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PayVida Signs Deal With 1,000-Member Private Liquor Association

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VANCOUVER, British Columbia, Aug. 29, 2018 (GLOBE NEWSWIRE) -- PayVida Solutions Inc. ("PayVida" or the "Company") - a Vancouver-based global payment processor and card issuer, is pleased to announce that it has become the exclusive partner and preferred vendor for British Columbia's Alliance of Beverage Licensees ("ABLE BC").

ABLE BC is the united voice of British Columbia's private liquor industry. Its members include private liquor stores, pubs, bars, nightclubs and hotel liquor licensees. With over 1,000 members, it is a powerful advocate for the private liquor industry.

"ABLE BC selected PayVida over other merchant service providers because of our instant application approval process and innovative payment technology," stated Altaf Ebrahim – PayVida's Enterprise Relationship Manager. "We anticipate reducing transaction costs for ABLE BC's members, while helping the Association acquire new members."

PayVida's partnership with ABLE BC creates a direct channel into a network of BC's private hotels and pubs.  ABLE BC's Executive Director Jeff Guignard recently completed a 10,000-kilometre, 20 city, 250 liquor licensee tour of BC.  Discussions included recent and pending changes to BC's liquor policies and the emerging licensing framework for cannabis retail stores.

"PayVida is more than a payment processing company," stated Guignard, "This is an opportunity for us to collaborate with an innovative financial technology company, giving our members point-of-sale integrations and same day funding."

B.C. currently has 670 private liquor stores and 195 government locations, generating over $3 billion of alcohol sales and several billion dollars of indirect economic activity.

PayVida's innovative technology is designed with flexibility in mind, and allows users to turn their computers into payment processing terminals with its web-based payment processing software and simple invoicing system that automates payment collection and processing.

At PayVida, innovation is founded on the core belief that getting paid should be the easiest part of running a business, not the hardest.

Learn more about PayVida's credit card and payment processing solutions at http://www.payvida.ca.

About PayVida Solutions Inc.

PayVida Solutions Inc. is a global payment processing company that is revolutionizing the way commerce happens all around the world.

PayVida's proprietary payment platform allows business owners to sign up and have activated smart terminals within minutes. A true Omni-Channel provider, PayVida integrates seamlessly with leading point-of-sales systems, online and mobile payment solutions.  It is also the first company to offer same-day funding to their merchants. 

At PayVida, technology drives business.

For Further Information, please contact:

Ali Sinawi      
Director
PayVida Solutions Inc.
ali@payvida.ca
604-616-9359

or

Investor Relations
investors@payvida.ca
1-855-446-8432

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