RevoluGROUP Canada Inc. (TSX-V: REVO) (“the Company”) is pleased to announce an update.
- RevoluVIP To Add 37,269 Hotels
- RevoluVIP Car Rental Launch 15th December
- RevoluPAY VCC Processing Expedia, Bookings Holdings, Agoda
- RevoluCHARGE Pay-As-You-Go Mobile Top-Ups Update
- PSD2 Bank License Update
RevoluVIP To Add An Extra 37,269 Worldwide Hotels
The company has recently signed an agreement to include an additional 37,269 worldwide hotels into the RevoluVIP platform through a renowned hotel supplier. While the wholesale supplier offers worldwide hotels, they are particularly prominent in Asia, significantly increasing the number of available hotels in the region for our RevoluVIP Travel Club Members. As a result, hotel Inventory will dramatically increase in: China, Hong Kong, Indonesia, Japan, Laos, Malaysia, Myanmar, Philippines, Singapore, South Korea, Thailand, Vietnam, Macau, Cambodia, Taiwan, French Polynesia, Fiji, Myanmar, Laos, Mongolia, Macau, Nepal, and Guam. The company expects the supplier’s hotels to be active for booking on all RevoluVIP Destination websites, on or before December 10th 2019.
RevoluVIP Car Rental Launch
The company is pleased to announce that, further to the company’s news release dated 22 November 2019, worldwide car rentals from major brands will be available for RevoluVIP Travel Club Members, on or before December 15th 2019. Over the subsequent weeks, the company will continue to augment world wholesale car rental suppliers.
Expedia, Bookings Holding VCC And RevoluCHARGE Update
The company would like to update shareholders concerning its revenue generating verticals RevoluPAY VCC Clearance and RevoluCHARGE for the month of November 2019. The unaudited November 2019 VCC turnover being approximately $CA 193,000. Likewise, pay-as-you-go phone top-ups have surpassed the unaudited approximately $CA 91,000 during the same month. Shareholders are reminded that no meaningful marketing efforts have been dedicated to either vertical thus far, yet this is a significant increase over the August 2019 numbers previously released. The growing user uptake of RevoluCHARGE and VCC continues to be largely by word-of-mouth.
PSD2 Bank License Update
The company would like to inform shareholders that the three-way communication between the Central Bank, Hogan Lovells and RevoluPAY CEO, Alfredo Manresa, has remained fluid over the past 14 days. The company continues to rapidly fulfil and comply with every request of the Central Bank concerning the company’s pending approval for a PSD2 Banking License in Europe. Shareholders are reminded that the wholly owned subsidiary RevoluPAY S.L. submitted its license petition to the Central Bank on 22 November 2018. Inopportunely, the new European PSD2 Licensing Regulations were Introduced into law the following day on 23 November 2018. To press, the Central Bank has not granted a Full PSD2 license to any new petitioner since the Nov 2018 change in law. The company remains confident that a proprietary PSD 2 license be granted.
