OZANK Joins Forces with RevoluGROUP to Enhance Global Payment Infrastructure

Vancouver, BC and Barcelona, Spain, April 11, 2024 (GLOBE NEWSWIRE) -- RevoluPAY EP S.L. (“RevoluPAY”), a wholly owned subsidiary of 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 German payment services provider OZANK GmbH (“OZANK”). The white-Label agreement (signed on April 11^th, 2024) focuses on the use of RevoluSEND services through seamless API integration to enable OZANK to expand its transaction network to include countries like India, North America and Mexico, China, Philippines, Indonesia, Singapore. Malaysia. UAE and Turkey. The agreement marks a significant step towards enhancing global payment solutions to these markets where German annual remittances are estimated to be over $2.8B (Source: KNOMAD/World Bank Bilateral Remittance Matrix 2021, December 2022.)

Under the white-label agreement with OZANK, RevoluPAY is set to offer a comprehensive range of services through its RevoluSEND platform. This partnership enables OZANK to provide its clientele, including retail users, individuals, small businesses, and freelancers. By integrating RevoluPAY's APIs, OZANK will significantly enhance its capability to process international money remittances and diversify its B2B and B2C marketplace offerings while retaining the OZANK 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, said, “I am thrilled about the collaboration with OZANK and our innovative Payment-as-a-Service solutions. This partnership underscores our commitment to delivering cutting-edge financial technology that empowers businesses and individuals worldwide.”

The white label agreement outlines a structure for technological integration, compliance adherence, transaction monitoring, and support, ensuring that OZANK's clients enjoy a secure and efficient platform for their financial transactions. With remittances estimated to have reached $630 billion in 2022 (World Bank Group, May 2022), this initiative further underscores RevoluGROUP's strategic expansion as a global settlement provider with the tools and expertise to allow organisations to grow and enhance payment solutions on a global scale.