Upco International Inc. (CSE: UPCO) (Frankfurt: U06) with its wholly-owned US subsidiary Upco Systems Inc. is a cloud based mobile service company which provides high-quality voice termination to a market driven by the growing activity in online communications and commerce. Upco is a licensed Global Telecom Carrier within the international VoIP (voice over IP) wholesale business.
Upco has also designed a software application for IOS and Android, similar to SKYPE and WHATSAPP, that will enable fully secure communications, social media, namely connecting users and sharing pictures, locations, international airtime top up, International and national calls and chatting.
With the forthcoming addition of the Upco e-Wallet users will be able to: send invoices, approve payments, transfer international funds, convert international currencies, and track transfers and payments. The application will also allow vendors to securely share account information with their clients.
Upco develops also the B2C area with appropriate applications and services for the end user to create attractive synergies between VoIP and value added services to stay successful in a competitive market.
The best outcome is achieved where a virtuous cycle of more user volume and popular value added services are created on the network platform, which in turn increases the number of users.
Upco focus is largely in the still unregulated growth markets such as Latin America, Asia, Africa and the Middle East. In these countries, especially in the underdeveloped infrastructure areas, the data bandwidth for the most recent versions of well-known mobile applications like Skype, WhatsApp or Viber are too low and can rarely be used there. Correspondingly, in this environment VoIP communication in connection with low-bandwidth applications will also achieve in the upcoming years the best margins.