CUV Ventures Corp. RevoluPAY® Remittance Bank Disbursement Activated in 73 Countries, RevoluCHARGE Launched, Bank License Meeting
November 5, 2018
- RevoluPAY® users now able to transfer complete or partial e-wallet balances to any bank in 73 countries from within the app.
- RevoluPAY® Initial bank disbursement (cash-out) markets total $87.5 Billion USD in annual remittance flows.
- Director Alfredo Manresa & Hogan Lovells meeting with European authorities on November 7th 2018 for application of proprietary EP Banking License.
- RevoluCHARGE instant mobile phone top-up service successfully launched on schedule, covering 240 countries and over 500 world operators.
- Top 40 major international bank negotiations continuing favorably for additional 16 Central/South American/Caribbean nations for approximately $71 Billion USD in potential supplementary remittance markets.
- CEO Steve Marshall featured on Uptick Newswire
- RevoluPAY® Presentation Released - RevoluPAY Presentation Download
Vancouver, BC – CUV Ventures Corp. (TSX-V: CUV) (the “Company”) Vancouver, BC – (the “Company”) is pleased to announce that subsequent to successful live trials, the RevoluPAY® app is now live for instant withdrawals of total or partial e-Wallet balances, from directly within the app, to a user’s bank account in 73 countries. Furthermore, 31 of the cited countries receive approximately 87.5 Billion USD in remittances annually. Director Alfredo Manresa and, Corporate attorneys Hogan Lovells, to meet with European bank officials at 11am on Wednesday November 7th 2018, concerning the application for the previously announced proprietary European EP Banking license. Shareholders are reminded that the company is operating RevoluPAY® through an indefinite banking license agreement in the interim. RevoluCHARGE has completed numerous international phone top-ups and, is now live at www.RevoluCHARGE.com.
Further CUV Ventures Corporate Updates
CEO, Steve Marshall, will be meeting Panamanian authorities on November 23rd 2018 concerning the final details of RevoluFIN Inc. and, the company’s proposal to domicile RevoluFIN corporate headquarters at the Cuidad del Saber (City of Knowledge) in Panama City, a location especially suited to technology and finance companies. RevoluFIN obtained its initial seed capital guarantee of up to 40 million Euros (approx. 61 million CAD) on the 8th of March 2018 from Vesilen Investments and, has received and studied numerous financing requests, which will be immediately approved in the very near future.
Travelucion Website Updated
In preparation for the launch of the worldwide RevoluVIP Travel Club, the website for wholly owned travel subsidiary Travelucion.com has been comprehensively updated. Travelucion, a licensed and bonded travel company, is the sole supplier of travel to RevoluVIP Club members. Travelucion has entered into publicly announced agreements with the world’s largest travel suppliers and facilitators: Amadeus, IATA, Constellation Software, Juniper and, many more. RevoluVIP is expected to go live with offers, in the initially announced markets of: United States (all states), Canada, California, Florida, Alaska, in December 2019, with subsequent world markets following the pre-announced timeline. The company expects to achieve a significant boost in travel revenue from RevoluVIP global markets and, shareholders are reminded that RevoluVIP imposes compulsory use of RevoluPAY® for all travel payments.
RevoluPAY® on Proprietary Websites
The company intends to launch a dual payment mechanism on its +400 legacy websites within the next 30 days. The company’s software engineers have completed the required API, which will give visitors the choice of paying by Visa/Mastercard, as they have in the past and, now, also the option to pay via RevoluPAY®. The addition of this option will also offer clients who use the company’s RevoluPAY® app to settle invoices a 5% in-app cash-back on each purchase. The company expects the organic embracing of RevoluPAY® to increase significantly once this initial marketing, to its extensive past/current client base, commences.
RevoluPAY® Extended Cash-Out Disbursement
As originally announced on October 1st 2018, the company has now received preliminary approval for the RevoluPAY® e-Wallet linked prepaid Visa Card. The company expects the first cards to ship to those app users who request them in January 2019. Still under positive negotiation, is cash-out via NFC and Non NFC enabled ATM´s directly from the app (card-less withdrawals). Under this system, at non NFC enabled ATM´s, the user receives a unique code which, when entered into the ATM´s numeric keyboard, confirms the users presence and, permits subsequent withdrawal of funds.
From today, the company’s RevoluCHARGE division, a branched vertical from RevoluPAY®, allows anyone in the world to send; minute, sms and, data credits, to family and friends internationally, with payments exclusively via the company’s proprietary payment app RevoluPAY® and, a forthcoming “Powered by RevoluPAY®” autonomous RevoluCHARGE App. The company considers the approximately $8 Billion USD annual mobile top-up market the perfect complimentary service, in combination with worldwide remittances and payments, through RevoluPAY®.
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, Invoice factoring, Blockchain Systems, and Cryptotoken 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 123,200,000 shares issued and outstanding.
CUV VENTURES CORP.
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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.