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Positive Reception in China for First Global's FINTECH Solutions
Feb. 09, 2017 08:50AM PST
Fintech InvestingFirst Global Data (TSXV:FGD) has met with a number of select high-profile Chinese companies with a financial technology association and has had significant interest from some of China’s most recognized enterprise brands. However, due to confidentiality reasons cannot announce the MOU’s nor the signed NDA’s that enable the initiation of open technical dialogue with respect to the …
First Global Data (TSXV:FGD) has met with a number of select high-profile Chinese companies with a financial technology association and has had significant interest from some of China’s most recognized enterprise brands. However, due to confidentiality reasons cannot announce the MOU’s nor the signed NDA’s that enable the initiation of open technical dialogue with respect to the company’s award-winning Payqwik app and First Global’s cross-border payment solutions.
As quoted in the press release:
On this initial foray into the world’s largest FINTECH arena we have discovered our cross border solutions add relevancy and accretive revenue value to certain Chinese enterprises with user bases in excess of 100 million.
It is our intent to capitalize and fully leverage our compliant and licensed cross border payment solution to exploit the Chinese remittance market which is second only to India on a global scale.