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RevoluGROUP Canada Inc. Remittances to Venezuela Launched on RevoluSEND, Continued US Media Coverage, Progress in Equity Investment Negotiations, The Canadian Business Journal

VANCOUVER, British Columbia, October 24, 2022 (GLOBE NEWSWIRE) — Canada Inc. (TSX-V: Revo), (Frankfurt: IJA2) (the “Company”) today announced that RevoluSEND has started sending money to Venezuela. We have completed technical integration into the Venezuelan remittance platform and the remittance platform of our white label partners. Venezuela is 117 and has successfully started the delivery of the remittance.thRevoluSEND Remittance Country.

increased Venezuela collection point

Continuation of the news release dated September 5th, In 2022, the company will significantly increase the originally planned domestic collection points by successfully incorporating the previously announced 39 physical remittance collection points from ITALCAMBIO, and will also add 25 of the largest domestic banks. Added. Families can now receive humanitarian remittances in US dollars and bolivar at 64 collection points covering the length and breadth of Venezuela.

of Venezuelan remittance market

According to US Census Bureau tallies, the Venezuelan diaspora in the United States comprises approximately 460,000 people who were either born in Venezuela or reported Venezuelan ancestry or race. A sizeable population of the Venezuelan diaspora lives in Florida. Other significant Venezuelan diaspora populations in the world, according to United Nations Population Division estimates, are Colombia (2,009,000), Peru (978,000), Ecuador (659,000), Chile (472,000), Brazil (361,000), Spain (297,000), and Panama (121,528). .

Venezuela received approximately USD 3.54 billion in family remittances in 2021. US$869.471947, followed by Spain with US$449.064 million, Chile with US$446.04 million, Colombia with US$442.9845 million, Peru with US$404.91 million and finally Brazil with US$341.14 $5,000.

RevoluGROUP USA Inc. Vice President Emilio Morales Expanding media coverage

We are pleased to announce that Emilio Morales, Vice President of RevoluGROUP USA Inc., will continue the RevoluSEND Media Blitz in the US, which began in March 2022. Over the last few months, a number of articles have been published by Radio Television Marti’s highly targeted press agency. , CiberCUBA, Diario de Cuba. We continue to grow our market share of remittances within the Cuban and South American expatriate communities across the United States.

Stock investment story

Continuation of the news release dated October 17thin 2022, we would like to inform our shareholders that discussions are progressing positively and that both parties are working towards a final agreement regarding a potential equity investment in our company.

Links used in this news release.

ITALCAMBIO Physical Office – https://www.italcambio.com/sucursales.php
Venezuela Remittance Data – https://tinyurl.com/bdzhdpjs
Diario de Cuba – https://diariodecuba.com/cuba/1664467093_42540.html
Cyber ​​Cuba – https://tinyurl.com/yc2z3y36
Radio Televisión Marti – https://tinyurl.com/5xd8rmhx

About RevoluPAY®

Our flagship neo-banking technology is RevoluPAY®, a multinational payment app for Apple and Android. Conceived entirely in-house, his RevoluPAY features unique sector-specific technology, the source code of which is our intellectual property. RevoluPAY’s built-in features include money transfer payments, foreign exchange, virtual and fiat currency exchanges, retail and hospitality payments, real estate payments, pay-as-you-go phone charges, gift cards and online credits, utility payments, and gaming. It is included. Credits, leisure payments, travel payments, etc. RevoluPAY is aimed squarely at the global multi-billion dollar open banking sector, cross-border foreign exchange payments and +$595 billion family remittances market. RevoluPAY® is operated by RevoluPAY EP SL, a wholly owned European subsidiary in Barcelona. RevoluPAY is a US MSB, Canadian FINTRAC and European PSD2 payment house 6900 licensed as EU 27 Passport and Official Visa Issuer under the auspices of EU Directive 2015/2366.® card and approved visa® Affiliate member. RevoluGROUP Canada Inc. manages his five wholly owned subsidiaries on four continents.

about RevoluGROUP Canada Inc.:

RevoluGROUP Canada Inc. is a multi-asset, multi-sector, publicly traded Canadian company deploying advanced technology. Banking, mobile apps, money transfer, cross-border forex payments, mobile phone top-ups, e-gaming, healthcare payments, e-sports, invoice factoring, online travel, vacation resorts, blockchain systems, fintech app sectors. Click here to read more.

For more information about RevoluGROUP Canada Inc. (TSX-V: REVO), please visit their website at www.RevoluGROUP.com. The Company has approximately 190,257,876 outstanding shares.

RevoluGROUP Canada, Ltd.

Steve Marshall
______________________
Steve Marshall
CEO

For more information, please contact:
RevoluGROUP Canada Inc.
Phone: (604) 332 5355
Email: [email protected]

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATORY SERVICE PROVIDERS (AS THAT TERM IS DEFINED IN THE TSX VENTURE EXCHANGE POLICIES) ARE RESPONSIBLE FOR THE SUITABILITY OR ACCURACY OF THIS RELEASE.

This release contains certain statements that may be considered “forward-looking statements.” All statements, other than statements of historical fact, in this release address events or developments anticipated by the company’s management and are forward-looking statements. Although management believes that the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may vary. or developments may differ materially from forward-looking statements. We undertake no obligation to update these forward-looking statements if management’s beliefs, estimates, opinions or other factors change. Factors that could cause actual results to differ materially from forward-looking statements include market prices, exploration and development success, continued availability of capital and financing, general economic and market or business situations. See our public documents. www.sedar.com for more information.


CBJ Newsmaker

RevoluGROUP Canada Inc. Remittances to Venezuela Launched on RevoluSEND, Continued US Media Coverage, Progress in Equity Investment Negotiations, The Canadian Business Journal

Source link RevoluGROUP Canada Inc. Remittances to Venezuela Launched on RevoluSEND, Continued US Media Coverage, Progress in Equity Investment Negotiations, The Canadian Business Journal

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