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Seeking Alpha 2021-06-30 15:25:16

iQSTEL to introduce Global Money One Mobile FinTech Services

metamorworks/iStock via Getty Images Next week iQSTEL ([[IQST]] -2.8%) will roll out its Global Money One Mobile FinTech Services, adding MasterCard debit card services to its existing Visa debit card services. The Global Money One Mobile FinTech services are designed for immigrants in the U.S. but anyone can use it. The services consist of a Visa/Mastercard debit card, with a U.S. bank account and a mobile application/wallet that offers cryptocurrency exchange services, international remittances, and International Mobile Top Up, among other services. Adding MasterCard Money One ((MAXIMO)) to its existing Visa Money One ((VIMO)) enables IQSTEL to address a larger market. "We believe our new MAXIMO and VIMO branded banking ecosystem can generate $128M in revenue for iQSTEL over the next five years," said Leandro Iglesias, CEO of iQSTEL. iQSTEL reported $5.14M of revenue in May, representing a 16% Y/Y increase and expects to achieve $60.5M of revenue for 2021.

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