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Sunday, 07/17/2016 5:46:23 PM

Sunday, July 17, 2016 5:46:23 PM

Post# of 69
MPAY MUST READ EXCERPTS FROM THE LATEST FILING!

During the second quarter of 2016 Mobetize entered into a development agreement with a financial
institution in Canada to explore the potential expansion of Mobetize Hub to deliver digitized/mobile
lending capabilities in compliance with and supported by the bank regulatory framework. The successful
development of such a platform could significantly disrupt the traditional lending model for financial
institutions. Work is presently underway to advance this project.
During the second quarter of 2016, Mobetize also signed a letter of intent with another financial
institution in Canada, which maintains an ATM Network comprised of more than one hundred and fifty
banks that could potentially integrate our Mobetize Hub into their bank client ecosystem. The purpose of
these discussions is the next step in our vision to become a leading technology company resolute on the
convergence of telecom and financial services. For example, imagine for a moment, a mobile lending
service delivered by a bank integrated to our MFS Hub. Banks could offer their mobile lending services
directly to telecom customers. Mobetize Hub could b DRA e FT the central platform connecting the respective
parties and clearing the related transactions. The eventual transformation of a mobile lending service
could extend to include consumer products, insurance, mortgages, and much more. A technology
transformation of this magnitude would represent a huge disruption to traditional retail banking. Should
we proceed to an agreement in this instance, the successful integration of our Hub with the bank’s ATM
Network would be an industry first move that would impact millions of bank customers.


http://ih.advfn.com/p.php?pid=nmona&article=71961411
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