Midpoint Launches Israeli Shekel, Indian Rupee and Promotes Shovan Tamjidi to Operations Manager

LONDON, Feb. 18, 2021 (GLOBE NEWSWIRE) -- Midpoint Holdings Ltd. (TSXV: MPT) (“Midpoint” or the“Company”) is pleased to announce that the Company has launched Israeli Shekel (ILS) priority SWIFT payments and Indian Rupee (INR) local payments. Further, the Company has appointed an Operations Manager to the operating company.

Midpoint Launches Israeli Shekel

Midpoint has launched Israeli Shekel (ILS) priority SWIFT payments. The shekel is the 25^th currency that the platform offers. “Adding ILS to our currency offerings affords the Company greater foothold in one of Middle East’s most vibrant economies,” commented David Wong, CEO of Midpoint.

Midpoint Launches Indian Rupee

Midpoint has launched Indian Rupee (INR) local payments. The rupee is the 26^th currency that the platform offers. “Adding INR to our currency offerings affords the Company greater foothold in one of Asia’s most up and coming economies. We now have a competitive product in the Indian homeward remittance space,” commented David Wong, CEO of Midpoint. “We would be looking to offer up to 40 currencies in the coming quarters and would welcome feedback and client suggestions on their preference,” Wong added.

Shovan Tamjidi appointed Operations Manager

In addition, the Company has appointed Shovan Tamjidi as Operations Manager of the subsidiary operating company. “Shovan joined the firm as an Operations Analyst and has demonstrated unwavering commitment to the business, not to mention a new fresh outlook,” said David Wong.

“I am grateful for this opportunity and am looking forward to embracing a new set of challenges and learning from this role. I am really impressed with the team culture here at Midpoint and I am pleased to be part of the Midpoint team and the Company’s exciting future and look forward in helping the Company’s next stage of growth,” said Shovan Tamjidi.

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 for transparent, multi-party, multi-currency services. Midpoint currently handles transactions in 26 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.

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Forward-looking information

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