Upco International Inc. Announces Launch of Point of Sale (POS) Payments System called Upcopoint
Vancouver, BC, June 3, 2019, Upco International Inc. (CSE: UPCO) (OTCQB: UCCPF) (FSE: U06) (“Upco”) is pleased to announce it has launched a new Point of Sale (POS) payments system, called Upcopoint, that will be available across Europe.
Upcopoint is a Point of Sale (POS) payments system that will enable businesses to conduct sales and manage inventory and customer data more efficiently. Key highlights of Upcopoint include:
- Upcopoint will accept all forms of payment, including cards, cash, checks and gift cards, making it easy and secure for merchants to get paid
- Competitive rates with a low rate per card swipe without long-term commitments or hidden fees
- Incorporates the latest blockchain technology for a more secure payment method
- Monitors for fraudulent transactions 24/7 to help keep customers’ financial information protected
- Will be fully integrated with UpcoPay’s mobile eWallet, enabling merchants to accept instant payments from consumers using the UpcoPay App
- Will be possible for consumers to open an Upco eWallet following all banking compliance with Know Your Customer (KYC) directives and receive an UpcoPay Card
- Upcopoint enables funds to be sent immediately to other Upcopoint users around Europe to facilitate real-time cash transfers
- Upcopoint can generate a voucher (pin) that can be used to top-up any UpcoPay eWallet in Europe
Upco will soon publish its new website showing all of the new features of the Upco App and Upcopoint. Upco is currently developing the customer onboarding process, following the KYC directive to enable the eWallet functionality in the UpcoPay mobile app.
Upco is excited about rolling out its new POS payments system given the expected global growth in FinTech, especially within mobile payments. According to Statista, in 2018, global transaction volume in the mobile Point of Sale payments space was expected to reach US$391 billion and projected to increase to over US$1.3 trillion by 2022.
Mr. Andrea Pagani, CEO and President of Upco International Inc., commented: “We are extremely pleased with the steady progress that is being made in the development and delivery of our integrated communications and e-commerce solutions. There are a host of exciting opportunities of great benefit to users in this evolving space, and we continue to monitor them closely with a view towards enhancing and extending our innovative FinTech solutions on an ongoing basis. The improvements mentioned in this release attest to Upco’s strong and ongoing commitment to user security, privacy and protection from third-party intervention.”
To view Upco’s latest investor presentation and research reports, please visit our website and go to the Investors section.
About Upco International Inc.
Upco International Inc. is a cloud-based mobile service company which provides high-quality voice termination to a market driven by the growing activity in online communications and commerce. Upco is a licensed Global Telecom Carrier within the international VoIP (voice over IP) wholesale business. Upco has designed a software application for Apple iOS and Android, similar to SKYPE and WhatsApp. With the forthcoming addition of the Upco e-Wallet using Blockchain Payment Services, users will be able to: send invoices, approve payments, transfer international funds, convert international currencies, and track transfers and payments. The application will also allow vendors to securely share account information with their clients.
ON BEHALF OF THE BOARD OF DIRECTORS
Andrea Pagani, CEO and Director
212 461 3676
Neither the Canadian Securities Exchange nor its regulation services provider has reviewed or accepted responsibility for the adequacy or accuracy of the content of this news release.
Except for the statements of historical fact, the information contained herein is of a forward-looking nature. Such forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of the Company to be materially different from any future results, performance or achievements expressed or implied by statements containing forward-looking information. Such factors include continued availability of capital and financing and general economic, market or business conditions.
Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that statements containing forward-looking information will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on statements containing forward-looking information. Readers should review the risk factors set out in the Company’s Filing Statement as filed on SEDAR.
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