MEXICO CITY, MEXICO, June 26, 2018 (GLOBE NEWSWIRE) -- QPAGOS (QPAG: OTCQB), a U.S. based provider of self-service electronic payment solutions, today announced an additional order of 4 Self-Service Kiosks by Sociedad Integral Emprendedora Siembra, SAPI de CV SOFOM ENR (SIEMBRA).
SIEMBRA, created in December 2011 by a team of professionals with long experiences in microfinance, designs and delivers financial products that are unique to the needs of Mexican microentrepreneurs; for example, “Credisiembra”, group loans which are exclusive for women entrepreneurs.
Juan Carlos Duarte, a SIEMBRA board member, said: “Our slogan has and will be to provide competitive and personalized services in the communities we serve. Deploying QPAGOS kiosks is symbolic of our quest for technological innovations that will benefit our customers. At the kiosks, our customers are not only able to pay their loan amortizations, but they are also able to make service payments, such as mobile top ups, utilities and municipal payments, subscription fees, and many more, providing our customers a secure and reliable location where to make these payments.”
“We are very honored to have been chosen by SIEMBRA to be a key partner of their expanding branch network, and soon each of their 7 branches will have QPAGOS kiosks. We look forward supporting SIEMBRA’s growth as they expand nationally," said Gaston Pereira, President and CEO of QPAGOS. "Juan Carlos and his team are an excellent example of business leaders that are making a difference by providing innovative financial services for small entrepreneurs."
ABOUT SIEMBRA:
We are a Mexican company specialized in financial products for microentrepreneurs that require constant liquidity to invest, stock, improve and grow their business. We trust in the people that every day drives Mexico with their effort, for this, along with our credit services, we offer our clients financial education aimed at expanding their skills in the management of their personal and commercial economy. SIEMBRA complies with all the legal regulations of the National Banking and Securities Commission; and we are supervised by the CONDUSEF. For more information, visit: www.siembra.com.mx
ABOUT QPAGOS
United States based QPAGOS offers cutting edge digital payment services for consumers and service providers in Mexico where 60% of the adult population does not have a bank account and where 95% of consumer purchase are made in cash. It operates a network of self-service kiosks and applications offering alternative payment more convenient for consumers and a more efficient billing platform for service providers. For more information, visit: www.qpagos.com
SAFE HARBOR STATEMENT
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statement of historical fact contained in this press release are forward-looking statements. In some case, forward-looking statements can be identified by terminology such as "anticipate," "believe," "can," "continue," "could," "estimate, "expect," "intend," "may," "plan," "potential," "predict," "project," "should," or "will" or the or the negative of these terms or other comparable terminology and include statements regarding our plans to deploy self-service kiosks and accept payments for SIEMBRA customers in Mexico through our partnership with SIEMBRA. These forward-looking statements are based on expectations and assumptions as of the date of the press release and are subject to a number of risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectation include, among others, our ability to deploy self-service kiosks and accept payments for SIEMBRA customers in Mexico and the other risks outlined under "Risk Factors" in QPAGOS' Current Report on Form 8-K dated May 13, 2016 and its other filings with the SEC, including subsequent periodic reports on Forms 10-Q, 10-K and 8-K. The information in this release is provided only as of the date of this release, and QPAGOs does not undertake any obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.