CUV Ventures Corp. RevoluPAY® Receives Direct Call from Central Bank Regarding PSD2 License, American Express added to Revol...
20 3월 2019 - 9:00PM
CUV Ventures Corp. (TSX-V:
CUV) (the “Company”) is pleased
to inform shareholders that Alfredo Manresa, CEO of the wholly
owned subsidiary RevoluPAY® S.L., has received a direct call, on
March 19th at 5.50pm CET, from the Head of License Authorizations
of the Central Bank, concerning the impending PSD2 banking license
approval. During the call, the senior department of authorizations
official explained to Mr. Manresa that the bank had preferred to
call directly to explain that the slight approval delay is
associated with the shear volume of departmental work underway,
however, that between Thursday 28th and Friday 29th of March 2019,
the central bank will issue a written communication to RevoluPAY®
concerning the PSD2 license petition. Management remains extremely
confident with regard to the eventual granting of a proprietary
PSD2 Central Bank license to RevoluPAY®. Further, RevoluPAY® signed
a contract, dated 15th March 2019, confirming, with immediate
effect, the incorporation of American Express into the RevoluPAY®
platform. Previously RevoluPAY® accepted Visa, Mastercard, Swift,
ACH and SEPA payments into the company’s proprietary e-Wallet app,
however, as of the aforementioned date, the company is pleased to
also welcome American Express cardholders.
About the PSD2 Central Bank License
The company considers the eventual granting of
PSD2 license as an entry into the future of modern banking. Known
colloquially as the “Open Banking Directive”, PSD2 license holders
are licensed to compete directly with conventional banks in today’s
digital banking era. Increasing numbers of worldwide consumers are
switching exclusively to digital banking, through phone apps or,
web-based platforms. The list of illustrious tech giants who have
obtained a PSD2 license over the past 18 months includes: Google
Inc., Facebook, Alipay, Stripe, etc. The company believes that such
a license will bring with it expanded horizons for CUV Ventures
and, a potentially lucrative access to the electronic banking world
via its proprietary RevoluPAY® app. While RevoluPAY® continues to
operate via an indefinite third-party PSD2 license, the advent of
the granting of a proprietary PSD2 license should, ostensibly,
bring with it: increased corporate autonomy, cost savings and, the
worldwide notoriety management believes RevoluPAY® will
achieve.
RevoluPAY® App Update
The company’s proprietary RevoluPAY® Apple and
Android app has been updated to include the Spanish language. A
further update will be issued shortly with the inclusion of
American Express.
Booking Holdings and Expedia VCC Update
The company is pleased to announce that the
clearance of VCC payments continues to increase exponentially and,
that the average gross profit for the company, calculated as of
today, is currently situated at approximately 4.5%.
About CUV Ventures Corp.:
CUV Ventures Corp. is a multi-asset,
multidivisional publicly traded Canadian company deploying advanced
technologies in the; Online Travel, Vacation Resort, Mobile Apps,
Money Remittance, Mobile phone top-ups, Invoice factoring,
Blockchain Systems, and Fintech app sectors.
Our flagship technology is RevoluPAY®, the Apple
and Android multinational leisure payments and remittance app,
powered by blockchain protocols, and aimed at the worldwide + $595
billion family remittance market. Click here to read more.
For further information on CUV Ventures Corp.
(TSX-V: CUV) visit the Company’s website at www.cuvventures.com.
The Company has approximately 134,523,337 shares issued and
outstanding.
CUV VENTURES CORP.
“Steve Marshall” ______________________STEVE
MARSHALLCEO
For further information contact:Don MosherCUV
Ventures Corp.Telephone: (604) 685-6465Toll Free:
800-567-8181Facsimile: 604-687-3119Email: info@cuvventures.com
NEITHER THE TSX VENTURE EXCHANGE NOR ITS
REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES
OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE
ADEQUACY OR ACCURACY OF THIS RELEASE.
This release includes certain statements that
may be deemed to be "forward-looking statements". All statements in
this release, other than statements of historical facts, that
address events or developments that management of the Company
expects, are forward-looking statements. Although management
believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are
not guarantees of future performance, and actual results or
developments may differ materially from those in the
forward-looking statements. The Company undertakes no obligation to
update these forward-looking statements if management's beliefs,
estimates or opinions, or other factors, should change. Factors
that could cause actual results to differ materially from those in
forward-looking statements, include market prices, exploration and
development successes, continued availability of capital and
financing, and general economic, market or business conditions.
Please see the public filings of the Company at www.sedar.com for
further information.
CUV Ventures (TSXV:CUV)
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