RevoluGROUP Canada Inc. Announces White Label Partnership with MONECO France

Vancouver, BC, March 26, 2024 (GLOBE NEWSWIRE) -- RevoluGROUP Canada Inc. (TSX-V: REVO), (Frankfurt: IJA2), (Munich: A2PU92) (the "RevoluGROUP” or the “Company”) is pleased to announce a strategic White-Label Agreement with the French payment services provider MONECO France (“MONECO” or “MONECO.app”). The white-Label agreement (signed on March 23^rd, 2024), focuses on the white-label use of RevoluSEND services through seamless API integration, marking a significant step towards enhancing global payment solutions for Africans living in Europe and the $6b+ remittances sent to French speaking countries in Africa (Source: KNOMAD/World Bank Bilateral Remittance Matrix 2021, December 2022.)

Under the white-label agreement with MONECO, RevoluPAY is set to offer a comprehensive range of services through its RevoluSEND platform. This partnership enables MONECO to provide its clientele with cutting-edge payment and money transfer services, all while retaining the MONECO brand identity, powered by the technological and infrastructural prowess of RevoluPAY's extensive network. Additionally, the agreement encompasses support for various operational necessities, including transaction monitoring, adherence to compliance standards, and technological maintenance, showcasing a united front towards achieving operational efficiency and strict regulatory compliance.

Alfredo Manresa, Director of RevoluGROUP and General Manager of RevoluPAY, expressed his enthusiasm about the partnership, stating, "This alliance with MONECO represents a significant milestone in our commitment to expanding financial inclusivity across the globe. Leveraging our licensed technology, we are thrilled to enable MONECO to offer their customers a seamless payment solution, underscoring our directive to innovate and meet the dynamic needs of today's consumers."

The white label agreement outlines a structure for technological integration, compliance adherence, transaction monitoring, and support, ensuring that MONECO's clients enjoy a secure and efficient platform for their financial transactions. This initiative further underscores RevoluGROUP's strategic expansion and dedication to fostering partnerships that enhance payment solutions on a global scale.

About MONECO

Drawing from our diverse team backgrounds, MONECO keenly appreciates the financial challenges shared by those in French-speaking Africa and individuals affected by migration. Our personal experiences stretch from deep roots in the African continent to life transitions toward Europe, encapsulating the diaspora's narrative. This mixture of life stories drives our mission to provide critical financial bridges between Europe and Africa.