Business
ZOOMPASS Virtual Card Program Enables Latin American (LATAM) Consumers access to US E-Commerce Markets
ZOOMPASS Virtual Card Program Enables Latin American (LATAM) Consumers access to US E-Commerce Markets.
About this update from Zoompass Holdings Inc
[{"type":"text","content":"\n \n \n ZOOMPASS Virtual Card Program Enables Latin American (LATAM) Consumers access to US E-Commerce Markets\n \n \nZOOMPASS Virtual Card Program Enables Latin American (LATAM) Consumers access to US E-Commerce Markets\n \n TORONTO, ONTARIO--(Marketwired - May 24, 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 \n Zoompass is pleased to announce that it has been successfully operating a unique virtual card program in Latin America (LATAM) through agreements with companies in Miami and the Dominican Republic to enable e-commerce transactions. This program provides consumers outside the US with the ability to purchase US products online with prepaid cards provided to them virtually on their mobile phone. The program addresses an ongoing issue whereby consumers in LATAM cannot buy most products online from the US without a US address and US credit card. This program allows LATAM consumers virtual credit cards via a mobile push to their phone giving them a US credit card number, expiration and CVV. These programs are being facilitated through courier companies which also provide US addresses and shipping for all products purchased creating a full turnkey solution for consumers. Zoompass plans to expand the program to the rest of LATAM, as well as to other parts of the world that are experiencing the same difficulties purchasing US products online. Statista (www.statista.com) provided statistics on the size of the e-commerce market in Latin America with sales in 2016 at $57 billion USD and projected sales in 2019 to be $84.75 billion USD. \n \n Steve Roberts, President of Zoompass, stated, \"This is an illustrative example of making money mobile. We believe our virtual card programs are the way of the future and we are excited to make US products via e-commerce, much more accessible for people all over the world that don't have the same access. We are positioned well to benefit from and help the growth of the LATAM e-commerce market.\" \n About Zoompass: Zoompass 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 prov...