Clipmoney rolls out cash deposit solution at select BentallGreenOak retail facilities across Canada, The Canadian Business Journal

BOSTON, OCTOBER 5, 2022 (GLOBE NEWSWIRE) — CLIP MONEY Co., Ltd. (“clip”) (TSXV: Clip)(OTCQB:CLPMF)announced a partnership agreement with BentallGreenOak (BGO) for select retail facilities in Canada, the market’s first cash deposit solution to provide convenient and cost-effective financial services to business customers.

As part of the deal, Clip Money launched the ClipDrops network. ClipDrops are freestanding, secure self-service boxes installed in shopping malls and large retail stores that allow corporate customers to deposit their cash earnings quickly and securely. ClipDrops are currently located in Canadian shopping malls in the following BGO-managed properties:

• The Tenor (10 Dundas), Toronto, Ontario
• Penn Center, St. Catharines, Ontario
• White Oaks Mall, London, Ontario
• Village Green, St. Vernon, British Columbia
• Eglinton Square, Scarborough, Ontario
• Scottsdale Centre, Delta, British Columbia

Clip Founder and CEO Joseph Allage said: “Cash deposits don’t have to be expensive and inconvenient for small businesses. Clip is reducing costs, increasing access and simplifying banking for retail customers across Canada.”

Clip solutions are bank agnostic, allowing businesses to make daily deposits to their existing bank accounts in more convenient and accessible locations via ClipDrop. Deposits can be made at any time during extended retail hours by a designated business employee. Clip’s customers are provided with powerful technology through ClipApp to manage cash, let employees perform banking transactions, track transaction history, gather analytics and manage workforce. Customers also receive next business day credit on deposits, improving cash flow. Existing customers report hundreds of dollars in savings per store per month in labor costs related to travel and bank deposit times. Retailers admit the savings are welcome given the current staffing and resource challenges they face.

Arrage continues: In this way, eliminating trips to traditional bank branches can help retailers get cash into accounts faster and save employees time. ”

For more information, please visit the following URL: www.clipmoney.comand a complete list of locations, please visit: https://clipmoney.com/locations

About clips

Clip Money, Inc. (TSXV:CLIP)(OTCQB:CLPMF) offers the fastest and easiest way for businesses to securely deposit money into their current business bank accounts through its nationwide network of smart drop box locations in malls. It is an infrastructure-ready fintech that provides , large stores, grocery chains. Clip Money, Inc. enhances the business deposit experience through innovative digital and mobile-enabled platform services.

For more information, please contact:

Joseph Allage
Chief executive officer
[email protected]
Phone: 844-593-2547

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/69c97d4c-4947-44c2-93e7-919df4d9f2fc.

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