- Anticipated
network of 1,000 self-service digital payment kiosks in California
- Cross-border
payment solution between the U.S. and Latin America
- A
joint venture of cutting-edge digital payment solutions and strategic
leadership in growth finance strategy
QPAGOS (OTCQB: QPAG), a U.S.-based provider of digital
payment services in Mexico, and DPW Holdings, Inc. (NYSE American: DPW), a
diversified holding company, have agreed to establish a joint venture to launch
a network of 1,000 self-service digital payment kiosks in California (http://ibn.fm/kojR8). This joint
venture is contingent upon expected operating, credit facility and supply
agreements with Innovative e-Payment Solutions, LLC on or before July 1, 2018.
Innovative e-Payment Solutions will work to leverage QPAGOS’s digital payment
solutions with DPW’s strategic leadership to maximize this joint venture’s
growth potential.
These cutting-edge digital payment kiosks will feature
consumer payment to an anticipated library of over 10,000. These kiosks are an
innovative cross-border payment solution between the U.S. and Latin America
that will provide solutions between consumers and participating vendors,
utilities and service providers, actively accepting both domestic and
international payments. It is anticipated that these kiosks will provide access
to mobile top up service, money transfers, cryptocurrency purchases and
payments and micro lending transactions.
QPAGOS is already recognized as the leading kiosk
self-service payment solution in Mexico and other countries and is excited by
this new joint venture to enter the U.S. market. The U.S. is primed for growth
and innovation of digital payment options, making this an optimal time to enter
the market.
In a news release, Gaston Pereira, CEO of QPAGOS, stated,
“We are thrilled to have been chosen by DPW Holdings, Inc. as their strategic
technology partner in this endeavor. Our technology, successfully deployed in
Mexico and a dozen of other countries, should provide Innovative e-Payment
Solutions with a unique competitive advantage, allowing it to cater to specific
consumer needs for both domestic and cross-border payments.”
DPW Holdings, Inc. is a diversified holding company with a
growth strategy of acquiring undervalued assets, disruptive technologies,
sustainable solutions and exciting ventures for incubation and development to
their full potential for long-term growth and investor returns. The company has
a profound understanding of growth finance strategy and a 20-year track record
of activist investment.
For more information, visit the company’s website at www.DPWHoldings.com
About MissionIR
MissionIR is
primarily focused on strategic communications. We have executed countless
communications programs to address the needs of companies ranging from
start-ups to established industry leaders, gaining valuable experience and the
expertise necessary to determine the most effective strategy for any given
situation.
For more information, visit www.MissionIR.com
Please see full terms of use and disclaimers on the Mission
Investor Relations website applicable to all content provided by MIR, wherever
published or re-published: http://www.missionir.com/disclaimer.html
