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RevoluGROUP Canada (TSXV:REVO) issues international expansion update

Finance, Socials, Technology, The Watchlist
TSXV:REVO
24 January 2023 13:00 (EDT)

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Steve Marshall, RevoluGROUP Canada (REVO) CEO, sat down with Sabrina Cuthbert to discuss the company’s international expansion efforts.

RevoluTRANSFER 

On August 22, 2022, the company launched RevoluTRANSFER, facilitating instant worldwide transfers to 76 countries of up to 3 million Euros or the foreign currency equivalent.

RevoluGROUP today adds 27 countries to that total, including Kazakhstan, Argentina, Australia, Chile, Cameroon, Colombia, Cape Verde, Guadeloupe, French Guiana, Hong Kong, India, Japan, South Korea, Mexico, Mali, Mozambique, Martinique, Malaysia, New Caledonia, New Zealand, Peru, Reunion, Senegal, Singapore, Saint Pierre & Miquelon, Thailand and Uruguay.

RevoluSEND 

RevoluSEND’s coverage has also increased from 120 to 133 countries, with new additions for the remittance app including India, Angola, Cameroon, Cape Verde, Guadeloupe, French Guiana, Japan, Mali, Mozambique, Martinique, New Caledonia, New Zealand and Saint Pierre & Miquelon.

SEPA Instant launch

In September 2020, RevoluGROUP’s wholly-owned banking subsidiary, RevoluPAY EP S.L., was granted the Central Bank PSD2 banking addendum of passporting approval from all EU member countries by the European Banking Authority.

Today, the company expands its Pan-European SEPA (Single Euro Payments Area) functionality with SEPA Instant, facilitating instant transfers in Euros or local currencies every day of the year to SEPA’s 36 member-states.

Equity investment

The company continues to work towards a value-enhancing conclusion to the potential equity acquisition by a European financially regulated entity allied to a UAE-based financial consultancy firm. Management will ensure that shareholders remain closely informed.

RevoluGROUP Canada deploys advanced technologies in banking, mobile apps, money remittance, cross-border forex payments and blockchain systems, among others.

RevoluGROUP Canada (REVO) opened with a gain of 4.23 per cent, trading at $0.37 per share.


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