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TSX Venture Exchange: FGD
Frankfurt Stock Exchange: 1G5
TORONTO, June 6, 2017 /CNW/ - First Global Data ("First Global" or the "Company") is pleased to announce that it has entered into a Strategic Partnership Agreement with ImpalaPay for mobile wallet deployment in Kenya and 18 other African countries.
ImpalaPay is a Kenyan based payments company which has significant partnerships and reach across the African continent. ImpalaPay and First Global have partnered to white label the First Global mobile wallet and cross border compliance platforms for a FINTECH ecosystem and marketplace with domestic and cross border payment and remittance services in 19 countries across Africa.
ImpalaPay has access to 7 national payment switches in Africa, is in a partnership with Airtel Africa for access to 76 million subscribers and is in a universal agreement with UBA Bank which provides licensing in 19 countries and to approximately 17 million account holders.
"This is a very important strategic relationship for First Global as we continue our strategy of global domestic deployments tied together through the First Global compliance hub to form the world's first portable, interoperable mobile payment service", said Andre Itwaru, Chairman and CEO of First Global.
About ImpalaPay (www.impalapay.com)
Founded under Cashswift global, ImpalaPay is a pioneer global digital payment platform provider. It is the driver of convergence of mobile banking, virtual currencies and borderless payments. ImpalaPay brings years of insight in designing seamless response to the complexity of payments, offering intelligent M-commerce, multi-channel solutions to prevent fraud and increase revenues. Our platform supports mobile money global payments and M-commerce industry providers via our propriety exchange platform hub and the unified payment and messaging system. Impala Pay is an affordable, efficient, economically viable mobile banking, value added services money transfer and payment solution company that delivers high quality services that is a catalyst for wealth creation both for your shareholders and clients.
About First Global: (www.firstglobaldata.com)
First Global is an international financial services technology ("FINTECH") company. The Company's two main lines of business are mobile payments and cross border payments. First Global's proprietary leading edge technology enables the convergence of compliant domestic and cross border payments, shopping, Peer to Peer ("P2P"), Business to Consumer ("B2C"), and Business to Business ("B2B") payments. First Global enables its strategic partners and clients around the world with our leading edge financial services technology platform.
Neither TSX Venture Exchange Inc. ("TSXV") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of the securities offered in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Forward Looking Information:
This news release contains "forward-looking information" within the meaning of applicable securities laws. Although First Global believes in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because First Global can give no assurance that they will prove to be correct. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements. The statements in this press release are made as of the date of this release. First Global undertakes no obligation to comment on analyses, expectations or statements made by third-parties in respect of First Global, its securities, or financial or operating results (as applicable). First Global disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
SOURCE First Global Data Limited
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