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October 26, 2020

iQSTEL partners PayVMS to roll out Visa debit cards

US-based telecom company iQSTEL has forged a letter of intent (LOI) agreement with Payment Virtual Mobile Solutions (PayVMS) to launch a Visa debit card for customers.

The companies with facilitate a VISA Prepaid Debit Card service for iQSTEL’s clients.

This will allow them to make in-store and online purchases, withdraw cash at ATMs and earn cashbacks, rewards and digital gift cards when making a purchase.

Moreover, clients can also recharge their mobile phones, make cross-border payments and bill payments, and deposit money in banks via remote deposit capture (RDC).

iQSTEL recently launched a new fintech division to provide services to over 272 million international migrants.

Additionally, it offers PayPal and Venmo payment options to the underserved population.

Currently, the telecom company provides its users a suite of telecommunication services, which could generate approximately $40m in sales this year.

PayVMS, on the other hand, is a software development and technology firm that focuses on offering financial services to e-commerce companies.

The company provides turn-key and fully customisable payment solutions tailored to the needs of retail and telecommunications companies.

PayVMS partners include Visa, Mastercard, FIS Global, ACI, Mifos X, 3CInteractive, Transfer-To, Uniteller, TIGO, Stripe, Authorize.Net, Control Case, Asterisk, Cisco, A2Billing and Twillio.

Recently, French banking group BNP Paribas and hotel group Accor launched a new co-branded Visa payment card in Europe.

Last week, Visa made its ‘Tap to Phone’ feature available in more than 15 markets and aims to expand the feature in the US and worldwide, with over 35 new partners.

The tool transforms Android devices into contactless software-based point-of-sale (softPOS) terminals.

  1. News
  2. Company news
October 26, 2020

iQSTEL partners PayVMS to roll out Visa debit cards

US-based telecom company iQSTEL has forged a letter of intent (LOI) agreement with Payment Virtual Mobile Solutions (PayVMS) to launch a Visa debit card for customers.

The companies with facilitate a VISA Prepaid Debit Card service for iQSTEL’s clients.

This will allow them to make in-store and online purchases, withdraw cash at ATMs and earn cashbacks, rewards and digital gift cards when making a purchase.

Moreover, clients can also recharge their mobile phones, make cross-border payments and bill payments, and deposit money in banks via remote deposit capture (RDC).

iQSTEL recently launched a new fintech division to provide services to over 272 million international migrants.

Additionally, it offers PayPal and Venmo payment options to the underserved population.

Currently, the telecom company provides its users a suite of telecommunication services, which could generate approximately $40m in sales this year.

PayVMS, on the other hand, is a software development and technology firm that focuses on offering financial services to e-commerce companies.

The company provides turn-key and fully customisable payment solutions tailored to the needs of retail and telecommunications companies.

PayVMS partners include Visa, Mastercard, FIS Global, ACI, Mifos X, 3CInteractive, Transfer-To, Uniteller, TIGO, Stripe, Authorize.Net, Control Case, Asterisk, Cisco, A2Billing and Twillio.

Recently, French banking group BNP Paribas and hotel group Accor launched a new co-branded Visa payment card in Europe.

Last week, Visa made its ‘Tap to Phone’ feature available in more than 15 markets and aims to expand the feature in the US and worldwide, with over 35 new partners.

The tool transforms Android devices into contactless software-based point-of-sale (softPOS) terminals.

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