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Upco (CSE:UPCO) announces final stages of communication app similar to WeChat

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With the new app integrating Upco’s advanced E-Wallet using Blockchain Payment Services, users will be able to send invoices, approve payments, transfer international funds, convert international currencies, and track transfers and payments

Additional Information:

Company: Upco International
Website: http://www.UpcoInternational.com
Stock Symbol: CSE: UPCO
Date Published: Sep 10, 2018
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch Media

Upco International is in the final stages of its highly anticipated release of the Upco branded fully secured communication application that will be available on IOS and the Google play store.

Upco, a cloud-based telecom company, provides wholesale voice over internet protocol (“VoIP”) services for both Apple iOS and Android systems.

In addition to messaging and VoIP services, the company’s new cross-platform smartphone application will offer transaction processing, a service not available with SKYPE or WhatsApp.

Following testing by TestFlight, the Apple beta testing platform, Upco can ensure delivery of a world class app that uses significantly less data than leading competitors.

Andrea Pagani, CEO, stated: "We want to do one thing, which is communicate, and do that very well. WhatsApp has a stronger presence in the Western market. WeChat dominates in China. Our goal is to dominate the European market with a plan for global expansion."

WeChat, China’s messaging app, valued at US$83.6 billion, back in August 2015, reported that monthly active users passed one billion for the first time during this year’s Spring Festival.

With the new app integrating Upco’s advanced E-Wallet using Blockchain Payment Services, users will be able to send invoices, approve payments, transfer international funds, convert international currencies, and track transfers and payments.

This will enable users to transfer funds instantly to family and friends worldwide, at reasonable cost, without worrying about surcharges or any additional charges that might be levied by banks.

The product supports sending and receiving the complete package of media, such as text, photos, videos, documents as well as location and voice calls, with all transactions secured with end-to-end encryption.

Additionally, users' data is not interfered with in any way, nor is personal information collected, other than for regulatory purposes and account management.

Sid Rajeev, Analyst with Fundamental Research, stated: “With the incorporation of blockchain technology into Upco Mobile, we believe that Upco has the potential to be a disruptive offering in the mobile payments processing space.”

The company is in discussions with Emoney plc (www.emoney.com.mt) to support Upco’s monetary
payment and transfer services within Europe.

Emoney issues and acquires electronic money, builds innovative tools for payments and creates networks between the biggest european players, the networks and the points of sale.

The company is currently raising gross proceeds of up to $1,000,000 through a non-brokered private placement of up to 4,550,000 shares priced at $0.22 per share.

The shares are trading at $0.29.

For more information please visit the company’s website www.UpcoInternational.com, contact Andrea Pagani, CEO, at 212-461-3676 or email office@UpcoInternational.com, or contact Jag Sandu, Corporate Development, at 778-218-9638 or email office@UpcoSystems.com.

I’m Samantha Deutscher for Investmentpitch Media