Global Payout, Inc. (OTC: GOHE) is pleased to announce that it has executed a Letter of Intent (“LOI”) with SinglePoint, Inc. (OTC: SING) a full service mobile technology provider whom Global intends to begin collaborating with to maximize its existing suite of financial technology solutions, including those utilized by its majority owned subsidiary, MoneyTrac Technology, Inc.
As Global continues to expand its financial technology service offerings to businesses operating across a wide range of industries, the Company continues to seek potential partnerships with other companies within the Fintech space whose technology can boost and optimize Global’s existing payment and financial technology platforms. Through this LOI, the Company intends to explore the technology optimization opportunities that may exist through the establishment of a joint venture with SinglePoint.
According to Global CEO, “SinglePoint’s knowledge and expertise in mobile payments and other mobile technology offerings is something we believe could be a significant addition to the financial payment platforms we have developed, and are still developing, for our clients in the many different industries we serve. We are also eager to use this agreement as an opportunity to examine how a partnership with SinglePoint can be leveraged to enhance the payment and financial solutions offered by MoneyTrac Technology, our majority owned subsidiary is focused on offering in the rapidly expanding multibillion dollar cannabis industry.”
As a pioneer in Fintech solutions, Global will continue to assess partnership opportunities that they identify as bringing value to the Company, its subsidiaries, and the clients they serve respectively.
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