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TORONTO, June 11, 2015 /CNW/ - Midpoint Holdings Ltd. ("Midpoint") (TSXV: MPT) (FSE:8MH), the world's first authentic peer-to-peer ('P2P') international foreign currency and payments platform, is pleased to announce that it has won the award for "Best P2P Currency Matching Platform" at the 2015 Acquisition International Business Excellence Awards.
The Midpoint platform provides its customers with access to multi-party, multi-currency transactions and removes the impact of currency rate spreads, as well as the hidden costs and fees imposed by traditional banks and brokers, saving its customers money. The Business Excellence Awards recognises the ingenuity and hard work of the Midpoint team over the past 12 months and seeks to highlight and celebrate the outstanding performance and results achieved by some of the industry's leading lights in a competitive market.
John Booth, Chairman and CEO of Midpoint, said: "This is our second award in three months and one we are very proud to have won. As the first truly authentic international peer-to-peer payments platform, winning this award is very gratifying for us. There is growing recognition, including from major organisations such as Goldman Sachs, that international B2B payments represents a major market opportunity for disruptive financial technology providers, so having Midpoint's multi-party, multi-currency P2P matching platform singled out as being at the forefront of the industry is very important."
Speaking about the winners, Awards Coordinator, Nathan Angell, said: "Midpoint's success is testament to the amazing work they put in to achieve great results for their clients while really setting the standards for what can be achieved in their sector."
Notes to Editors
Headquartered in London, Midpoint is an FCA authorized payments institution with the world's first authentic peer-to-peer ('P2P') foreign exchange marketplace. SMEs, overseas professionals, property owners, foreign students, individuals and anyone involved in international payments, use Midpoint's US patent protected platform for transparent, multi-party, multi-currency services.
Midpoint is currently handling transactions in 17 countries with the ability to collect and transfer across 69 countries. This highly secure platform provides customers with the most cost-effective FX at the midpoint of the interbank buy/sell rate therefore removing the spread as well as hidden costs and fees.
Midpoint Holdings Limited is listed on the TSX Venture Exchange (Toronto) and cross-listed on the Frankfurt Stock Exchange.
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 and CEO, +44 (020) 7448 3082; Marc Henderson, Director, +1 (416) 214 9910