Zoompass Announces Board and Management Changes as it Looks Forward to Canadian Public Listing

VANCOUVER, BC / ACCESSWIRE / January 24, 2022 / Zoompass Holdings Inc. (Formerly OTCQB:ZPAS- Exempt) (the "Company" or "Zoompass") a leading developer of blockchain and payments technology platforms. The Company is pleased to announce the addition of several new board members and additional management changes as it continues on its path to a Canadian public listing over the next several months.

As the company continues with its plans to go public on a recognized Canadian exchange over the next few months, the company has decided to increase the independence and diversity of its board of directors and reorganize its management group.

Zoompass is pleased to formally announced that Kris Partiban, Jerry Parmar and Robert McGowan will be join the company's board of directors effective February 1, 2022. In addition, the Company's current CEO and board member Manny Bettencourt will be stepping down from his roles as corporate director and CEO effective Jan 31, 2022, to pursue other opportunities.

The Company is pleased to announce that its current COO Mr. Bharat Vivek has been appointed Interim CEO effective January 31, 2022 and will split his time between Canada and his continued responsibilities in India.

Mr. Bettencourt has agreed to remain a strategic advisor to the Board of Directors and company management. "The company thanks Mr. Bettencourt for his leadership and for all his hard work in helping to turn the business around and setting it on its current course for future successes." Mr. Steve Roberts, Chairman of the Board of Zoompass.

A summary biography of the new management and board members follows:

Bharat Vivek - Interim Chief Executive Officer (Interim CEO)

Mr. Vivek has been Zoompass COO since the acquisition of Blockgration Global Corp and its subsidiaries in 2020. Mr. Vivek is an accomplished business leader and entrepreneur with more than 15 years of experience in the financial services, payment, retail, healthcare, telecom, energy and utilities sectors. He has successfully managed and led engagements in strategy, finance, operations, and technology, both in North America and internationally.

Mr. Vivek has demonstrated strong leadership abilities across various roles including leading key strategic deals while working at PwC Canada. He also serves as the CEO of Moxie Holdings Private Ltd., which manages technology focused companies in various sectors.

Mr. Vivek earned his Master of Business Administration from York University, Schulich School of Business in Toronto.

Robert S McGowan

Mr. Robert McGowan is COO and founding member of Rockwood Digital Assets, Inc. (RDA) and has over 20 years' experience in the development of disruptive banking, payment, and compliance platforms, with significant experience in systems development, finance, insurance, marketing, and global business consulting. Mr. McGowan has a vast number of international contacts and has worked extensively with private and world body organizations to develop solution to complex payment and compliance issues.