Business
Zoompass Announces Corporate Update
Zoompass Announces Corporate Update.
About this update from Zoompass Holdings Inc
[{"type":"text","content":"\n \n \n Zoompass Announces Corporate Update\n \n \nZoompass Announces Corporate Update\n \n TORONTO, ONTARIO--(Marketwired - May 8, 2017) - Zoompass Holdings Inc. (\"Zoompass\" or the \"Company\") (OTCQB:ZPAS) is pleased to announce the following update on the Company's business and information objectives going forward. \n The Company is pleased to announce that through an existing sales agent agreement, it expects to receive commissions through an initial purchase order under the program for delivery of mobility products of just over 6,000 units. Additionally, the Company is also pleased to announce that through a separate agency agreement it expects to receive commissions through a commitment of 5,000 wireless routers over a 12 month period. \n In a separate transaction, Zoompass has delivered 50,000 prepaid cards through its distribution partner to select retail locations as a result of satisfactory demand from the initial program launch. Additionally, the Company is pleased to announce that it has invoiced for a unique new program for a national consumer brand with an initial commitment of just over 50,000 cards, which is envisioned to utilize the Company's financial platform. \n Steve Roberts, President, commented, \"We are extremely delighted in the advancement of our mobility products solutions and believe the Company is well positioned to take advantage of seasonally stronger sales in the second half of the year. We are also extremely pleased with the developments on the prepaid cards solutions and look forward to the additional revenues generated from the additional prepaid cards entering into the marketplace.\" \n About Zoompass Zoompass Inc. is a leading financial services technology company with a unique place in the Fintech space as both a financial platform provider with divisions in physical prepaid cards, financing enablement, and mobility products. Zoompass provides businesses and government tailored solutions to help digitize their financial transactions. In the card sector, Zoompass offers complete program management services for a wide range of open loop Visa® and MasterCard® prepaid and virtual card accounts. Zoompass enables businesses to provide their customers with a number of open loop card choices including, gift card, incentive cards, check replacement cards and online virtual card accounts....