SAN DIEGO, Dec. 20, 2017 (GLOBE NEWSWIRE) -- Global Payout, Inc. (OTCPink:GOHE) ("Global, the Company") is pleased to announce it is planning the launch of a new subsidiary in early 2018 that will offer supply chain finance solutions for the logistics industry. The solution suite utilizes a single client interface for making domestic and international payments with foreign exchange options, and streamline working capital financing through leveraging accounts receivable.
In the U.S. alone, freight and logistics is an annual $1.5 trillion industry which continues to experience significant growth as the U.S. becomes increasingly dependent on the international supply chain for its goods and services. However, many existing freight and logistics software systems are struggling to keep up with this growth which has made it increasingly challenging for many enterprises operating within these industries to effectively manage and control security-related processes and procedures.
In recognizing these challenges, Global has devoted considerable effort throughout 2017 to leverage its expertise in blockchain technology and payments. These solutions which will be integrated into their Global Reserve Platform to deliver a more efficient and cost-effective process for many of these enterprises to finance manage their logistics supply chain.
Said Global Payout, Inc. President, William Rochfort: "Global Payout has continuously strived to be at the forefront of leveraging the most advanced technology available. We are developing the most effective and innovative solutions for the customers we serve. Blockchain technology has the potential to lead a major shift in the systems that are used to manage every process that is involved with managing the logistics supply chain. By spinning-out a subsidiary whose sole focus will be on advancing the development of a secure and highly-efficient blockchain system, I am confident we will be able to deliver an intuitive logistics network that will contribute to revolutionizing the entire industry."
In the coming weeks, the Company intends to assemble an experienced and talented team with executive supply chain management and finance experience to manage the planned subsidiary.
About Global Payout, Inc. (OTC Pink:GOHE)
Since the Company's inception in 2009, Global Payout, Inc. has been a leading provider of comprehensive and customized prepaid payment solutions for domestic and international organizations distributing money worldwide. In 2014, Global introduced its first online payment platform called the Consolidated Payment Gateway (CPG), which allowed its enterprise clients to transfer money to international bank accounts, mobile accounts, and prepaid card accounts. The development of the CPG became the foundation for the introduction of its new, state of the art FINTECH payment system in 2017, for both online and mobile applications to allow account holders to maximize an expanded suite of financial services and minimize operational costs. Global will continue to offer their FINTECH payment system to many vertical markets for support of foreign currency exchange and digital currency, including ongoing support of the banking industry and international governments.
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