Goldmoney Inc.
TSX : XAU

Goldmoney Inc.

March 27, 2017 07:30 ET

Goldmoney Expands Payment Connectivity Globally

Goldmoney Network advancements accommodate increasingly international user base

TORONTO, ONTARIO--(Marketwired - March 27, 2017) - Goldmoney Inc. (TSX:XAU) ("Goldmoney"), a financial technology company and operator of a global gold-based financial network, today unveiled several Goldmoney Network advancements to meet the needs of its global user base, including expanded payment options in the U.S. and Latin America, an improved user interface with new integrations for AliPay and other methods of payment, and will soon feature Apple Pay and WeChat Pay.

"As an international gold-based savings platform, our mission is to make securely vaulted gold more accessible than ever before. Today's launch is the result of months of engineering and integrations, and is by far our broadest payments expansion to date," said Darrell MacMullin, CEO of Goldmoney Network. "As we expand our global footprint, we will continue to improve our international payment processing capabilities and integrate new payment options to empower users around the world."

To accommodate a growing user base in Asia, Goldmoney has integrated AliPay - China's leading third-party online payment solution - as a deposit method in addition to China UnionPay.

Goldmoney Network users in Canada and the U.S. will soon be able to purchase gold via Apple Pay in addition to PayPal. Goldmoney will also begin accepting deposits via WeChat Pay globally in the coming weeks.

Additionally, Goldmoney Network connectivity has been upgraded to include all U.S. banking institutions, enabling American users to link any U.S. checking or savings account to make secure direct deposits and redemptions without delays or wire fees. Goldmoney has also added full local credit card processing and bank transfer capabilities in seven Latin American countries: Argentina, Brazil, Chile, Colombia, Mexico, Peru, and Uruguay.

Expanded Payment Options in Latin America

Country Currency Payment Options
Argentina ARS American Express, Argencard, Banco Credicoop, Banco Galacia, Banco Macro, Banco Nación, Banco Provincia, BBVA Francés, Cabal, Cencosud, CitiBank, CMR, Cordial, Cordobesa, DineroMail, Diners Club, HSBC, Itaú, Mastercard, Naranja, Nativa, Pago Fácil, Provincia Pagos, Rapipago, Santander Rio, Tarjeta Shopping, and Visa.
Brazil BRL American Express, Banco do Brasil, Boleto, Bradesco, Caixa, Cartão MercadoLivre, Diners Club, Hipercard, HSBC, Itaú, Mastercard, Santander, and Visa.
Chile CLP American Express, CMR, Diners Club, Magna, Mastercard, Presto, Servipag, Visa, and WebPay.
Colombia COP Almacenes Éxito, American Express, Baloto, Banco de Occidente, Bancolombia, Carulla, Codigo de Barras, Davivienda, Diners Club, Efecty, Empresa de Energía del Quindío, Mastercard, PSE, SurtiMax, and Visa.
Mexico MXN American Express, Banamex, Banorte, BBVA Bancomer, Debit Mastercard, Mastercard, OXXO, Santander, SPEI, Visa, and Visa Debit.
Peru PEN BBVA, InterBank, PagoEfectivo, Scotiabank, Visa Debit, Visa, and Western Union.
Uruguay UYU Abitab, Lider, OCA, and Redpagos.

The new Goldmoney Network deposit flow provides users with a faster checkout experience and more transparent pricing by clearly displaying the weight of gold that each deposit amount will purchase before the transaction is processed. To account for increased deposit and redemption options as well as global platform expansion, Goldmoney Network will now require a deposit minimum of 0.25 GAU.

About Goldmoney Inc.

Goldmoney Inc. (TSX:XAU) is a mission-driven financial technology company that operates the world's largest 100%-reserved gold-based savings and payments network. Goldmoney® provides financial services as a trusted third-party, combining the unique attributes of gold with technology-driven innovation. Through the Goldmoney Network, comprised of Goldmoney Personal and Goldmoney Business, anyone with internet access can buy, sell, transfer, earn, or redeem physical allocated gold. Goldmoney Wealth offers bespoke precious metals custody and wealth services, trading and execution, card services, tax-free retirement accounts and independent research to high net worth individual investors and institutions. Goldmoney Inc. has more than 1.42 million user signups from more than 150 countries and $1.85 billion in client assets (as at March 23, 2017). Goldmoney Network is registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). Goldmoney Wealth is regulated as a Money Services Business by the Jersey Financial Services Commission. For more information about Goldmoney, visit goldmoney.com.

Forward-Looking Statements

This news release contains or refers to certain forward-looking information. Forward-looking information can often be identified by forward-looking words such as "anticipate", "believe", "expect", "plan", "intend", "estimate", "may", "potential" and "will" or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. All information other than information regarding historical fact, which addresses activities, events or developments that the Goldmoney Inc. (the "Company") believes, expects or anticipates will or may occur in the future, is forward looking information. Forward-looking information does not constitute historical fact but reflects the current expectations the Company regarding future results or events based on information that is currently available. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward-looking information will not occur. Such forward-looking information in this release speak only as of the date hereof.

Forward-looking information in this release includes, but is not limited to, statements with respect to: service times for transactions on the Goldmoney network; growth of the Company's business, expected results of operations, and the market for the Company's products and services and competitive conditions. This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time it was made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others: the Company's limited operating history; history of operating losses; future capital needs and uncertainty of additional financing; fluctuations in the market price of the Company's common shares; the effect of government regulation and compliance on the Company and the industry; legal and regulatory change and uncertainty; jurisdictional factors associated with international operations; foreign restrictions on the Company's operations; product development and rapid technological change; dependence on technical infrastructure; protection of intellectual property; use and storage of personal information and compliance with privacy laws; network security risks; risk of system failure or inadequacy; the Company's ability to manage rapid growth; competition; effectiveness of the Company's risk management and internal controls; use of the Company's services for improper or illegal purposes; uninsured and underinsured losses; theft & risk of physical harm to personnel; precious metal trading risks; and volatility of precious metals prices & public interest in precious metals investment; and those risks set out in the Company's most recently filed annual information form, available on SEDAR. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to update or revise any forward-looking information, except as required by law.

Contact Information

  • Goldmoney Inc.
    Media and Investor Relations inquiries:
    Jacquelyn Humphrey
    Director of Global Communications
    jac@goldmoney.com

    Goldmoney Inc.
    Josh Crumb
    Chief Strategy Officer, CFO
    647-499-6748
    www.goldmoney.com