LONDON, Feb. 20, 2020 (GLOBE NEWSWIRE) -- Midpoint Holdings Limited (TSXV: MPT) (Frankfurt: 8MH1) (“Midpoint” or the “Company”) is pleased to announce the launch of a new platform. The Company has also begun live testing of its Virtual IBAN (International Bank Account Number) offering. The Virtual IBANs will be rolled out selected customers in the coming weeks with an anticipated public release in the next quarter.
“Our web application was built from the ground up to scale with existing and additional functions and features, which we keep as our central goal during the weekly release cycle. We are committed to future releases that continue to reflect our iterative approach to User Interface (UI) and User Experience (UX) improvements,” commented David Wong, CEO of Midpoint.
“We have received numerous suggestions and feedback from existing and potential clients on various UI features they would like to see incorporated into the Midpoint web application. With our latest update, we focused on identifying additional streamlines in the client payment journey and ultimately the user experience (UX),” added Hertz Zhang, Operations Director.
About Midpoint
Headquartered in London, UK, Midpoint is an FCA authorized payments institutions specializing in cross-border payments and foreign exchange. SMEs, overseas professionals, property owners, foreign students, individuals, and anyone involved in international payments use Midpoint’s US patent-protected platform for transparent, multi-party, multi-currency services.
Midpoint currently handles transactions in 24 currencies with the ability to collect and transfer across over 200 countries. This highly secure platform provides customers with the most cost-effective FX at the midpoint of the interbank buy/sell rate, therefore removing the spread as well as hidden costs and fees.
Midpoint Holdings Limited is listed on the TSX Venture Exchange and cross-listed on the Frankfurt Stock Exchange.
For information on Midpoint, please visit: https://www.midpoint.com.
For further information, please contact:
| Corbin Comishin, CFO | David Wong, President and CEO |
| Midpoint Holdings Limited, | 22-25 Portman Close, Marylebone, |
| 505 Kootenay Street, Nelson, | London W1H 6BS, United Kingdom |
| British Columbia V1L 1K9, Canada | Tel: 0044 20 7448 3082 |
| Tel: 001 250 352 7667 | Email: info@midpoint.com |
Neither the TSX Venture Exchange (the “TSXV”) nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release and has neither approved nor disapproved of the contents of this news release.
Forward-looking information
This news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “would”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing Midpoint and its business and affairs, readers should refer to Midpoint’s Management’s Discussion and Analysis. Midpoint undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.
Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. Securities laws.