TrustCash Comments on Its Mobile Payments Opportunity in Multi-Billion Dollar South American E-Commerce Market
August 05 2010 - 6:30AM
Marketwired
TRUSTCASH HOLDINGS, INC. ("TrustCash" or the "Company")
(PINKSHEETS: TCHH) today confirms it believes the large South
American e-commerce market is ripe for the TrustCash Payment
Technology suite of services, particularly the mobile solutions
currently under development.
Using Brazil as an example, e-commerce growth presents a great
opportunity for TrustCash in South American countries
(http://www.newmediatrendwatch.com/markets-by-country/11-long-haul/42-brazil):
- 64.6 million people will use the internet in Brazil by 2013,
according to eMarketer. This would be up from 44.2 million in
2009.
- E-commerce in Brazil, like many other internet activities in
that country, is maturing quickly. Between the first half of 2005
and 2008, e-commerce revenues have nearly quadrupled to reach
BRL3.8 billion ($2.2 billion), according to the e-bit's "Web
Shoppers" study.
Regarding the mobile payments opportunity in South America,
Brazil also provides a great look into the potential. A 2009 mobile
payments report on Brazil stated the following:
- "The Brazilian mobile payments market is a promising one."
- "The rapid growth in access to mobile telecommunications in
Brazil has created new opportunities to provide secure, low-cost
financial services using the local mobile networks."
The full report can be viewed at:
http://www.upaid.net/doclib/Upaid_Mobile_Payments_Report_Latin_America_2009.pdf
TrustCash has been contacted to explore opportunities in South
America and the Company feels its products have vast potential for
online shoppers in South and Central America.
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Tell us where you want to use TrustCash at:
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ABOUT TRUSTCASH
The TrustCashâ„¢ platform delivers a sophisticated, comprehensive
online payment processing system.
The TrustCash technology infrastructure provides merchants with
open access, PCI compliant payment processing. TrustCashâ„¢ is an
E-commerce expert providing online businesses with payment
solutions needed to be successful.
Cautionary Statement Regarding Forward-Looking Statements
A number of statements contained in this press release are
forward-looking statements. These forward-looking statements
involve a number of risks and uncertainties, including the
sufficiency of existing capital resources, technological changes
and uncertainties related to the development of TrustCash's
business model. The actual results TrustCash may achieve could
differ materially from any forward-looking statements due to such
risks and uncertainties.
Contact: TrustCash Holdings, Inc. Shareholder Communications
Email Contact: Email Contact 1-800-975-5196
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