Japanese Yen, Singapore Dollar, Thai Baht and Turkish Lira added to Midpoint's peer-to-peer exchange platform
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TORONTO, April 23, 2015 /CNW/ - Midpoint Holdings Ltd. ("Midpoint") (TSXV: MPT) (FSE:8MH) is pleased to announce that it has added four new currencies to its peer-to-peer cross currency international payments platform which matches its customers at the midpoint of the interbank bid and offer rates.
Japanese Yen (JPY), Singaporean Dollar (SGD), Thai Baht (THB) and Turkish Lira (TRY) have been added to the existing service offering of: Canadian Dollar (CAD), US Dollar (USD), Euro (EUR), British Pound (GBP), Swiss Franc (CHF), Danish Krone (DKK), Norwegian Krone (NOK), Swedish Krona (SEK) Australian Dollar (AUD), New Zealand Dollar (NZD), United Arab Emirates Dirham (AED) Polish Zloty (PLN) and Hong Kong Dollar (HKD).
John Booth, Chairman & CEO of Midpoint, commented,
"We are pleased to add the four new currencies to our platform. The growing adoption of our peer-to-peer marketplace and our increasing customer needs has driven this. The Middle East, Asia and Turkey are key markets for international money transfers. We look forward to facilitating peer-to-peer transactions at the mid-market rate that will provide efficient and transparent costs to cross border payments in these regions, allowing more consumers and businesses to save money. We are continually looking for new opportunities and anticipate launching additional currencies soon."
Neither the 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 and has neither approved nor disapproved of the contents of this press release.
This news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "would", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing Midpoint and its business and affairs, readers should refer to Midpoint's Management's Discussion and Analysis. Midpoint undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.
SOURCE Midpoint Holdings Ltd.
For further information: Midpoint Holdings Ltd.: The Exchange Tower, 130 King Street West, Suite 3680, Toronto, ON M5X 1B1, www.midpoint.com; John G. Booth, Chairman & CEO, +44 (020) 7448 3082; Marc Henderson, Director, +1 (416) 214 9910