Global Payout, Inc. (OTC Pink: GOHE), an emerging leader in international payment solutions, announced today
a new contract for the ongoing use of its Consolidated Payment Gateway (CPG)
platform to make monetary payouts and receive pay-ins in multiple currencies.
The new customer, State Prime Limited, is a leading global provider of online
financial products and services and will use the CPG to pay and receive
payments to and from their customers in countries around the world. Global
Payout will receive revenue from the platform set-up, load fees, transaction
fees, currency conversion fees, and ongoing monthly fees.
The CPG is an international payment platform capable of facilitating all kinds
of payment making or payment receiving needs while also seamlessly being tied
to the FOREX for currency exchange purposes. In effect, the CPG helps
companies, organizations and individuals make electronic, bank-like
transactions without the high cost of traditional banking fees or paper checks
directly from a personal computer or internet connected device. Payments can
be made to an eWallet, traditional account types, or some form of a prepaid
card.
State Prime Limited (SPL) estimates up to 1,600 CPG users initially, primarily
in China, Hong Kong, Australia, and New Zealand. In 2015, SPL has indicated
the contract may expand to include co-branded international prepaid cards
which would provide additional revenue.
State Prime Limited offers a variety of online financial products and trading
services and related training to individuals and institutions around the
world, including online foreign exchange, gold, silver, metals, CFDs, options,
futures, NDF, and other products and tools, using top international trading
technology to make online financial transactions a method of investment in
which anyone can participate. State Prime Limited's trading platform consists
of more than 12 major international banks to provide sufficient liquidity
ensuring that the company is able to provide the minimum spread and the most
stable execution price.
The contract extends Global Payout's footprint into new market opportunities
and geographic areas. And further supports Global Payout's mission to become a
pseudo-bank by providing financial services to the under-banked, unbanked and
bank adverse at favorable pricing.
"State Prime Limited has ambitious plans for growth, particularly in the China
market where they are positioning themselves as a master agent for Chinese
currency exchange firms," said Steven Yu, General Manager of State Prime
Limited. "As our business grows, we expect to expand upon the products and
services that Global Payout provides, including the use of a co-branded,
prepaid international card."
"We are very pleased to work with State Prime Limited and believe our CPG is
the ideal payout and pay-in solution for their affiliated companies and
customers," commented Jim Hancock, CEO. "We look forward to working with State
Prime as their international payment solution needs grow."
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