Thursday, June 21, 2018

QPAGOS (QPAG) and DPW Holdings, Inc. (NYSE: DPW) Enter Joint Venture of Digital Payment Services

  • Anticipated network of 1,000 self-service digital payment kiosks in California
  • Cross-border payment solution between the U.S. and Latin America
  • A joint venture of cutting-edge digital payment solutions and strategic leadership in growth finance strategy
QPAGOS (OTCQB: QPAG), a U.S.-based provider of digital payment services in Mexico, and DPW Holdings, Inc. (NYSE American: DPW), a diversified holding company, have agreed to establish a joint venture to launch a network of 1,000 self-service digital payment kiosks in California (http://nnw.fm/1jK5h). This joint venture is contingent upon expected operating, credit facility and supply agreements with Innovative e-Payment Solutions, LLC on or before July 1, 2018. Innovative e-Payment Solutions will work to leverage QPAGOS’s digital payment solutions with DPW’s strategic leadership to maximize this joint venture’s growth potential.
These cutting-edge digital payment kiosks will feature consumer payment to an anticipated library of over 10,000. These kiosks are an innovative cross-border payment solution between the U.S. and Latin America that will provide solutions between consumers and participating vendors, utilities and service providers, actively accepting both domestic and international payments. It is anticipated that these kiosks will provide access to mobile top up service, money transfers, cryptocurrency purchases and payments and micro lending transactions.
QPAGOS is already recognized as the leading kiosk self-service payment solution in Mexico and other countries and is excited by this new joint venture to enter the U.S. market. The U.S. is primed for growth and innovation of digital payment options, making this an optimal time to enter the market.
In a news release, Gaston Pereira, CEO of QPAGOS, stated, “We are thrilled to have been chosen by DPW Holdings, Inc. as their strategic technology partner in this endeavor. Our technology, successfully deployed in Mexico and a dozen of other countries, should provide Innovative e-Payment Solutions with a unique competitive advantage, allowing it to cater to specific consumer needs for both domestic and cross-border payments.”
DPW Holdings, Inc. is a diversified holding company with a growth strategy of acquiring undervalued assets, disruptive technologies, sustainable solutions and exciting ventures for incubation and development to their full potential for long-term growth and investor returns. The company has a profound understanding of growth finance strategy and a 20-year track record of activist investment.
For more information, visit the company’s website at www.DPWHoldings.com
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