Lynx Global's DA5 Integrates with Major Philippine Telco e-Wallet
Lynx Global's DA5 Integrates with Major
Philippine Telco e-Wallet
Vancouver, British Columbia--(Newsfile Corp. - June 14, 2021) -
Lynx Global Digital Finance
Corporation
(CSE: LYNX) (OTC Pink: CNONF) (FSE: 3CT0)
("Lynx" or the "Company")
today
announces its subsidiary Direct Agent 5 Inc. ("DA5"), has launched a technology integration with
PayMaya Philippines ("
PayMaya
"), a subsidiary of Voyager Innovations ("Voyager"), the digital
innovations company of PLDT and Smart.
By integrating into the PayMaya e-Wallet, DA5 further expands its services by digitizing cash in/cash out
transactions to PayMaya's 28 million users.
This integration of the two systems will provide both DA5
and PayMaya users with a seamless digital experience from the mobile network through to the local
cash transaction.
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"We are proud to have partnered with PayMaya to access their
nationwide customer base, to provide
the DA5
payment solutions.
Together we will work towards our shared goal of providing seamless
financial services to the Philippine population which is largely unbanked or underbanked . This DA5 and
PayMaya technology partnership now allows Filipinos throughout the Country (representing a market of
nearly 110 million people) to utilize DA5 directly to load funds to PayMaya," stated Raymond Babst,
CEO of DA5.
These joint initiatives further support the goals of the Bangko Sentral ng Pilipinas ("
The Philippines
Central Bank"),
to increase the share of digital payments to 50% of all retail transactions and expand
financial inclusion to 70 percent of Filipino adults by 2023, as part of its Digital Payments Transformation
Roadmap 2020-2023.
In a recent interview with inquirer.net, PayMaya President Shailesh Baidwan highlighted the important
role that, "collaborations such as this will play in the future of digital financial services. This radical shift to
cashless for the Philippines will only continue accelerating in 2021 as we offer more services and
forge
more enterprise partnerships
that are relevant for many consumers."
About Voyager
"
PLDT
, a major telecom in the Philippines, alongside of K
ravis
K
ohlberg
R
oberts
("KKR"), a Global
investment firm, Tencent (the China-based internet giant), and IFC, (a member of the World Bank Group)
have acted as the principal investment group of Voyager, according to FINTECHNEWS Philippines.
About PayMaya
PayMaya provides more than 28 million Filipinos with access to financial services through its consumer
platforms.
Customers can conveniently pay, add money, cash out, or remit through its over 250,000
digital touchpoints nationwide. Its
Smart
Padala by PayMaya network of over 39,000 partner agent
touchpoints nationwide serves as last-mile digital financial hubs in communities, providing the unbanked
and underserved with access to digital services.
ABOUT LYNX DIGITAL GLOBAL FINANCE:
Lynx seeks to become a leader in financial technology, solutions, and services for large-scale
merchants, financial institutions and other B2B industry partners by way of integration to the Lynx digital
payment platform. The Company's payment solutions are powered by a broad suite of payment
technologies and services. The Company has targeted banking and fintech relationships in ASEAN and
Oceania, a region with a population approaching 700 million, that can provide Lynx a financial network
hub location to service and operate a global traditional and digital financial infrastructure. By working
with selected banking and/or licensed EMI partners, the Company will be able to offer a digital payment
platform with a full suite of payment solutions, which may include merchant acquiring solutions; card
issuing; remittance and forex; and custodial digital asset services, including digital wallet services. The
Company seeks organic growth while investigating potential strategic acquisitions that may contribute
critical technology applications, additional services, and revenue streams, and that can complement or
enhance existing offerings and potentially increase or expedite the path to future profitability. While Lynx
believes that significant near-term opportunities exist for the Company's strategic initiatives, there can
be no assurance that goals and objectives will be reached or that any such underlying efforts or
agreements will provide successful or positive outcomes should they be implemented.
For more information, please contact:
Michael Penner, CEO
(604) 396-9974
www.lynxglobal.io
https://t.me/Lynxglobalfinance
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATIONS SERVICES
PROVIDERS HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE.
FORWARD-LOOKING STATEMENTS: Certain information contained herein may constitute "forward-
looking information" under Canadian securities legislation, including the described initiatives of DA5 and
the goals and objectives of Lynx. Generally, forward-looking information can be identified by the use of
forward-looking terminology such as, "will be", or variations of such words and phrases or statements
that certain actions, events, or results "will" occur. Forward-looking statements are based on the
Company's estimates and are subject to known and unknown risks, uncertainties and other factors that
may cause the actual results, level of activity, performance, or achievements of Lynx to be materially
different from those expressed or implied by such forward-looking statements or forward-looking
information, including capital expenditures, other costs, or implied future forecasts. The Company further
again cautions that all forward-looking statements are inherently uncertain, and that actual performance
may be affected by a number of material factors, many of which are beyond the Company's control. Such
factors include, among other things: risks and uncertainties relating to the Company's limited operating
history and the need to comply with environmental and governmental regulations. 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 statements and information. Lynx will not update any forward-looking
statements or forward-looking information that are incorporated by reference herein, except as required
by applicable securities laws.
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