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NetCents Technology Inc
Symbol NC
Shares Issued 44,501,467
Close 2018-12-04 C$ 0.93
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NetCents brags about increase in merchant signups

2018-12-04 09:30 ET - News Release

Mr. Clayton Moore reports


NetCents Technology Inc. has experienced a 206-per-cent increase in direct merchant signups in the last quarter.

In addition to the merchants signed up through the company's partnership programs, the company has now had 387 direct merchant signups. Over the past quarter, the sign-up rate has continued to increase each month and the company anticipates that this trend will continue.

With this continued growth, the company is beginning to see the increase in merchant confidence and acceptance of cryptocurrency as a method of transacting through the company's Instant Settlement program and merchant gateway. Accompanying this increase in confidence, the company anticipates that it will continue to see a 200-per-cent to 500-per-cent growth per quarter in the upcoming year through both direct and partner merchant signups.

"It's great to see all of our hard work starting to coalesce," said Clayton Moore, chief executive officer of NetCents Technology. "We have spent the last year laying the groundwork to become the underlying technology to drive cryptocurrency payments and it is starting to take off."

In addition to the direct merchant signups, the company has obtained merchant signups through its recently announced partners. In August, the company launched its partner programs and to date, the company has announced eight major partnerships. Through these partnerships, the company has direct access to hundreds of thousands of merchants that these partners currently have in their portfolio and has begun on-boarding their merchants to the NetCents platform and these merchants are now accepting cryptocurrency.

To continue to drive merchant and user acceptance, the company is working directly with its merchants and partners on educating, and marketing to, their customer base to increase user adoption rates and grow the company's revenue.

"We have an increasing number of companies, both partner and merchant, approaching us directly," added Mr. Moore. "With the increase in merchant signups, the addition of core partners in the payments space and key platform upgrades, we are ready for our projected growth in merchants and revenue."

In response to the global interest and anticipated continued growth, the company has recently launched its software-as-a-service-based merchant gateway and is working on integrating merchant support for 60 countries and the ability to provide settlement and payout to merchants in over 30 fiat currencies.

About NetCents Technology Inc.

NetCents is a next-generation on-line payment processing platform, offering consumers and merchants on-line services for managing electronic payments. The company is focused on capturing the migration from cash to digital currency by utilizing innovative blockchain technology to provide payment solutions that are simple to use, secure and worry-free. NetCents works with its financial partners, mobile operators and exchanges, to streamline the user experience of transacting on-line.

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