Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Steve Marshall, RevoluGROUP Canada (REVO) CEO, sat down with Sabrina Cuthbert to discuss the company’s international expansion efforts
  • RevoluTRANSFER has added 27 countries to its coverage, bringing the total to 103
  • RevoluSEND has grown its coverage from 120 to 133 countries
  • The company has also added SEPA Instant functionality, enabling instant transfers in Euros or local currencies to SEPA’s 36 member-states
  • RevoluGROUP Canada deploys advanced technologies in banking, mobile apps, money remittance, cross-border forex payments and blockchain systems, among others
  • RevoluGROUP Canada (REVO) opened with a gain of 4.23 per cent, trading at $0.37 per share

Steve Marshall, RevoluGROUP Canada (REVO) CEO, sat down with Sabrina Cuthbert to discuss the company’s international expansion efforts.

RevoluTRANSFER 

On August 22, 2022, the company launched RevoluTRANSFER, facilitating instant worldwide transfers to 76 countries of up to 3 million Euros or the foreign currency equivalent.

RevoluGROUP today adds 27 countries to that total, including Kazakhstan, Argentina, Australia, Chile, Cameroon, Colombia, Cape Verde, Guadeloupe, French Guiana, Hong Kong, India, Japan, South Korea, Mexico, Mali, Mozambique, Martinique, Malaysia, New Caledonia, New Zealand, Peru, Reunion, Senegal, Singapore, Saint Pierre & Miquelon, Thailand and Uruguay.

RevoluSEND 

RevoluSEND’s coverage has also increased from 120 to 133 countries, with new additions for the remittance app including India, Angola, Cameroon, Cape Verde, Guadeloupe, French Guiana, Japan, Mali, Mozambique, Martinique, New Caledonia, New Zealand and Saint Pierre & Miquelon.

SEPA Instant launch

In September 2020, RevoluGROUP’s wholly-owned banking subsidiary, RevoluPAY EP S.L., was granted the Central Bank PSD2 banking addendum of passporting approval from all EU member countries by the European Banking Authority.

Today, the company expands its Pan-European SEPA (Single Euro Payments Area) functionality with SEPA Instant, facilitating instant transfers in Euros or local currencies every day of the year to SEPA’s 36 member-states.

Equity investment

The company continues to work towards a value-enhancing conclusion to the potential equity acquisition by a European financially regulated entity allied to a UAE-based financial consultancy firm. Management will ensure that shareholders remain closely informed.

RevoluGROUP Canada deploys advanced technologies in banking, mobile apps, money remittance, cross-border forex payments and blockchain systems, among others.

RevoluGROUP Canada (REVO) opened with a gain of 4.23 per cent, trading at $0.37 per share.


More From The Market Herald

National Bank and BMO add to mixed bag of big bank Q4 results

The final two of Canada’s big six banks have reported their Q4 2023 financial performances, adding to the overall mixed bag of results.

Canada’s big banks post mixed Q4 2023 revenue results

Canadian banks have been reporting their Q4 2023 financial results this week and so far, it has been a mixed bag.