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DIGITALX LIMITED — Capital/Financing Update 2017
Mar 13, 2017
64762_rns_2017-03-13_c0bd8f5c-d015-47e8-8221-5e68eb6f6537.pdf
Capital/Financing Update
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ASX ANNOUNCEMENT
14 March 2017
AirPocket Money Transfers live on iOS and new corridor rollout
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AirPocket money transfers now available on Apple iOS store
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iOS launch significantly enlarges AirPocket’s addressable market
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Money sending services launched to Bolivia, the Dominican Republic, and Honduras
DigitalX Limited (ASX: DCC and the Company ) is pleased to announce AirPocket money transfers are now live on iOS for free download on the App Store. After the successful rollout of money transfers to Mexico and El Salvador last week, AirPocket money transfers are now being offered to Bolivia, the Dominican Republic, and Honduras.
The AirPocket app’s remittance service allows users to send money from the US to Latin American destinations for cash pickup or direct bank deposit. Users can fund their money transfer via credit card, debit card, or bank transfer. Notably, users can fund their remittances by prepaid debit card, a method which is increasingly used by under-banked individuals in lieu of costly cash agents.
AirPocket delivers value to the immigrant community by offering low fees and exchange rate premiums that don’t change. AirPocket offers steady forex premiums in response to dissatisfaction with the ‘casino’-like experience remittance users face on competitor platforms, which offer forex premiums that fluctuate significantly throughout the day and across the week. The convenience of having an unchanging premium takes a significant step out of remittance users’ calculation of the optimal sending platform.
-ENDS-
For further information, please contact:
| DigitalX Limited | Investor Enquiries: |
|---|---|
Leigh Travers |
David Salmon |
| Chief Executive Officer | E: [email protected] |
| T: +61 439 376 847 | T: +61 416 626 836 |
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About DigitalX Limited
DigitalX is a Blockchain-enhanced software solutions group disrupting the payments industry. The Company’s flagship product, AirPocket allows consumers to make secure and cost-effective money transfers worldwide. Companies can use DigitalX’s AirID technology to leverage the benefits of the Blockchain.