RevoluGROUP Canada Inc. RevoluSEND Remittances adds Venezuela to the top of 117 countries

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Vancouver, BC, Sept. 05, 2022 (GLOBE NEWSWIRE) — RevoluGROUP Canada Inc. (TSX-V: REVO), (Frankfurt: IJA2) (the “Company”) is pleased to announce that RevoluSEND is to begin remittances to Venezuela, which now serves 117 countries. RevoluPAY EP SL entered into a Definitive Agreement (“DA”) on 2n/a of September 2022 with DOL Corporation Inc., trading as ITALCAMBIOthe market leader in Venezuelan local remittances.

About ITALCAMBIO

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ITALCAMBIO, founded in 1948, currently ranks first for local delivery of international family remittances and money transfers in Venezuela. ITALCAMBIO maintains 39 physical collection points across Venezuela. ITALCAMBIO’s operations achieved the prestigious ISO 9001 designation in 2008, perpetually maintaining this status.

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The Venezuelan Remittance market

The Venezuelan diaspora in the United States includes nearly 460,000 people who were born in Venezuela or reported Venezuelan ancestry or race, according to United States Census Bureau tables. A large population of the Venezuelan diaspora lives in Florida. Other important populations of the Venezuelan diaspora in the world are: Colombia (2,009,000), Peru (978,000), Ecuador (659,000), Chile (472,000), Brazil (361,000), Spain (297,000) and Panama (121,528) according to United Nations Population Division estimates. .

Venezuela received family remittances of around US$3.54 billion in 2021. The top sending country was the United States, with approx. USD $869,471,947, followed by Spain $449,064,000, Chile $446,040,000, Colombia $442,984,500, Peru $400,491,000 and finally Brazil $341,145,000.

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RevoluPAY is a self-licensed Neobank that has obtained EU PSD2 Central BankCanadian FINTRAC FINTRACUnited States FINCENand Florida Bureau of Financial Regulation financial licenses and permits. EU Licensed financial institution 6900 RevoluPAY is a primary issuer of Visa® Cards and an official Visa® Affiliate member. Through RevoluPAY international exclusive financial licenses and bilateral banking agreements, the Company intends to help ITALCAMBIO capture remittances in the aforementioned primary markets, channeling these funds for delivery through ITALCAMBIO’s extensive network on Venezuelan territory.

Links used in this press release.

ITALCAMBIO Website – https://www.italcambio.com/

ITALCAMBIO Physical offices – https://www.italcambio.com/sucursales.php

Venezuelan data on remittances – https://tinyurl.com/bdzhdpjs

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About RevoluPAY®

The Company’s flagship Neobanking technology is RevoluPAY®, the Apple and android multinational payment application. Entirely designed in-house, RevoluPAY features proprietary, industry-specific technology, the resulting source code of which is the intellectual property of the Company. Built-in features of RevoluPAY include Rebate paymentsForex, Crypto to fiat exchangeRetail and hospitality payments, Real estate payments, prepaid phone top-ups, Online gift cards and creditsutility bill payments, game creditsLeisure Payments, Travel paymentsetc RevoluPAY directly targets the multi-billion dollar global open banking industry, cross-border foreign exchange paymentsand + $595 billion family remittances market. RevoluPAY® is operated by the 100% European subsidiary RevoluPAY EP SL located in Barcelona. RevoluPAY is a license United States ESM, Canadian FINTRACand European payment institution PSD2 6900 under the auspices of European Directive 2015/2366 with EU 27 Countries Passport and official transmitter of Visa® Cards and authorized Visa® Affiliate member. RevoluGROUP Canada Inc. controls five wholly owned subsidiaries on four continents.

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About RevoluGROUP Canada Inc.:

RevoluGROUP Canada Inc. is a publicly traded, multi-asset, multi-divisional Canadian company that deploys cutting-edge technologies in; Banking Sectors, Mobile Apps, Remittances, Cross-Border Forex Payments, Cell Phone Recharges, EGaming, Healthcare Payments, Esports, Bill Factoring, Online Travel, Resorts, Blockchain Systems and Fintech Applications. Click here to know more.

For more information about RevoluGROUP Canada Inc. (TSX-V: REVO), visit the Company’s website at www.RevoluGROUP.com. The Company has approximately 189,957,876 shares issued and outstanding.

RevoluGROUP Canada, Inc.

Steve Marshall

______________________
STEVE MARSHALL
CEO

For more information, contact:
RevoluGROUP Canada Inc.
Telephone: (604) 332 5355
E-mail: [email protected]

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NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATORY SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE RELEVANCE OR ACCURACY OF THIS RELEASE.

This press release includes certain statements that may be considered “forward-looking statements”. All statements contained in this press release, other than statements of historical facts, which address events or developments expected by the management of the Company, are forward-looking statements. Although management believes that the expectations expressed in these forward-looking statements are based on reasonable assumptions, these statements are not guarantees of future performance, and actual results or developments may differ materially from those contained in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in the forward-looking statements include market prices, exploration and development success, the continued availability of capital and financing, and general economic conditions. , market or business. Please see the Company’s public documents at www.sedar.com for more information.

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Joan J. Holland