In a current article from December 23, 2020, Stefan Feulner, author at News.Financial, writes about the companies Alibaba, Upco International and Palantir. You can find the complete article here.
Here is an excerpt from this article:
THE NEXT BOOM!
The business model of telecom service provider Upco International was dead as a doornail until May 2020, when the entire management team was replaced and Andrea Pagani, a CEO with a career spanning more than 20 years in the telecommunications industry, was appointed. The first goal was to split the general store into two independent business units. The first is the Wholesale Telecom unit which corresponds to the classic telecommunications wholesale business. Here, better contract terms with international telecommunications providers are achieved by pooling many smaller customers for cross-border telephone traffic.
Wholesale Telecom is coordinated by Upco International but operationally managed by dedicated companies. These companies will be integrated into the Upco group of companies over time. About four weeks ago, the first acquisition was successful. Equinox is a niche operator based in the Dominican Republic that provides telecommunications services to immigrants from Central and South America and the Caribbean to the United States.
EVERYTHING FROM A SINGLE SOURCE
Although the two segments are separate, customers are free to use any of the Upco Group’s services. This option increases the customer base to monetize digital services with the second segment. Here, the Canadians are positioning themselves to respond efficiently to digital transformation by focusing on two key areas: Voice and Data Services and Digital Payments and Money Transfers. Voice and data services such as voice over IP and chats will be handled by UpcoNet, while UpcoPay will handle digital payments.
FROM TELECOM PROVIDER TO BLOCKCHAIN
Initially, UpcoPay will run as an innovative, highly secure, based on a blockchain, direct payment method between individuals or people and merchants. Building on this, after implementing an e-wallet, it will be possible to top up money, process payments, or even transfer foreign exchange without setting up an account or entering sensitive banking information.
From 2021, Upco users in Europe will then be able to use UpcoPay to send and receive money quickly, securely, and without using a credit or debit card, but much more cheaply than competitors such as Western Union or PayPal. This service will be expanded over time to other areas such as retail and hospitality. Upco International has a unique starting position from the mix of telecom provider and international digital payment services.