Telupay International Inc (OTCMKTS:TLPY) has seen a fast rise in recent weeks from a little over $0.001 to recent highs near $0.02. After many months of inactivity TLPY has been trading millions of shares in recent days.
We have been covering TLPY for years noting in 2015; TLPY was a Stocktips promo that quickly turned into an EPIC failure that has resulted in huge loses for Stocktips following as well as hurt their ability to perform going forward. The stock exploded on their alert March 6 with Statler proclaiming ”TLPY My Biggest Pick EVER!”
Telupay International Inc (OTCMKTS:TLPY) says it has developed the next generation of secure mobile banking/payments technology (MBPS) designed for banks, mobile operators, credit card companies, micro-finance and other financial institutions. TelUPay offers customized services and continuously develops new applications that drive new revenue streams for its clients.
TelUPay’s bank-grade MBPS uses the most secure encryption technology available for both the bank and the end-user. Services include; fund transfers, P2P remittances both domestically and internationally, bill payments, merchant payments, mobile airtime purchases, balance inquiries and a host of other services designed to provide the ultimate convenience to the consumer at the lowest possible cost.
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Telupay said it has migrated its airtime service to Digital Telecommunications Philippines, Inc. (“DIGITEL”), a tier 1 provider of airtime, that has significantly increased revenues, coverage and reliability for TelUPay in the Philippine market. TelUPay’s airtime margins have increased by 15% to 25% since the migration. Currently over 50% of TelUPay’s revenues are generated from selling airtime to its mobile banking subscribers. “Migrating TelUPay’s airtime service to Digitel, has been a very positive advancement in TelUPay’s business. Not only do we receive higher margins, but our coverage and reliability has increased, which has played an important role in making TelUPay’s services more competitive and attractive to its Philippine clients and partners,” states Mr. Adrian Ansell, CEO of TelUPay.
In March 2015 TLPY announced it has signed an MOU with Xytrix Systems Corporation to manufacture self-service payment kiosks. Xytrix provides the hardware and TelUPay provides its payment technologies and its aggregator services to enable Filipino consumers to purchase mobile airtime, pay bills, top-up stored value cards for transit systems, convenience stores and restaurants, purchase prepaid electricity and conduct remittances through national remittance operators. Management’s goal is to deploy 1,000 kiosks by the second quarter 2016 in strategic locations like convenience stores, call centers, BPO’s and the Philippines EPZAs factories, servicing millions of Filipino workers.
Mr. Adrian Ansell, CEO of TelUPay said “The deployment of self-service payment kiosks is a critical part of our strategy in building out TelUPay’s branded ‘Tap-Tap’ service in the Philippines. Each unit installed will be initially accompanied by a TelUPay representative to introduce the service to the Filipino community. Upon maturity, we expect each kiosk to generate between 120 to 150 transactions a day.”
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Currently trading at a $2.8 million market valuation TLPY has minimal assets or revenues and rising short term debt. But TLPY is an exciting story developing in small caps that has attracted a fast growing shareholder base who see big things happening here. Currently the stock is moving up fast, its got a low float, its priced cheap and liquidity is growing rapidly. We will be updating on TLPY on a daily basis so make sure you are subscribed to microcapdaily.com so you know what is going on with TLPY.
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Disclosure: we hold no position in TLPY either long or short and we have not been compensated for this article.