- Fintech company Mobi724 Global Solutions (MOS) has signed a Market Development Agreement with Pay Human Group S.A. De C.V.
- Pay Human Group specialises in administration of human resources and provision of payroll services to global companies in Mexico
- Under the agreement, Mobi724 will leverage Pay Human Group’s client network to improve its market acquisition opportunities
- The company is already identifying such opportunities, and plans to launch targeted marketing efforts in 2021’s first quarter
- Mobi724 Global Solutions is up 10 per cent and is currently trading for 5.5 cents per share
Fintech company Mobi724 Global Solutions (MOS) has signed a Market Development Agreement with Pay Human Group S.A. De C.V.
Pay Human Group is a firm which specialises in the administration of human resources and provision of payroll services. The company provides these services in order to add strategic value to global companies in Mexico, such as global financial institutions and retailers.
Under the Market Development Agreement, Mobi724 plans to leverage Pay Human Group’s network of clients, in order to improve its market acquisition opportunities. The two companies will jointly target such opportunities among Pay Human Group’s clients and market Mobi724’s solutions to them.
Pay Human Group’s Founder, Rodolfo Gabriel García Velarde, explained what his company will provide to Mobi724 under the agreement.
“We create cardinal value for our clients through the use of technology and automation and by building an organisational culture which brings prosperity,” he said.
“We believe Mobi724’s offering is in-line with our approach, and will generate value and enhance the competitive edge of our clients,” he added.
Mobi724’s CEO, Marcel Vienneau, commented on how the company’s latest agreement factors into its plans for the future.
“This Market Development Agreement is a part of our strategy to drive sales through a network of partners, such as Pay Human Group, an accomplished and a highly reputable firm,” he said.
“We have commenced identifying opportunities, and are planning on a targeted marketing effort starting in Q1 of this year,” he added.
Mobi724 Global Solutions is up 10 per cent and trading for 5.5 cents per share, as of 9:30am EST.