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Upco International Continues Development of UpcoPay eWallet Solution to Address Multi Trillion Dollar Digital Payment Industry

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UpcoPay is an advanced eWallet system comprising a front-end app and robust back-end software to manage transaction tracking, reporting and a full range of other functions.

Additional Information:

Company: Upco International
Website: http://www.UpcoInternational.com
Stock Symbol: CSE: UPCO
Date Published: Feb 27, 2019
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch Media

Upco International, a cloud-based global telecom carrier, announced the continuing development of UpcoPay, its innovative, highly secure and convenient eWallet solution addressing the multi trillion dollar digital payment industry.

UpcoPay is an advanced eWallet system comprising a front-end app and robust back-end software to manage transaction tracking, reporting and a full range of other functions.

This solution is based on live transaction processing through integration with Upco's banking partner, eMoney plc.

eMoney integration will extend the reach of the Upco App across Europe for Debit and Credit transactions and ensure full compliance with relevant regulatory frameworks within the European banking community.

eMoney will handle user onboarding within existent regulatory frameworks, and support transaction processing internally, and in and out of UpcoPay.

Upco anticipates having UpcoPay live by mid April, allowing Upco users in Europe and Canada to use UpcoPay to send and receive money easily, securely and anonymously.

This service will be expanded into other jurisdictions over time.

Upco has signed its first agreement with SixthContinent Inc., the largest international platform for shopping cards with a network of more than 3000 leading brands including Amazon, Walmart, Starbucks and Macys, and a community of 400,000 users.

This integration will provide cost-effective support for shopping card purchases via the SixthContinent platform, benefiting users while also generating income for Upco through service and transaction fees.

The design of the SixthContinent solution is proceeding in parallel with eMoney integration, and within the same general timeframe for go-live.

Andrea Pagani, President and CEO, stated: "The digital commerce market place is growing tremendously. PayPal (www.paypal.com) CEO has stated that the digital payments industry may become a $100 trillion market as the financial technology sector continues to grow rapidly. We want to position Upco as a major player in this space."

According to Statista, in 2019 the estimated total transaction value in the digital payments segment will amount to US$3.9 Trillion and is expected to grow at a compounded annual growth rate of 13.2%, reaching an estimated US$5.7 Trillion by 2022.

Upco shares are trading at $0.105.

For more information please visit the company’s websites www.UpcoInternational.com and www.UpcoMobile.com or contact Andrea Pagani, CEO, at 212-461-3676 or email office@UpcoInternational.com.

For Investor Relations contact Trent Collett at 778-808-1175 or by email at trent.collett@gmail.com.

I’m Samantha Deutscher for Investmentpitch Media