NetworkNewsWire Announces Publication Discussing FinTech's Role in Disrupting Traditional Financial Services

September 28, 2017 8:30 AM EDT | Source: NetworkNewsWire

New York, New York--(Newsfile Corp. - September 28, 2017) - NetworkNewsWire ("NNW"), a multifaceted financial news and publishing company, today announces the publication of an editorial featuring Global Payout, Inc. (OTC Pink: GOHE), a client of NNW that provides comprehensive payment solutions that can be fully customized for virtually any domestic and international organization distributing money worldwide.

The publication, titled, "Standout Players in the FinTech Revolution Contribute to the Shakeup of Traditional Banking," shines a light on companies shaking up traditional banking with FinTech solutions.

To view the full publication, visit: https://www.networknewswire.com/standout-players-fintech-revolution-contribute-shakeup-traditional-banking/

"The key benefits of the FinTech industry are improved accessibility to lending options and an accelerated application process for businesses and individual consumers, and traditional banks and other financial institutions are feeling the effects. A recent executive summary on global FinTech released by PwC indicates that 30 percent of consumers intend to increase their usage of nontraditional financial services providers during 2017, while only 39 percent planned to continue using traditional financial services providers.

"While Global Payout is chiefly focused on logistics and shipping, international travel companies, banks and small-to-medium-sized businesses, the company is taking advantage of increased consumer demand for FinTech and has positioned its MoneyTrac subsidiary to provide a full-service solution for alternative banking and electronic financial solutions for companies in high-risk industries such as cannabis and cryptocurrency.

"One of these opportunities blossomed into fruition earlier this month when MoneyTrac signed a letter of intent (LOI) with BlazeNow, Inc., an advertising and data collection platform that NY Daily News once called the Yelp of the marijuana industry (http://nnw.fm/eurE5). The intention of the LOI is to create a joint-venture partnership that enables MoneyTrac and BlazeNow to merge their industry-specific resources to substantially grow both brands as they serve the marijuana industry."

About Global Payout, Inc.

Since the company's inception in 2009, Global Payout, Inc. has been a leading provider of comprehensive and customized prepaid payment solutions for domestic and international organizations distributing money worldwide. In 2014, Global Payout introduced its first online payment platform, called the Consolidated Payment Gateway (CPG), which allowed its enterprise clients to transfer money to international bank accounts, mobile accounts, and prepaid card accounts. The development of the CPG became the foundation for the introduction of its new, state-of-the-art FINTECH payment system in 2017, designed for both online and mobile applications to allow account holders to maximize an expanded suite of financial services and minimize operational costs. Global Payout will continue to offer its FINTECH payment system to many vertical markets for support of foreign currency exchange and digital currency, including ongoing support of the banking industry and international governments.

For more information, visit www.GlobalPayout.com.

About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today's market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

For more information please visit https://www.NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

Forward-Looking Statements

This 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. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.

NNW Contact:

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

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