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or Name
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First Global Data Ltd
Symbol FGD
Shares Issued 178,631,442
Close 2017-03-29 C$ 0.88
Market Cap C$ 157,195,669
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First Global to provide payment services to Telkash

2017-03-30 06:17 ET - News Release

Mr. Andre Itwaru reports

FIRST GLOBAL SIGNS STRATEGIC PARTNERSHIP AGREEMENT WITH TELKASH AMERICAS GROUP

First Global Data Ltd. has entered into a strategic partnership agreement with Telkash U.K. Ltd. and Telkash Americas Group NZ. Ltd.

First Global will enable Telkash to offer its own branded money remittance and payments services using the First Global technology platform including its mobile wallet. The company will also enable Telkash to leverage its money service licences in the United States, Canada and other countries internationally.

Telkash will provide First Global with access to:

  • More than 50,000 pay-in/payout locations across the United Kingdom;
  • Over 16,000 pay-in locations for mobile wallet loading and bill payment services in Canada;
  • More than 8,000 pay-in and payout sites in the Philippines;
  • 10,000 payout sites, all 36 banks, 16,000 ATMs and three telcos in Vietnam.

Telkash will also be integrating services in Africa, Dominican Republic, Panama, Bolivia, Peru, Australia, India, Hong Kong, China, U.S., Belgium, Germany, Switzerland and Netherlands, and First Global will have access to all of these geographic networks.

Lawrence Chan, chief executive officer of Telkash Americas Group, commented, "We are pleased to partner with First Global and their leading-edge end-to-end payment/remittance ecosystem that enables us to exponentially maximize revenue opportunities given our massive global distribution footprint."

"This is an incredible partnership in that First Global will enable Telkash with our leading-edge compliant cross-border payments technology and service capabilities. We will overlay our technology with the TelKash global distribution network for mobile payments, loading and payouts. Accessing the Telkash network will accelerate our global deployment strategy and drive significant revenues for both companies," said Andre Itwaru, chairman and chief executive officer of First Global.

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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