- Clip Money (CLIP) has announced a strategic collaboration with Simon to set up a network of ClipDrops in malls and large retailers
- ClipDrops are free-standing, secure, self-service boxes where retail customers can quickly and safely deposit cash and coin
- Simon is the global leader in retail real estate development
- Clip Money is a financial technology company which provides innovative business solutions
- Clip Money Inc. (CLIP) is up 30.00 per cent, trading at C$0.65 per share at 2:14 pm ET
Clip Money (CLIP) has announced a strategic collaboration with Simon to set up a network of ClipDrops in malls and large retailers.
ClipDrops are free-standing, secure, self-service boxes where retail customers can quickly and safely deposit cash and coin.
Clip is currently located in 130 Simon centers, with additional units to be installed this year. Simon is the global leader in retail real estate development. It owns premier shopping, dining, entertainment and mixed-use destinations.
Joseph Arrage, founder and CEO of Clip, commented on the announcement.
“Retailer businesses are the heartbeat of today’s economy. Providing access to convenient, affordable, and accessible financial solutions that simplify cash transactions is an absolute imperative.”
Clip Money is a financial technology company which provides innovative business solutions. It operates a multi-bank self-service deposit system for businesses through its ClipDrop Boxes.
It gives users the capability of making deposits outside of their bank branch at top retailers and shopping malls. The company combines functional hardware, intuitive packaging, and an innovative cloud-based transaction engine that maximizes business banking transactions.
Clip Money Inc. (CLIP) is up 30.00 per cent, trading at C$0.65 per share at 2:14 pm ET.
