Midpoint Launches Israeli Shekel, Indian Rupee and Promotes Shovan Tamjidi to Operations Manager
February 18 2021 - 10:50AM
Midpoint Holdings Ltd. (TSXV: MPT)
(“
Midpoint” or
the“
Company”) is pleased to announce that the
Company has launched Israeli Shekel (ILS) priority SWIFT payments
and Indian Rupee (INR) local payments. Further, the Company has
appointed an Operations Manager to the operating company.
Midpoint Launches Israeli
Shekel
Midpoint has launched Israeli Shekel (ILS)
priority SWIFT payments. The shekel is the 25th currency that the
platform offers. “Adding ILS to our currency offerings affords the
Company greater foothold in one of Middle East’s most vibrant
economies,” commented David Wong, CEO of Midpoint.
Midpoint Launches Indian
Rupee
Midpoint has launched Indian Rupee (INR) local
payments. The rupee is the 26th currency that the platform offers.
“Adding INR to our currency offerings affords the Company greater
foothold in one of Asia’s most up and coming economies. We now have
a competitive product in the Indian homeward remittance space,”
commented David Wong, CEO of Midpoint. “We would be looking to
offer up to 40 currencies in the coming quarters and would welcome
feedback and client suggestions on their preference,” Wong
added.
Shovan Tamjidi appointed Operations
Manager
In addition, the Company has appointed Shovan
Tamjidi as Operations Manager of the subsidiary operating company.
“Shovan joined the firm as an Operations Analyst and has
demonstrated unwavering commitment to the business, not to mention
a new fresh outlook,” said David Wong.
“I am grateful for this opportunity and am
looking forward to embracing a new set of challenges and learning
from this role. I am really impressed with the team culture here at
Midpoint and I am pleased to be part of the Midpoint team and the
Company’s exciting future and look forward in helping the Company’s
next stage of growth,” said Shovan Tamjidi.
About Midpoint
Headquartered in London, UK, Midpoint is an FCA
authorized payments institutions specializing in cross-border
payments and foreign exchange. SMEs, overseas professionals,
property owners, foreign students, individuals, and anyone involved
in international payments use Midpoint for transparent,
multi-party, multi-currency services. Midpoint currently handles
transactions in 26 currencies with the ability to collect and
transfer across over 200 countries. This highly secure platform
provides customers with the most cost-effective FX at the midpoint
of the interbank buy/sell rate, therefore removing the spread as
well as hidden costs and fees.
Midpoint Holdings Limited is listed on the TSX
Venture Exchange and cross-listed on the Frankfurt Stock
Exchange.
For information on Midpoint, please visit:
https://www.midpoint.com.
For further information please
contact:
Corbin Comishin, CFO |
David Wong, Chairman and CEO |
Midpoint Holdings Limited, |
22-25 Portman Close,
Marylebone, |
505 Kootenay Street, Nelson, |
London W1H 6BS, United
Kingdom |
British Columbia V1L 1K9,
Canada |
Tel: 0044 20 7448 3082 |
Tel: 001 250 352 7667 |
Email: info@midpoint.com |
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disapproved of the contents of this news release.
Forward-looking information
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“forward-looking information” within the meaning of applicable
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forward-looking information. For a description of the risks and
uncertainties facing Midpoint and its business and affairs, readers
should refer to Midpoint’s Management’s Discussion and Analysis.
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