$WEYL News -Weyland Tech Announces Launch of Mobile Wallet AtozPay
Hong Kong -- December 12, 2017 -- InvestorsHub NewsWire -- Weyland Tech, Inc. (OTCQX: WEYL) ("Weyland" or "Company"), a provider of mobile business applications, announced today that its upcoming mobile wallet AtozPay has entered beta.
“I am thrilled to congratulate the team we recently brought on to develop AtozPay on reaching this important milestone. We have reached the point where the application itself has entered beta and the marketing team has begun reaching out to customers in the marketplace. Having seen what this team has been able to do with AtozPay in a few months, I understand how they were able to generate $100 million in top-up revenue on their previous project in just 14 months. Our internal projections indicate Weyland Tech will reach similar milestones with AtozPay,” said Weyland Tech CEO, Brent Suen.
“Weyland is fortunate to be able to bring on this skilled team as a complete group. Their experience will allow us to move through the beta quickly and proceed from this soft launch to fully live in short order,” added Weyland’s Director of Capital Markets, John MacNeil.
While the AtozPay team has focused on app development, management has been working diligently to lay the corporate infrastructure to begin formal operations.
“Shareholders frequently ask why we are starting AtozPay in Asia generally, and Indonesia in particular. I always recommend they look into where Apple has entered the market with ApplePay, Alphabet has launched Android Pay, and Samsung has focused with Samsung Pay. The fact is emerging Asia is currently underrepresented,” noted Mr. Suen.
Matthew Brent, Head of Strategic Development, observed, “Indonesia is the 4th most populous country in the world and is served by none of them. In our view, it’s a wide open market to establish revenue and market share among a young mobile savvy population. Our QR code based wallet is the right technology for this marketplace.”
Weyland Tech looks forward to providing additional updates as progress on our mobile wallet and other initiatives continues.
