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Next Group Holdings Subsidiary, NEXTCALA Signs Joint Venture Agreement with Glocal Payment Solutions, Inc.
Next Group Holdings Subsidiary, NEXTCALA Signs Joint Venture Agreement with Glocal Payment Solutions, Inc..
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[{"type":"text","content":"\n\n\n\nNext Group Holdings Subsidiary, NEXTCALA Signs Joint Venture Agreement with Glocal Payment Solutions, Inc.\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nNext Group Holdings Subsidiary, NEXTCALA Signs Joint Venture Agreement with Glocal Payment Solutions, Inc.\nPR Newswire\nMIAMI, June 8, 2016\n\n\n\nMIAMI, June 8, 2016 /PRNewswire/ - Next Group Holdings, Inc. (OTCQB: NXGH) announced today that its subsidiary, NEXTCALA, Inc. (\"NEXTCALA\") signed an agreement with Glocal Payment Solutions, Inc. (\"GLOCAL\"), to form a Joint Venture to be named NextGlocal that will provide financial solutions to the underbanked population.\n\nThe NextGlocal financial products will provide attractive pricing and extra benefits to unbanked and underbanked consumers.\n\nNEXTCALA will make available to the Joint Venture every feature of NEXTCALA's prepaid card financial services program platform, including without limitation, its standard GPR (General Purpose Reload) features, functions, and support, co-branded and customized for GLOCAL's business and consumer customers through a distinct NextGlocal co-branding program to meet demand created by NextGlocal.\n\nGLOCAL is a multi-media commerce payment solutions company engaged in creating and sustaining a state-of-the-art payment processing solution and network that encompasses a wide range of participating suppliers, incentives, and affinity across multiple business and consumer network groups.  GLOCAL will expand its ongoing successes in the travel and tourism, health and travel insurance, restaurant and retail, corporate solutions and non-profit business segments in the United States and in soon-to-be-announced international markets.  GLOCAL, together with its existing engagements, will enable NextGlocal to target a universal sample space of 30,000,000 users from the launch of the Pilot Program in June 2016, transitioning into the potential universal sample space of 100,000,000 users globally through year three.\n\n\"The synergy and common objectives between NEXTCALA and GLOCAL will enable the Joint Venture to develop...