According to the press release, the EVONET Global platform aims to create a new revenue stream and boost the competitive advantage of connected mobile wallet partners by offering digitised financial services and cross-border retail payment services.
The proceeds will be used to set up a platform for financial services to support interoperability among mobile wallet operators, QR code acquirers, and financial service providers. Once established, the platform will enable cross-border retail payment transactions and digitised financial services such as remittance, insurance, and other services on mobile wallets globally.
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