CUV Ventures Corp. EasyPagos Ecuador MOU For RevoluPAY® Remittance Deliveries
March 26 2019 - 7:00AM
CUV Ventures Corp. (TSX-V:
CUV) (the “Company”) is pleased
to announce that it has signed a memorandum of understanding
(“MOU”) with EasyPagos Ecuador, on March 25th 2019. The MOU, signed
by CUV CEO, Steve Marshall and, Silvia Subia, CEO of Easy Pagos,
outlines a mutual desire to study the technical requirements for
RevoluPAY® e-Wallet family remittances and, cash advances for
visiting tourists, to be collected at over 1000 agencies controlled
by EasyPagos www.easypagos.com in Ecuador. The parties have agreed
to work on a Definitive Agreement (“DA”) concerning bilateral
commissions, the technical linking of payments settlement systems
and, the mechanism for the instant delivery of worldwide
remittances and, tourism focused cash-advances, in Ecuador. The
parties anticipate arriving at a mutually agreeable arrangement
very soon. The Company would also like to thank Advisor, Emilio
Morales, for his assistance in forging this potentially valuable
relationship with EasyPagos.
EasyPagos Presentation
About EasyPagos
EasyPagos (Easy Payments in English),
headquartered in Guayaquil, was founded in the year 2000 and,
currently provides logistical payment deliveries for 27 of the
world’s largest remittance companies. EasyPagos manages over 1000
physical delivery bureaus across the length and, breadth of
Ecuador, servicing: major cities, smaller towns and, villages.
Remittance and Tourism Data for Ecuador
The central bank of Ecuador estimates that the
country receives over $3 Billion USD annually through international
remittances. Furthermore, Ecuador remains a popular South American
tourism hotspot, with approximately 1.8 million visitors annually.
The Company’s RevoluVIP platform (page 17) will offer specific
offers to Ecuador on the VIP country website therefore, the
proposed agreement with EasyPagos will allow visiting tourists easy
access to local currency through their RevoluPAY® app.
About RevoluPAY®
The Company’s flagship technology is RevoluPAY®,
the Apple and Android multinational payment app. Built entirely
in-house, RevoluPAY features proprietary, sector specific,
technology of which, the resulting source code is the property of
the Company. RevoluPAY’s built-in features include: Leisure
payments, travel payments, retail and hospitality payments,
remittance payments, real estate payments, pay-as-you-go phone
top-ups, Utility Bill payments, etc. RevoluPAY is powered by
blockchain protocols, and, is squarely aimed at the worldwide
multi-billion dollar leisure sector and, + $595 billion family
remittance market. RevoluPAY® is operated by the European wholly
owned subsidiary RevoluPAY S.L located in Barcelona. RevoluPAY S.L
operates under European E-money - Directive 2009/110/EC through a
licensed electronic money institution or EDE Banking Licensed
entity.RevoluPAY Presentation
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.
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