Delivering Value: MTrac's Mobile Payment Platform Expands Rapidly
August 15 2019 - 8:00AM
InvestorsHub NewsWire
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Delivering Value: MTrac’s Mobile Payment
Platform Expands Rapidly
SAN
DIEGO, CA -- August 15, 2019 -- InvestorsHub NewsWire -- Global
Payout Inc. (OTCPink:GOHE,
GOHED)
(“Global” or the “Company”) and its wholly-owned subsidiary MTrac
Tech Corporation (“MTrac”) are pleased to announce that MTrac’s
recent foray into the retail cannabis delivery sector has, to date,
demonstrated a much stronger growth trajectory than initially
anticipated when the Company launched this service offering in June
of this year.
Eager to capitalize on the diverse and expanding
retail cannabis industry, MTrac, in June, announced the
availability of cellular mobile payment terminals to allow retail
cannabis delivery drivers to accept electronic payments from
customers on-site. Since the launch, upwards of 700 such terminals
have been deployed to a variety of merchants operating within this
market segment and the Company expects to see this number continue
to increase through the duration of 2019 as this specific market
sector of the industry expands.
Operating in a cash-heavy industry, delivery
drivers are at particular risk for theft and loss presenting a
serious public safety concern. With MTrac’s payment solution,
merchants offering delivery services are presented with a sensible
and more convenient alternative to cash and thus contributes to a
safer and more efficient process for merchants, drivers and
consumers alike. The Company believes that these advantages, in
particular, are helping to drive the success of this portion of
their payment solution and anticipates that it will be a driving
force behind MTrac’s overall growth initiatives for
2019.
About Global Payout,
Inc. (OTC
Pink:GOHE)
Since
the Company's inception in 2009, Global Payout, Inc. has been a
leading provider of comprehensive and customized prepaid payment
solutions. From
2014 to 2017 Global focused on identifying new state of the art
technologies in a variety of industry sectors and successfully
helped launch MoneyTrac Technology Inc. and other companies within
the FinTech space. In 2018, Global completed a reverse triangular
merger with MoneyTrac Technology Inc. resulting in Global retaining
the wholly owned subsidiary, MTrac Tech Corporation. Global’s
current focus is continuing to identify new business opportunities
while it reorganizes its future business
endeavors.
About MTrac
Tech Corp.
MTrac
Tech Corporation, a Nevada Corporation, is a privately held, wholly
owned subsidiary of Global Payout, Inc. MTrac is a software
technology, sales and marketing, and business development company
focused on “high risk” and “high cost” industries. The Company’s
flagship product is the MTrac payment platform offering a
full-service solution with technology offerings including Payment
Platform, Blockchain, Compliance, POS, E-Wallet, Mobile Application
and Digital Payment Solutions. We are one network disrupting the
status quo. It is MTrac’s creative vision through the use of its
innovative technology solution to become the premier service
provider offering the “Key to
Cashless®.”
Forward-Looking Statements
Disclaimer:
This
press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
In some cases, you can identify forward-looking statements by the
following words: "anticipate," "believe," "continue," "could,"
"estimate," "expect," "intend," "may," "ongoing," "plan,"
"potential," "predict," "project," "should," "will," "would," or
the negative of these terms or other comparable terminology,
although not all forward-looking statements contain these words.
Forward-looking statements are not a guarantee of future
performance or results and will not necessarily be accurate
indications of the times at, or by, which such performance or
results will be achieved. Forward-looking statements are based on
information available at the time the statements are made and
involve known and unknown risks, uncertainty and other factors that
may cause our results, levels of activity, performance or
achievements to be materially different from the information
expressed or implied by the forward-looking statements in this
press release. This press release should be considered in light of
all filings of the Company that are disclosed on the OTC
Markets.com website.
Media
Contacts:
Global Payout,
Inc.
www.globalpayout.com
(702) 790-2511 Ext. 101
Ir@globalpayout.com
MTrac Tech Corp.
www.Mtractech.com
(702) 790-2511 Ext. 101
ir@mtractechcorp.com
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