MONTREAL, Nov. 19, 2013 /CNW Telbec/ - Hybrid PayTech World Inc. (CNSX:HPT) (OTC:FPOTF) is pleased to announce its subsidiary Hybrid PayTech Asia, Inc. has signed a Memorandum of Understanding with INFOMAX Systems Solutions & Services Co., Ltd., to partner and jointly deploy EMV MPOS for Credit & Debit in Bangkok, Thailand. The agreement between the companies will further address the needs of banks enabling their merchants requiring a global payment environment that will make possible mobile check out, hospitality, field services, line busting and delivery services. "We look forward to working with INFOMAX to deliver a total mobile strategy to Thailand's Banks, Telco's and their clients expanding the HybridVirtuo, HybridConnect & HybridMPOS solutions." said Gary Repchuk, Director of Hybrid PayTech Asia, Inc.
In addition the Multi-OS Hybrid Connect solution also delivers a much needed solution for ISV, ERP and & ECR channels of business which currently do not have a certified solution to adopt that meets EMV requirements and offers a variety of interoperability options for scalability.
About Bangkok, Thailand
Bangkok is the cultural, economic and political capital of Thailand. Many visitors in Bangkok are overwhelmed by the sheer size of the city and the vast number of attractions it has to offer spanning for more than two centuries of rapid development following the city's founding in 1782. Today, Bangkok is considered a transport hub and a popular travel destination in Asia.
Approximately 7 million of the country's total population lives in Bangkok. The population of Thailand is roughly 65 million and has key cities like Bangkok, Chiang Mai and Phuket.
Main Industries: tourism, textiles and garments, agricultural processing, beverages, tobacco, cement, light manufacturing such as jewelry and electric appliances, computers and parts, integrated circuits, furniture, plastics, automobiles and automotive parts; world's second-largest tungsten producer and third-largest tin producer.
About INFOMAX SYSTEMS SOLUTIONS & Services Co, Ltd
INFOMAX is a payment software and services solution provider in Thailand. They help financial industry clients in building cost effective payment systems. www.infomax.co.th
About Hybrid PayTech World Inc. (CNSX:HPT) (OTC:FPOTF)
Hybrid PayTech World Inc. Develops an Enterprise Ready Mobile Payment Platform for the leading OS's (IOS, Android, BB and Windows 6,7,8). The Corporation's holding, First Equity Strategy LLC, markets itself with the DBA: Hybrid Paytech. Visit www.hybridpaytech.com and click on our corporate video presentation www.youtube.com/watch?v=XvZHrck2eag&feature=youtu.be
HybridPaytech based in Montreal, Canada, is a technology leader in the mobile payment space for EMV& MSR credit and debit acceptance. With a global footprint, Hybrid is an enabler of easily-deployable payment systems focusing on authentication, approved security and quick merchant adoption in Fleet, Delivery, Logistics and Retail. For more information on Hybrid PayTech, please visit www.hybridpaytech.com or www.hybridpos.com
The Canadian National Stock Exchange (CNSX) has not reviewed this news release and does not accept responsibility for its adequacy or accuracy. This news release does not constitute a solicitation to buy or sell any securities in the United States.
SOURCE: Hybrid PayTech World Inc.
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SOURCE Hybrid PayTech World Inc. (formerly Freeport Capital Inc.)