Business
Sharing Services Global Corporation Plans to Drive New Revenue Stream with Launch of SigmaPay, Its New Payment Processing Company
Sharing Services Global Corporation Plans to Drive New Revenue Stream with Launch of SigmaPay, Its New Payment Processing Company.
About this update from Sharing Services Global Corp.
[{"type":"text","content":"\n PLANO, Texas, May 31, 2023 (GLOBE NEWSWIRE) -- via IBN -- Sharing Services Global Corporation (OTCQB: SHRG) (“Sharing Services” or the \"Company\") today announces the launch of SigmaPay, a full-service payment processing company that is an integral part of the Company’s new Shared Services Platform. SigmaPay is set up to deliver a comprehensive enterprise payment processing solution to companies in the direct-selling industry. Leveraging streamlined technology, SigmaPay offers cost-effective, integrated payment processing services ranging from point-of-sale, virtual and mobile transactions to 3D secure fraud protection – all with competitive transactional rates. \"At Sharing Services, our goal is to provide premier enterprise-level solutions for every aspect of our customers’ needs,\" said Sharing Services CEO John \"JT\" Thatch. \"SigmaPay is one of the key components of our Shared Services Platform, which also includes consulting and financial services for insurance, logistics and even mobile apps. Our Shared Services Platform incorporates the absolute highest-caliber solutions for the companies we partner with.\" \"The launch of SigmaPay is a significant part of the Company’s business reorganization plan that will not only reduce our dependency on the sale of health and wellness products but will also generate a sustainable revenue stream that is critical to our ability to improve our overall operating margin,\" said Anthony S. Chan, Sharing Services CFO. \"Companies in the direct sales business need a dependable and cost-effective payment processing system. Our SigmaPay system is robust and flexible, and we believe it will be a real game changer for our target customers that include early-stage companies in direct sales.\" Sharing Services' primary growth strategy is built on focused innovation and creativity, and the Company is positioned to capture a profitable market share via diverse business models. The full range of solutions offered by Sharing Services Global Corporation can be found on the Company’s website, https://www.shrginc.com/. For more information on SigmaPay, please visit: www.sigmapay.com About Sharing Services Global Corporation Sharing Services Global Corporation (OTCQB: SHRG) is a publicly traded, diversified company dedicated to maximizing shareholder va...