Mr. Gavin McMillan reports

REVOLUPAY ENHANCES FINANCIAL SOLUTIONS FOR HUMANITARIAN AID WITH MILLIONBRIDGES AND THE NORWEGIAN REFUGEE COUNCIL

Revolugroup Canada Inc.'s wholly owned subsidiary Revolupay SL has entered into an agreement with the Norwegian Refugee Council (NRC) to provide the financial technology platform to facilitate transactions between the NRC and Revolupay partner, MillionBridges SL. The purpose of the agreement is to improve the distribution of international cash aid by incorporating advanced financial technology for efficient and secure transactions directly benefiting recipients. Revolupay will manage the transfer of funds from NRC to MillionBridges and then to the beneficiaries, ensuring compliance with global financial regulations and anti-money laundering directives.

Under the terms of the agreement (signed on April 8, 2024, but requiring compliance and administrative review prior to execution) with the Norwegian Refugee Council, it is anticipated that NRC will transfer transactions totalling an estimated value of $500,000 (U.S.) per month that will ramp up over a one-to-three-month period. While the agreement between MillionBridges and NRC is based on an annual basis, the amount of funds transferred is expected to fluctuate on a month-to-month basis, allowing for flexibility and adjustability in response to the evolving needs of both parties involved. Revolupay will earn a minimal percentage of the total value of transactions transferred, which is in line with industry standards, and reflects the commitment to supporting NRC's humanitarian efforts efficiently and effectively.

Alfredo Manresa, director of Revolugroup and general manager of Revolupay, stated: "Our innovative global settlement network is poised to make a significant impact in how humanitarian aid is facilitated. By leveraging Revolupay's technology, we ensure not only the efficient but also the secure transfer of funds to those in dire need, adhering strictly to global standards."

Revolupay's critical role in this collaborative effort is underscored by its capability to transfer fast and efficient funds to Lebanon through its expansive global settlement network. This system is integral to the reliability of the financial distribution framework, ensuring that aid reaches those in need promptly and securely. The collaboration between Revolupay, MillionBridges and the Norwegian Refugee Council is deeply rooted in transparency, accountability and efficiency principles. By harnessing these values, the partnership aims to significantly enhance the process of distributing international aid, making it more accessible and practical for crisis-affected communities in Lebanon and beyond. This endeavour demonstrates the potential of fintech solutions in humanitarian contexts and sets a new standard for the delivery of international aid, prioritizing the needs and dignity of beneficiaries.

Gavin McMillan, chief executive officer and director of Revolugroup, expressed his enthusiasm for the partnership, stating: "We are immensely pleased to be in a position to assist in humanitarian aid efforts. This collaboration with MillionBridges and with the Norwegian Refugee Council allows us to play a pivotal role in providing the financial technology support where it's most needed."

About Revolupay

The company's flagship neobanking technology is Revolupay, the Apple and Android multinational payment app. Conceived entirely in-house, Revolupay features proprietary, sector-specific technology of which the resulting source code is the company's intellectual property. Revolupay's built-in features include remittance payments, foreign exchange, retail and hospitality payments, real estate payments, pay-as-you-go phone top-ups, gift cards and on-line credits, utility bill payments, leisure payments, travel payments etc. Revolupay is aimed at the worldwide multibillion-dollar open-banking sector and $630-billion-plus family remittance market. Revolupay is operated by the European wholly owned subsidiary Revolupay EP SL, located in Barcelona. Revolupay is a licensed United States MSB (money services business), Canadian FINTRAC (Financial Transactions and Reports Analysis Centre of Canada) and European PSD2 payment institution 6900 under EU directive 2015/2366 with EU passporting.

About Revolugroup Canada Inc.

Revolugroup Canada is a multiasset, multidivisional, publicly traded Canadian company that controls five wholly owned subsidiaries on four continents. Revolugroup deploys advanced technologies in banking, mobile apps, money remittance, cross-border forex payments, mobile phone top-ups, e-gaming, health care payments, e-sports, invoice factoring, on-line travel, vacation resort, blockchain systems and fintech app sectors.

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