Upco International Inc. Announces Launch of Point of Sale (POS) Payments System called Upcopoint
EQS Group
EQS Group3 June 2019, 15:02 CEST
DGAP-News: Upco International Inc. / Key word(s): Miscellaneous
03.06.2019 / 15:02
The issuer is solely responsible for the content of this announcement.
Vancouver, British Columbia--(Newsfile Corp. - June 3, 2019) - Upco International Inc. (CSE: UPCO) (OTCQB: UCCPF) (FSE: U06) ("Upco") is pleased to announce it has launched a new Point of Sale (POS) payments system, called Upcopoint, that will be available across Europe.
Upcopoint is a Point of Sale (POS) payments system that will enable businesses to conduct sales and manage inventory and customer data more efficiently. Key highlights of Upcopoint include:
Upco will soon publish its new website showing all of the new features of the Upco App and Upcopoint. Upco is currently developing the customer onboarding process, following the KYC directive to enable the eWallet functionality in the UpcoPay mobile app.
Upco is excited about rolling out its new POS payments system given the expected global growth in FinTech, especially within mobile payments. According to Statista, in 2018, global transaction volume in the mobile Point of Sale payments space was expected to reach US$391 billion and projected to increase to over US$1.3 trillion by 2022.
Mr. Andrea Pagani, CEO and President of Upco International Inc., commented: "We are extremely pleased with the steady progress that is being made in the development and delivery of our integrated communications and e-commerce solutions. There are a host of exciting opportunities of great benefit to users in this evolving space, and we continue to monitor them closely with a view towards enhancing and extending our innovative FinTech solutions on an ongoing basis. The improvements mentioned in this release attest to Upco's strong and ongoing commitment to user security, privacy and protection from third-party intervention."
To view Upco's latest investor presentation and research reports, please visit our website and go to the Investors section.
About Upco International Inc.
Upco International Inc. is a cloud-based mobile service company which provides high-quality voice termination to a market driven by the growing activity in online communications and commerce. Upco is a licensed Global Telecom Carrier within the international VoIP (voice over IP) wholesale business. Upco has designed a software application for Apple iOS and Android, similar to SKYPE and WhatsApp. With the forthcoming addition of the Upco E-Wallet using Blockchain Payment Services, users will be able to: send invoices, approve payments, transfer international funds, convert international currencies, and track transfers and payments.
www.upcointernational.com
ON BEHALF OF THE BOARD OF DIRECTORS
Andrea Pagani, CEO and Director
office@upcointernational.com
212-461-3676
