NETCENTS NOW AVAILABLE AROUND THE WORLD – Accepting Consumer Deposits in 194 Countries
Vancouver, B.C., July 25, 2016 – NetCents Technology Inc. (“NetCents” or the “Company”) (CSE: NC) is thrilled to announce that it now accepts and supports consumer deposits from users in 194 countries, furthering its reach around the globe. This expansion completes the Company’s credit card reach and acceptance, as well as enhancing user experience on a global scale.
“194 countries (global) is a huge milestone for the Company and marks the beginning of a new chapter. NetCents, aside from PayPal, has the largest footprint for credit card deposits. We offer our users a universal, efficient platform for secure payment solutions,” commented Clayton Moore, chief executive officer and founder, NetCents Technology. “We are focusing on boarding merchants with our streamlined, digital currency API, easy integration, and ecommerce platforms to remain at the forefront of the digital payments revolution.”
Approximately $4 trillion worth of merchandise will be abandoned in online shopping carts this year, (source: BI intelligence Report); about 64% of that is potentially recoverable through innovative and simplified technology. With non-cash payments reaching a record high of $389.7 US billion transactions in 2015 alone, (source: World Payments Report 2015 by Capgemini and Royal Bank of Scotland), streamlining the checkout process for consumers has never been more significant.
As consumers shift from traditional payments to digital alternatives, this expansion, along with the early adoption of the Company’s Merchant API for businesses, fills the need for a streamlined, digital payments platform, and is key to driving the Company’s overall continued growth and success.
NetCents is an electronic payments technology company offering consumers and merchants online services for managing electronic payments by a variety of payments methods through its processing platform. NetCents works with its financial partners, mobile operators, exchanges, etc. to streamline the process and user experience of transacting online. The NetCents platform is integrated into the Automated Clearing House (“ACH”) through the Royal Bank of Canada (“RBC”, “Royal Bank”). NetCents is available for deposits from 194 Countries around the World, providing you with the freedom to choose to Pay. Your Way.
On Behalf of the Board of Directors
NetCents Technology Inc.
Clayton Moore, CEO, Founder and Director
NetCents Technology Inc.
Suite 1500, 885 West Georgia Street
Vancouver, British Columbia V6C 3E8
Cautionary Note Regarding Forward Looking Information
This release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, market prices, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.