TORONTO, May 09, 2017 (GLOBE NEWSWIRE) -- SelectCore Ltd. (“SelectCore” or the “Company”) (TSX-V:SCG), a newly established Fintech company is pleased to advise that with the recent definitive JV signed with First Global Data Limited (TSX-V:FGD), it will be incorporating a Fintech solution that will provide all of its cardholders with enhanced capabilities to include payments and remittances via their mobile phones. Remittances services will be available in up to 90 countries.
This secure fully compliant solution is powered by First Global Data and it will generate new income streams and enable us to aggregate users globally.
Mohammad Abuleil comments, "The recent definitive JV done with FGD will put us on a multi recurring revenue Fintech pathway. In addition to our high margin prepaid card model, we will be compounding the profitability of our business model to a greater degree with the augmentation of additional Fintech offerings. We also intend to extrapolate the Fintech offerings to all of the current deals in the pipeline".
About SelectCore
Established in 1999, SelectCore is a leading prepaid financial services provider. From prepaid mobile top-up to stored-value cards and remittance solutions, SelectCore services a market of millions of under-banked consumers through its technology platforms and extensive retail distribution network. SelectCore is a publicly traded company listed on the TSX Venture Exchange under the symbol “SCG” (TSX-V:SCG). SelectCore was ranked by Profit100 as one of Canada's fastest-growing companies in 2006, 2007, 2009 and 2010. SelectCore was also ranked one of North America’s fastest growing companies on Deloitte’s 2011 Technology Fast 500.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release contains forward-looking statements based on assumptions, uncertainties and management's best estimates of future events. Actual results may differ materially from those currently anticipated. Investors are cautioned that such forward-looking statements involve risks and uncertainties. Important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements are detailed from time to time in the Company's periodic reports filed with the Ontario Securities Commission and other regulatory authorities. The Company has no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.