TRUSTCASH HOLDINGS, INC. ("TrustCash" or the "Company") (PINKSHEETS: TCHH) today confirms it believes the large South American e-commerce market is ripe for the TrustCash Payment Technology suite of services, particularly the mobile solutions currently under development.

Using Brazil as an example, e-commerce growth presents a great opportunity for TrustCash in South American countries (http://www.newmediatrendwatch.com/markets-by-country/11-long-haul/42-brazil):

  • 64.6 million people will use the internet in Brazil by 2013, according to eMarketer. This would be up from 44.2 million in 2009.
  • E-commerce in Brazil, like many other internet activities in that country, is maturing quickly. Between the first half of 2005 and 2008, e-commerce revenues have nearly quadrupled to reach BRL3.8 billion ($2.2 billion), according to the e-bit's "Web Shoppers" study.

Regarding the mobile payments opportunity in South America, Brazil also provides a great look into the potential. A 2009 mobile payments report on Brazil stated the following:

  • "The Brazilian mobile payments market is a promising one."
  • "The rapid growth in access to mobile telecommunications in Brazil has created new opportunities to provide secure, low-cost financial services using the local mobile networks."

The full report can be viewed at:

http://www.upaid.net/doclib/Upaid_Mobile_Payments_Report_Latin_America_2009.pdf

TrustCash has been contacted to explore opportunities in South America and the Company feels its products have vast potential for online shoppers in South and Central America.

TAKE OUR ONLINE SURVEY

Tell us where you want to use TrustCash at:

http://www.trustcash.com/contact-us/signup-to-trustcash/

ABOUT TRUSTCASH

The TrustCashâ„¢ platform delivers a sophisticated, comprehensive online payment processing system.

The TrustCash technology infrastructure provides merchants with open access, PCI compliant payment processing. TrustCashâ„¢ is an E-commerce expert providing online businesses with payment solutions needed to be successful.

Cautionary Statement Regarding Forward-Looking Statements

A number of statements contained in this press release are forward-looking statements. These forward-looking statements involve a number of risks and uncertainties, including the sufficiency of existing capital resources, technological changes and uncertainties related to the development of TrustCash's business model. The actual results TrustCash may achieve could differ materially from any forward-looking statements due to such risks and uncertainties.

Contact: TrustCash Holdings, Inc. Shareholder Communications Email Contact: Email Contact 1-800-975-5196

Trustcash (CE) (USOTC:TCHH)
Historical Stock Chart
From May 2024 to Jun 2024 Click Here for more Trustcash (CE) Charts.
Trustcash (CE) (USOTC:TCHH)
Historical Stock Chart
From Jun 2023 to Jun 2024 Click Here for more Trustcash (CE) Charts.