Upco International Inc. Announces the launch of UpcoPay test phase. October 29th, 2020

Vancouver, BC, October 29, 2020, Upco International Inc. (CSE: UPCO) (OTC: UCCPF) (Frankfurt: U06) (“Upco”) is pleased to announce the launch of UpcoPay first phase test. These documents can be accessed from the SEDAR web site at www.sedar.com.

Upco has been working to launch in the coming months UpcoPay which, initially, is an innovative, highly secure and convenient direct payment solution to make person-to-person (P2P) and person-to-merchant (P2M) payments. In the second stage, when e-wallet implemented, users will be able to view multiple account balances, load funds, settle payments and initiate peer-to-peer and Foreign Exchange transfers instantly within the app without the need to create an account or input any bank details.

Beginning 2021, Upco users in Europe will be able to use UpcoPay to send and receive money easily, securely and without the use of any credit or debit card. This service will be expanded into other jurisdictions over time.

UpcoPay allows transfer between Upco users and vendors that subscribe to the service, protecting individual privacy while being compliant with regulatory frameworks. UpcoPay will also be able to deliver substantially reduced transaction fees over conventional services provided by major existing payment networks, delivering significant savings to vendors and ultimately to consumers.

Thanks to its strategic partner Token.io to leverage its open banking platform for mobile transaction processing. Under the terms of the agreement, UpcoPay, an extension of Upco Mobile Messenger, will use Token Pay™ to enable the delivery of account-to-account (A2A) transfer services and account-to-merchant (A2M) payment services. Token.io is a leading open banking platform provider, connected to more than 6,000 banks throughout Europe. Their platform enables PSD2 compliance, data aggregation and bank direct payments driven by Smart Token technology for banks and TPPs.

Integration with Token’s open banking platform significantly enhances the options that are available via Upco Mobile Messenger, while simplifying A2A and A2M transaction processing. Token’s API provides pan-European bank connectivity, so that Upco can quickly and cost-effectively establish a connection to any bank to initiate payments and data requests on behalf of its customers. Using Token’s interface, payments are confirmed instantly, and transaction fees are reduced by up to 50%.

Starting from December 2020, UpcoPay will be available, as testing phase, to execute payments or transfer for Upco users which has bank account with UniCredit and ING bank in Italy.

The Company is excited about rolling out its new POS payments system given the expected global growth in FinTech, especially within mobile payments. According to Statista, in 2020, global transaction volume in the mobile Point of Sale payments space was expected to reach approximately US$1,500 billion and projected to increase to over US$4,150 billion by 2024, a 29.4% CAGR.

Complementary to the goals for the wholesale telecom business unit,  in B2B segment, the Company already provides with the  APP communication facilities, which offering its users free text and call, but also at reasonable pricing on high-quality on-network international calls, with preliminary calculations estimating savings across the value line of up to 40% on these types of calls, but also with international airtime top-up capabilities (the ability to add talk-time/data to a user’s pre-paid mobile phone plan), and other social media features present in most over-the-top applications around the world.

Upco’s new business model is to build a Federated Business Platform for the Telco- digital industry. While such platforms are becoming the predominant business model in the digital era, their application to the Telco business is very limited worldwide, and substitute services are gaining momentum. Upco’s model responds to an opportunity to leverage this approach and play a lead role in this new era in the Telco-digital industry.

Upco International is also pleased to announce the appointment of Mr. Osvaldo Navarro as CFO Supporting the new M&A strategy, the Federate Carrier Program and company growth based on his experience in significant companies such as: Delta Energia, Baf Capital, Cargill, Enel-Endesa.

Mr. Navarro hold an MBA at IAE Business School, and he is a Civil Engineer, graduated at University of Buenos Aires.

Mr. Andrea Pagani Chief Executive Officer, Upco International Inc., commented, “Upco International is demonstrating with its new management a significant turn around and I’m pleased to start working with Mr. Navarro. I am thrilled to see the result of UpcoPay test and its new User Interface and User Experience. We have selected a strategic graphics company in Germany to best suit the European Market.”

About Upco International Inc.

Upco International Inc. is a cloud-based mobile service company that 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 designed a software application for Apple iOS and Android, similar to SKYPE and WhatsApp. With the forthcoming addition of the Upco e-Wallet using Blockchain Payment Services, 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.

Please visit www.upcointernational.com for further information.

ON BEHALF OF THE BOARD OF DIRECTORS

Andrea Pagani, CEO and Director
office@upcointernational.com
212-461-3676

 

Forward-Looking Statements

This press release contains forward-looking information or forward-looking statements (collectively “forward-looking information”) within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: “will” “may” “believe”, “expect”, “anticipate”, “intend”, “estimate”, “development”, “forthcoming”, “potentially” and similar expressions, or are those, which, by their nature, refer to future events. Upco cautions investors that any forward-looking information provided by Upco is not a guarantee of future results or performance.

Deutsche Telekom, Freenet, Upco International: Where Telecommunications creates returns

In a current article from October 27, 2020, Nico Popp, author at News.Financial, writes about the companies Deutsche Telekom, Freenet, and Upco International. You can find the complete article here.

Here is an excerpt from this article:

CONSOLIDATION AS THE KEY TO A BILLION-DOLLAR MARKET

The young Canadian Company Upco International is taking a completely different path from the thick ships of the industry. The Company is competing to profit from the increasing competition and price war in the mobile phone market. Over the past 15 years, data services have ensured that sales of traditional telecommunications services have been steadily declining. Today, for example, many people communicate via WhatsApp and no longer write text messages (SMS). The use of classic telephony is less and less common. This development is becoming a burden for smaller telecommunications providers: Costs are rising and getting relevant, especially for these small Companies. Upco has set itself the goal of offering these small providers a platform for outsourcing certain telecommunications services. Synergies are created when the volumes of several smaller Companies come together, says Upco International. The providers can then concentrate on their core business.

In addition to the wholesale telecom business, which is benefiting from the growing cost pressure in the industry, Upco also offers digital services. These include a payment service that works with existing bank accounts and is designed to enable real-time payments. Compared to existing competitors, Upco sees cost advantages as well as an exceptionally high level of security.

© Copyright 2020 – News.Financial

Deutsche Telekom, Freenet, Upco International: Wo Telekommunikation Rendite schafft

In einem aktuellen Artikel vom 27.10.2020 schreibt Nico Popp, Autor bei Kapitalerhoehungen.de, zu den Unternehmen Deutsche Telekom, Freenet und Upco International. Den vollständigen Artikel finden sie hier.

Hier ein Auszug aus diesem Artikel:

KONSOLIDIERUNG ALS SCHLÜSSEL ZUM MILLIARDENMARKT

Einen ganz anderen Weg als die Dickschiffe der Branche geht das junge kanadische Unternehmen Upco International. Das Unternehmen tritt an, um gerade aus der zunehmenden Konkurrenz und dem Preiskampf im Mobilfunkmarkt Profit zu schlagen. Innerhalb der vergangenen 15 Jahre haben Datendienste dafür gesorgt, dass die Umsätze mit klassischen Telekommunikationsleistungen stetig abnehmen. Beispielsweise kommunizieren heute viele Menschen über WhatsApp und schreiben keine SMS mehr. Auch klassische Telefonie wird immer weniger genutzt. Für kleinere Telekommunikationsanbieter wird diese Entwicklung zur Bürde: Die Kosten steigen und fallen gerade bei diesen kleinen Unternehmen ins Gewicht. Upco hat sich zum Ziel gesetzt, diesen kleinen Anbietern eine Plattform zu bieten, um bestimmte Telekommunikationsleistungen auslagern zu können. Kommen die Volumina mehrerer kleinerer Unternehmen zusammen, entstehen Synergieeffekte, so Upco International. Die Anbieter können sich dann auf ihr Kerngeschäft konzentrieren.

Neben dem Wholesale-Telecom-Geschäft, das vom wachsenden Kostendruck in der Branche profitiert, bietet Upco auch digitale Dienstleistungen, wie etwa einen Bezahldienst an, der mit bereits existierenden Bankkonten funktioniert und Echtzeitzahlungen ermöglichen soll. Im Vergleich zur existierenden Konkurrenz sieht Upco neben Kostenvorteilen auch ein außergewöhnlich hohes Maß an Sicherheit.

© Copyright 2020 – Kapitalerhoehungen.de

Upco International Inc. Announces Second Quarter Results ended June 30, 2020

Vancouver, BC, October 20, 2020, Upco International Inc. (CSE: UPCO) (OTC: UCCPF) (Frankfurt: U06) (“Upco”) is pleased to announce it has filed its consolidated financial statements and Management’s Discussion and Analysis for the second quarter ended June 30, 2020.  These documents can be accessed from the SEDAR web site at www.sedar.com.

Upco reported revenues US$ 4,625 (2019 – US$ 36,446) and a net loss of US$ 560,103 (2019 – net loss of US$ 214,815) for its second quarter ended June 30, 2020.

The first 6 months of 2020 has been affected by the turbulent event of the global Covid pandemic. In the same time Upco International inc.  announced the appointment of Mr. Juan Ramos Taboada as Upco’s Head of its Wholesale Telecom business unit and Mr. Sebastiano Massimo Galantucci as Upco’s Head of its Digital Services business unit.  Both of them also entered in the Board of Director.

Upco’s new business model will be based on building a Federated Business Platform for the Telco- digital industry. While such platforms are becoming the predominant business model in the digital era, their application to the Telco business is very limited worldwide, and substitute services are gaining momentum. Upco’s model responds to an opportunity to leverage this approach and play a lead role in this new era in the Telco-digital industry.

Therefore, Upco’s strategy will invoke a four-phase approach as follows: 1) leverage core business capabilities and assets (Wholesale Telecom), 2) reinforce the core business by expanding into related areas (Voice and Data), 3) continue adding value to customers through extended offerings (OTT and UpcoPay), and 4) continued growth by leveraging a synergized product mix. Key elements of the plan are targeted for delivery over a three-year period by 2022.

Upco has been working to launch in the coming months UpcoPay which is an innovative, highly secure and convenient eWallet solution to make person-to-person (P2P) and person-to-merchant (P2M) payments. Users will be able to view multiple account balances, load funds, settle payments and initiate peer-to-peer and FX transfers instantly within the app without the need to create an account or input bank details.

With regard the Q2 Financial Statements, the main focus of the new Management has been on corporate restructuring, reducing the liabilities with an excellent result by decreasing US$ 290,773, in 6 months of work representing the 22,5% comparing the the Year End Financial Statements 2019.

Highlights for the two quarters:

 

  • Announced the agreement with Token.io to leverage its open banking platform for mobile transaction Under the terms of the agreement, UpcoPay, an extension of Upco Mobile Messenger, will use Token Pay™ to enable the delivery of account-to-account (A2A) transfer services and account-to-merchant (A2M) payment services. Token.io is a leading open banking platform provider, connected to more than 6,000 banks throughout Europe. Their platform enables PSD2 compliance, data aggregation and bank direct payments driven by Smart Token technology for banks and TPPs.

Integration with Token’s open banking platform significantly enhances the options that are available via Upco Mobile Messenger, while simplifying A2A and A2M transaction processing. Token’s API provides pan-European bank connectivity, so that Upco can quickly and cost effectively establish a connection to any bank to initiate payments and data requests on behalf of its customers. Using Token’s interface, payments are confirmed instantly, and transaction fees are reduced by up to 50%.

  • StreamOn (Deutsche Telekom)

Upco Messenger has been successfully tested by Deutsche Telekom, provider of StreamOn. Consequently, Upco will be added as a StreamOn “Social & Chat” Partner effective May 4, 2020. Deutsche Telekom, formed in 1995, is a German telecommunications company headquartered in Bonn, and the largest telecommunications company in Europe on the basis of revenue. Via StreamOn, users with a Deutsche Telekom Mobile SIM enjoy EU-wide use of the audio, video, gaming, and social media and messenger services of participating partners without using the data assigned to their contract subscription (i.e. essentially streaming without worrying about data usage).

  • Vodafone Passport

Upco Messenger has been successfully tested by Vodafone GmbH, Consequently, The Vodafone Chat Pass program enables subscribers to use currently available Messenger Apps, now including Upco Mobile Messenger, to stay in touch without consuming their high-speed volume. The Pass program includes many major providers, including Facebook Messenger, Threema, and WhatsApp. And Upco has been officially announced as Partner effective July 24, 2020. Vodafone GmbH, a German subsidiary of Vodafone Group plc, provides mobile phone, DSL, LTE, cable internet, landlines, cable TV and IPTV services to customers in Germany. As of the fourth quarter of 2019, the company had 51 million mobile customers in Germany, making it the largest provider of mobile phone services in Germany. Vodafone Group plc is a British multinational telecommunications company, headquartered in London, and ranks fourth among mobile operator groups globally.

  • Telecom Targets

Few discussions started after defined the new strategy for M&A, under the Federated Carrier Program (FCP). One of them is particularly in advanced stage. The signature of the Head of terms has been executed, meanwhile an additional one is going in parallel and should be coming to end by Q3. The two targets are fully complementary and together with an internal growth in the wholesale sector, Upco shall finally achieve the operational step which allow to be a player in the global telecom market.


About Upco International Inc.

Upco International Inc. is a cloud-based mobile service company that 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 designed a software application for Apple iOS and Android, similar to SKYPE and WhatsApp. With the forthcoming addition of the Upco e-Wallet using Blockchain Payment Services, 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.

Please visit www.upcointernational.com for further information.

ON BEHALF OF THE BOARD OF DIRECTORS

Andrea Pagani, CEO and Director
office@upcointernational.com
212-461-3676

Forward-Looking Statements

This press release contains forward-looking information or forward-looking statements (collectively “forward-looking information”) within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: “will” “may” “believe”, “expect”, “anticipate”, “intend”, “estimate”, “development”, “forthcoming”, “potentially” and similar expressions, or are those, which, by their nature, refer to future events. Upco cautions investors that any forward-looking information provided by Upco is not a guarantee of future results or performance.