MEXICO CITY, MEXICO, Dec. 20, 2017 (GLOBE NEWSWIRE) — Today QPAGOS (OTCQB: QPAG) announced an agreement with AQUI TE PRESTO DE MEXICO, SRL de CV (ATP), a growing Mexican micro lender (small loan company), to deploy QPAGOS self-service kiosks in ATP’s growing branch network.
ATP, with over 24 branches, just deployed the first 3 of a potential 24 QPAGOS kiosks. ATP customers can now make their weekly loan amortizations, as well as payments to over 150 service providers through these kiosks. Topping up their mobile phones, paying their electric, water, gas and telephone bills, as well as paying for state and municipal services, is now much more convenient.
“We believe QPAGOS self-service solutions are ideal to help us grow our customer base, as well as expand our geographic reach for the benefit of our current and future customers,” said Ed Hernandez, Director General of ATP.
Added Gastón Pereira, CEO and President of QPAGOS: “ATP is a leader in the adoption of technology to improve its range of services and the satisfaction of their customers. Adding ATP payments to QPAGOS platform will soon allow ATP to expand their collections footprint through the more than 700 kiosks serviced by QPAGOS across the country. We look forward supporting ATP as it expands into several Mexican states.”
ATP is a Baja California, Mexico-based emerging non-bank financial entity that offers financial services to low income unbanked consumers.
Based in the US, 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 95% of consumer purchases are made in cash. It operates a network of self-service kiosks and applications offering an alternative payment that is more convenient for consumers and offers a more efficient billing platform for service providers. (www.qpagos.com )
SAFE HARBOR STATEMENT
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statement of historical fact contained in this press release are forward-looking statements. In some cases, forward-looking statements can be identified by terminology such as “anticipate,” “believe,” “can,” “continue,” “could,” “estimate, ”expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” or “will” or the negative of these terms or other comparable terminology and include statements regarding the expected contribution of the QPAGOS platform to ATP and its plans to expand to national coverage. These forward-looking statements are based on management’s expectations and assumptions as of the date of the press release and are subject to a number of risks and uncertainties, many of which are difficult to predict, which could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectation include, among others, our ability to assist ATP in growing its customer base and expanding its geographic coverage, our ability to generate revenue streams from user fees, service provider fees, franchisee fees, rental/management fees and advertising fees and the other risks outlined under “Risk Factors” in QPAGOS’ Current Report on Form 8-K dated May 13, 2016 and its other filings with the SEC, including subsequent periodic reports on Forms 10-Q and 8-K. The information in this release is provided only as of the date of this release, and we undertake no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.
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