NetCents Technology Expands Global Reach for Merchant Acquisition
VANCOUVER, B.C., November 21, 2018 – NetCents Technology Inc. (“NetCents” or the “Company“) (CSE: NC / Frankfurt: 26N) is pleased to announce it will be expanding its merchant reach to over 60 countries and will support merchant payouts in over 30 fiat currencies.
Once implemented, the Company will be able to provide cryptocurrency payment solutions to merchants in all supported countries with settlement in their local fiat currency. As part of the rollout of the merchant settlement expansion, NetCents will be increasing merchant payout frequency from twice weekly to next-day payouts. Supported countries/regions include North America, England, Caribbean, South America, Australia, China, European Union, Hong Kong, India, Indonesia, Japan, Malaysia, South Africa, Thailand, The Philippines, Turkey, and Vietnam.
Merchants will be able to settle funds directly into their bank accounts without intermediaries to provide a timely and cost-effective solution. The Company will also be expanding its reach for the NC Exchange and user wallets. Users in these regions will be able to transfer funds directly from their bank account into and from their NetCents account.
Clayton Moore, CEO of NetCents said, “Our new partnerships and merchant marketing campaign are generating inquiries from outside North America so the need to provide support to those countries is critical to the Company’s strategic expansion. The tech team has been doing double duty to improve both processing capabilities and settlement reach.”
NetCents is a next-generation online payment processing platform, offering consumers and merchants online 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, exchanges, etc., to streamline the user experience of transacting online.
NetCents Technology is registered as a Money Services Business (MSB) with FINTRAC, which ensures our consumer’s security and privacy.
On Behalf of the Board of Directors
NetCents Technology Inc.
Clayton Moore, CEO, Founder and Director
NetCents Technology Inc.
Suite 1000 – 1021 West Hastings Street,
Vancouver, BC, V6E 0C3
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.