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TSX Venture Exchange: FGD
Frankfurt Stock Exchange: 1G5
TORONTO, March 30, 2017 /CNW/ - First Global Data ("First Global" or the "Company") is pleased to announce that it has entered into a strategic partnership agreement with TelKash UK Ltd and Telkash Americas Group NZ. Ltd. ("Telkash").
First Global will enable Telkash to offer its own branded money remittance and payments services using the First Global technology platform including its mobile wallet. The Company will also enable Telkash to leverage its Money Service licenses in the USA, Canada, and other countries internationally.
Telkash will provide First Global with access to:
- More than 50,000 pay-in/pay-out locations across the UK
- Over 16,000 pay-in locations for mobile wallet loading and bill payment services in Canada
- More than 8,000 pay-in and pay-out sites in the Philippines
- 10,000 Payout sites, all 36 banks, 16,000 ATM's and 3 Telcos in Vietnam
Telkash will also be integrating services in Africa, Dominican Republic, Panama, Bolivia, Peru, Australia, India, Hong Kong, China, USA, Belgium, Germany, Switzerland and Netherlands and First Global will have access to all of these geographic networks.
Lawrence Chan, CEO of Telkash Americas Group, comments: "We are pleased to partner with First Global and their bleeding edge end to end payment/remittance ecosystem that enables us to exponentially maximize revenue opportunities given our massive global distribution footprint."
"This is an incredible partnership in that First Global will enable Telkash with our leading edge compliant cross border payments technology and service capabilities. We will overlay our technology with the TelKash global distribution network for mobile payments, loading and payouts. Accessing the Telkash network will accelerate our global deployment strategy and drive significant revenues for both companies." said Andre Itwaru, Chairman and CEO of First Global
About First Global:
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.
About TelKash Americas Group: TellKash.com
TelKash Americas Group S.A is a privately owned company registered in Panama with an Innovative Technology with several strong key Partnerships to ensure a far more comprehensive platform offering. The Group currently holds a portfolio of Companies across Europe, Asia, Central & LatinAmerica. Our Team comprises of dynamic and highly-accomplished Engineers, Bankers, Technology Entrepreneurs and Marketing Executives with outstanding record of success in providing Mobile Financial Technology solution development, and management to both Financial Institutions, Companies and Governments. We have renowned expertise in developing and implementing technological solutions in a broad spectrum of industries – Information Technology, Communications, Healthcare, Banking, Manufacturing, Engineering, Retail, etc.
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
For further information: Andre Itwaru, Chairman and Chief Executive Officer, t: (416) 504-3813, e: [email protected]