QPAGOS (OTCQB: QPAG), a U.S.-based provider of digital payment services in Mexico, recently announced its entrance into the U.S. market via an executed agreement to establish a new joint venture (“JV”) with DPW Holdings, Inc. (NYSE: DPW). The JV is intended to launch a network of 1,000 self-service kiosks starting in California over the next 12 months. Additionally, the companies are expected to enter into an operating agreement, related credit facility agreement and supply agreement on or prior to July 1st, 2018. The new venture, named Innovative e-Payment Solutions, LLC, is anticipated to reach its full growth potential by leveraging QPAGOS’ trailblazing digital payment solutions for consumers and service providers in combination with DPW Holding’s experience in identifying and supporting disruptive technologies. “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,” QPAGOS CEO Gaston Pereira stated in the news release.
To view the full press release, visit http://ccw.fm/qYMT0
United States based QPAGOS offers cutting edge digital payment services for consumers and service providers in Mexico where 60% of the adult population does not have a bank account and where 95% of consumer purchases are made in cash. It operates a network of self-service kiosks and applications offering alternative payment more convenient for consumers and a more efficient billing platform for service providers. For more information, visit the company’s website at www.QPAGOS.com.
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