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MONTREAL, QUEBEC--(Marketwired - Feb 16, 2016) - Mobi724 Global Solutions Inc. ("Mobi724" or the "Company") (CSE:MOS), a technology leader in the digital incentives, couponing and payment space, announces that its subsidiary, Mobi724 Asia Inc., has signed a multi-year agreement with Tangent Solutions, Inc. ("Tangent") in the Philippines to allow the latter to use Mobi724's EMV Payment Solutions. The Company will immediately start the integration process. This integration will enable Tangent's network to become EMV compliant. All banks and all retail payment terminals in the Philippines are required to be EMV complaint.
Robert Rioux - President of Mobi724 Asia Inc. stated: "All banks must be EMV compliant by the end of 2016. This is an opportunity for us to leverage our EMV gateways to connect and route the retail payment terminals to the proper issuing bank. This agreement allows us to reach over 40% of all the retailers in the country and it will allow us to connect MPOS transactions. Once the initial integration with Tangent has been done and execution of this first phase is commenced, in a subsequent phase, we can begin to leverage our couponing solutions as well."
About Tangent Solutions, Inc.
Tangent is the leading third-party and EFTPOS terminal service and solutions provider in the Philippines. Tangent offers innovative software for the payment industry and manages the payment terminals fleet for over 80 banks in the country through its partnership with Bancnet, the largest ATM switch in the Philippines and with all the major credit card acquirers in the country. Tangent also provides solutions to more than 40% of all the retailers in the country.
Tangent has been in the EFTPOS solutions provider business since 1999 and has been at the forefront of the technological revolution, helping its clients maximize the power of technology to achieve their business objectives. Its nationwide presence coupled with years of industry expertise, and leadership uniquely qualifies it to provide the most cost-effective services and solutions in the market. Moreover, its tradition to provide answers that are custom-tailored to their specific needs.
From the provision of EFTPOS terminals, maintenance and support, software development and implementation, to project management and consultancy, Tangent offers leading-edge end-to-end services that will allow its clients to succeed in today's fast-paced marketplace.
About Mobi724 Global Solutions
Mobi724 Global Solutions Inc. (CSE:MOS), a corporation based in Montreal (Canada), offers a unique and fully integrated suite of solutions - PAYMENT-COUPONING AND LOYALTY all in one.
Our vision is to enhance the value of commoditized payment transactions to the players in this eco-system (card associations, banks, mobile carriers and retailers) by adding layers of intelligence to these card-linked transactions (i.e. smart transactions) in a seamless manner for all the players in the eco-system.
Mobi724 Global Solutions unleashes the true potential of both payment and card-linked couponing/rewards transactions for both online and offline points of sale.
The Corporation provides its customers with full and comprehensive traceability and enriched consumer data through its offering. Its solutions enables card associations, retailers, manufacturers, offer providers, mobile operators and card issuers to create, manage, deliver and "track and measure" incentive campaigns worldwide to ANY mobile device and allow its redemption at ANY point of sales.
Our credit and debit EMV payment solutions will allow banks to process end to end EMV transactions, focusing on authentication, approved security and quick merchant adoption which allows the users to process payments with a wide range of devices over a secure and seamless transaction.
Mobi724's PCI and EMV cloud-based switch, with their device agnostic connectivity, simplifies deployment and integration, and introduces new payment and digital incentives solutions to the market enabling multi layered intelligent transactions therefore SMART TRANSACTIONS.
For more information on its products and on Mobi724 Global Solutions, visit www.mobi724globalsolutions.com.
Certain statements in this document, including those which express management's expectations or estimations with regard to the Company's future performance, constitute "forward-looking statements" as understood by applicable securities laws. Forward-looking statements are, of necessity, based on a certain number of estimates and hypotheses; while management considers these to be accurate at the time they are expressed, they are inherently subject to significant uncertainties and risks on the commercial, economic and competitive levels. We advise readers that these forward-looking statements are subject to risks, uncertainties, and other known and unknown factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied in these forward-looking statements. Investors are advised to not rely unduly on the forward-looking statements. This advisory applies to all forward-looking statements, whether expressed orally or in writing, attributed to the Company or to any individual expressing them in the name of the Company. Unless required by law, the Company is under no obligation to publicly update these forward-looking statements, whether to reflect new information, future events, or other circumstances.
The Canadian Securities Exchange (CSE) has not reviewed this news release and does not accept responsibility for its adequacy or accuracy. This news release does not constitute a solicitation to buy or sell any securities in the United States.
Mobi724 Global Solutions
Mr. Marcel Vienneau
1-514-394-5200 Ext 413