First Global Signs Deal in China With Global Supply Chain B2B Platform

First Global Data (TSXV:FGD) has entered into an agreement to provide business to business cross border payment services for China based eGTCP.com, a mini Alibaba, a leading B2B e-Commerce Integrated Service Platform for Global Trade Supply Chain, owned and operated by the Great Tao E-Commerce Holdings Co. eGTCP is a brokerage platform that connects vendors of a variety of goods across China to purchasers around the world; their comprehensive product package is called “Gate to China”.
As quoted in the press release:

2016 was a year of significant growth for eGTCP having established a base of more than 15,000 vendors.
“eGTCP is a key strategic partner for First Global. They are a fast moving company focused on extending their reach to business purchasers around the world. Our global reach, strategic partnership model and compliant international payments capabilities enables us to add value and drive new revenues from the B2B market segment. This is new frontier for First Global and we believe that the B2B market will generate significant revenues for the Company in the future”, said Nayeem Alli, First Global’s CFO.

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