Fintech Commences Inaugural Project with Raseed
July 09 2019 - 7:58AM
Fintech Select Ltd. (“
Fintech Select” or the
“
Company”) (TSX-V: FTEC) is pleased to announce
that it has commenced working on its inaugural project with Raseed,
the Company’s Joint Venture partner in Libya (“Raseed”).
The project is to provide a Prepaid closed-loop
card solution (“Solution”) to a regional Libyan bank (“Bank”), one
of Raseed’s customers, to serve around 20,000 clients at almost 100
POS locations. The Solution will allow the Bank’s clients to load
funds on their cards which can then be used within the POS closed
network.
The Company has printed and received the 20,000
prepaid cards, and has been modifying its existing prepaid platform
to accommodate the extra features and options requested by the
Bank. The Company anticipates completing its implementation of the
Solution at the Bank in the very near future.
Mohammad Abuleil, President and CEO of Fintech
Select, issued the following comment, "We are very excited about
this Joint Venture relationship with Raseed, that was signed on May
21, 2019, as it has allowed us to establish a new revenue stream
outside Canada by utilizing our technologies and solutions based on
a revenue share model”.
FOR FURTHER INFORMATION PLEASE CONTACT:
Mohammad Abuleil, President & CEO orShelley Alliet @ -
Investor@fintechselect.com 519-3518647
About Fintech Select Ltd.
Fintech Select is a provider of robust and
disruptive Pre-Paid Card programs and mobile banking solutions.
Fintech Select has enabled these core assets which operate through
separate divisions to work together harmoniously to create a new
and ubiquitous environment for consumers and businesses alike.
Fintech select also operates an international call centre that
provides fulfillment and customer service support to customers
across all three platforms mentioned. Our mission is to provide
customers with choice, convenience and cost-effective ways to
facilitate traditional and crypto financial transactions.
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Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Forward Looking
Information:This news release contains “forward-looking
information” within the meaning of applicable securities laws.
Readers are cautioned to not place undue reliance on
forward-looking information. Actual results and developments may
differ materially from those contemplated by these statements. The
statements in this press release are made as of the date of this
release. Fintech undertakes no obligation to comment on analyses,
expectations or statements made by third-parties in respect of its
securities, financial or operating results (as applicable) or
prospects as to the effective implementation of the Solution with
Raseed. Fintech disclaims any intent or obligation to update
publicly any forward-looking information, whether as a result of
new information, future events or results or otherwise, other than
as required by applicable securities laws.
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