Lynx Global Subsidiary DA5 Announces Partnership with Globe Telecom's GCash


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Vancouver, British Columbia - (Newsfile Corp. - June 8, 2021) - Lynx Global Digital Finance Corporation (CSE: LYNX) (OTC Pink: CNONF) (FWB: 3CT0) (“Lynx” or the “Company”) is pleased to announce that declare that its subsidiary Direct Agent 5 Inc. ("DA5") has completed the integration of the GCash e-wallet ("GCash") with the physical location infrastructure of DA5 and each of its two (2) mobile app platforms. According to surveys by 'App Annie', an authority for ranking digital applications (apps) worldwide, GCash is the number one financial app in the Philippines and is one of the top apps in the country for both Android and iOS platforms.

As the Philippine news agency announced on February 15, 2021, Mynt, the operator of GCash and a subsidiary of Globe Telecom Inc., said "its registered user base grew to over 33 million by the end of 2020 - 65 percent". higher compared to 20 million users recorded at the end of 2019. GCash exceeded its 2020 targets with transaction values ​​of over PHP 1 trillion, a maximum of PHP 7.5 billion per day gross transaction value, and more than 6 million transactions in a day including deposits, payments, banking and money transfers. "

Christopher Aldaba, President of Asia-Pacific at Lynx Global, said, "The capabilities provided by the DA5 network are a perfect match for GCash's needs. The 2,350 ever-growing DA5 domestic physical branches offer their users nationwide geographic coverage of GCash." to access cash in / cash out locations for offline transactions. Both the DA5 mobile app and the recently launched 'Swipe' app offer GCash platform solutions to facilitate GCash for online and mobile e-wallet transactions. With the recent and rapid integration of the DA5 "drives" to international physical locations around the world, GCash can now use its Filipino e-wallet for physical deposits / withdrawals or digital or mobile e-wallet transactions in international markets, in which DA5 has integrated its network infrastructure - for the first time, as far as I know, our DA5 partnership can help GCash go global. "

"As I recently stated, since joining Lynx Global, I have already expanded my brand directly to Vietnam, Canada, Australia and Singapore. I also announced a recent partnership that will bring the DA5, the DA5 financial rails and the DA5 -Mobile app to be integrated into an additional global network of over 320,000 physical cash-in / cash-out locations. This partnership with GCash offers significant potential mutual benefits. GCash is without a doubt the most widely used e-wallet in the Philippines today .DA5 is aggressively expanding into international markets and our global integrations can provide GCash with the platform to expand its presence worldwide - it's a real win-win for GCash and DA5 - we are without question a pair of truly innovative Filipino companies from World-class, "said Raymond Babst, Founder and CEO of DA5.

According to a report by ResearchandMarkets.com, the mobile wallet market size was estimated at over $ 1 trillion in 2019 and is projected to reach over $ 7.5 trillion by 2027 and grow at a CAGR of 28.2% from 2020 to 2027.

As Statista announced on May 12, 2021, digital and mobile wallets accounted for around 45 percent of global e-commerce payments in 2020, making the digital wallet by far the most popular online payment method worldwide. This proportion is expected to rise to over 50 percent in 2024. Digital and mobile wallets were the first choice for online purchases worldwide - for example, the digital or mobile wallet was the most popular of e-commerce transactions in the Asia-Pacific region with around 60 percent in 2020.

ABOUT LYNX DIGITAL GLOBAL FINANCE:

Lynx aims to become a leading provider of financial technology, solutions and services for large merchants, financial institutions and other partners in the B2B industry by integrating with the Lynx digital payment platform. The company's payment solutions are based on a wide range of payment technologies and services. The company has banking and fintech relationships in ASEAN and Oceania, a region of nearly 700 million people, which Lynx can offer as a financial network hub for the maintenance and operation of 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 range of payment solutions, which may include merchant acquiring solutions; Card issuance; Remittance and foreign exchange; and digital asset custody services, including digital wallet services. The company aims to grow organically while investigating potential strategic acquisitions that can add to critical technology applications, additional services and revenue streams, and that complement or enhance existing offerings and potentially increase or accelerate the path to future profitability. While Lynx believes that there are significant opportunities for the Company's strategic initiatives in the short term, there can be no guarantee that any goals or objectives will be achieved or that any such underlying effort or arrangement will produce successful or positive results should they be implemented.

For more information, please contact:

Michael Penner, CEO

(604) 396-9974

mpenner@lynxglobal.io

www.lynxglobal.io

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS SERVICE PROVIDERS HAVE VERIFIED OR TAKE RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS PUBLICATION.

FORWARD-LOOKING STATEMENTS: Certain information contained herein may constitute "forward-looking information" under Canadian securities legislation, including the DA5 initiatives described and the objectives and objectives of Lynx. In general, forward-looking information can be identified by the use of forward-looking terminology such as "will" or variations of such words and phrases or statements that certain actions, events or results "will occur". Forward-looking statements are based on estimates made by the company and are subject to known and unknown risks, uncertainties and other factors that could cause actual results, activity, performance or achievements of Lynx to differ materially from those expressed in the statements or implied or implied are any forward-looking statements or information, including capital expenditures, other costs or implied forward-looking statements. The company further advises that all forward-looking statements are inherently uncertain and that actual performance could be influenced by a number of material factors, many of which are beyond the control of the company. These factors include, but are not limited to: Risks and uncertainties related to the company's limited operating history and the need to comply with environmental and government regulations. There can be no assurance that these statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers are cautioned not to place undue reliance on forward-looking statements and information. Lynx does not update any forward-looking statements or forward-looking information referred to herein except as required by applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/86867

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https://dailytechnonewsllc.com/lynx-global-subsidiary-da5-announces-partnership-with-globe-telecoms-gcash/

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