Mr. Andre Itwaru reports
VPAYQWIK MOBILE PAYMENTS ACCEPTED AT RETAIL OUTLETS ACROSS INDIA
First Global Data Ltd.'s Vpayqwik service, launched in partnership with Vijaya Bank, is now accepted nationally across India at all retail locations.
The Indian government has launched the Bharat QR code national payment strategy which is the world's first interoperable payment acceptance solution. It is part of the Indian government's continuing strategy to move toward a less-cash economy.
Vpayqwik is one of a select few mobile wallets in India that currently has access to this platform and Vpayqwik will now be accepted at retail locations right across India.
Andre Itwaru, First Global's chairman and chief executive officer, commented:
"This is a transformational milestone and is an indicator of the global movement toward mobile payments. Our Vpayqwik mobile payment service will now enjoy full retail geographical coverage in India. It is gratifying to know that our strategy is on the mark and we are well positioned as more sovereign nations move toward demonetization and electronic payments. We believe that our fintech solutions will pave the way to democratize mobile payments both domestically and cross-border."
About First Global Data Ltd.
First Global is an international financial services technology company. The company's two main lines of business are mobile payments and cross-border payments.
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