Friday, January 28, 2011 7:48:43 PM
Here is what I put together from corresponding with principals at the company
The three products being rolled out by RTG Payments using the iPayu tech don't need authorization from any government bodies. The statement on the old website does not apply. This referred specifically to using the system as an e-money application which is in the business development pipeline for the future, but not something that RTGV needs or wants to do right now.
The first product, which will be called Accounts iPayu, is in the final testing and is due to launch any day now as pr'd. The company held a series of meetings in LA over the past few days and presented the product.
Disclaimer: My posts are IMO, I am not a Professional analyst Do your own DD before investing/trading . My opinion is subject to change quickly depending on market conditions or other considerations!
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