Global Payout Loads $2.57 Million on International Prepaid Cards in 2013
SAN DIEGO, Sept. 3, 2013 /PRNewswire/ -- Global Payout, Inc. (OTC Pink: GOHE) has loaded more than $2.57 million in customer funds onto its International Prepaid Card platform year to date through August 9th, 2013. The Company will continue to build on this momentum throughout the remainder of 2013 and well into 2014.
In Q1 2013 load volume on the International Prepaid Card platform was $860,596, another $1.3 million was loaded in Q2 2013, which represents quarter over quarter increase of 52%. As the pipeline of new clients complete implementation in Q3 and Q4 of 2013, load and transaction volume will increase accordingly and contribute significantly to revenue growth for the Company in the coming quarters.
Global Payout is emerging as a leader in the International Prepaid Card industry, carving out a chunk of the $791 billion prepaid card market that has grown 22% since 2009. "This rapidly emerging market will provide Global with a solid pipeline of new business for the remainder of 2013, through 2014 and beyond," reports William Rochfort, Executive Vice President of Sales & Marketing.
Global Payout's CEO, Jim Hancock, states, "Now that program development is complete, we are keenly focused on implementation of new client accounts and ramping up an aggressive sales and marketing strategy that will produce significant growth of new accounts and revenues."
About Global Payout, Inc.
Global Payout, Inc., www.globalpayout.com, headquartered in San Diego, California, is a management consultant services company and program manager offering companies electronic payment and prepaid card solutions. Global Payout has a product line of prepaid products that can be utilized off the shelf or the company can customize payment solutions for qualified businesses. Through Global Payout's processors and solution providers, the company offers both international and domestic payment solutions. The company provides for U.S. and international prepaid cards allowing account holders without bank accounts to access funds worldwide. As program manager, reseller and consultant, Global Payout is a provider of prepaid cards in the U.S. for payroll and general spend programs. Additionally, Global Payout offers an electronic payment platform that will allow transfer of money to bank accounts, credit and debit cards, prepaid cards and remittance locations, worldwide.
Forward-Looking Statements Disclosure:
This press release may contain "forward-looking statements" within the meaning of the federal securities laws. In this context, forward looking statements may address the Company's expected future business and financial performance, and often contain words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "seeks," "will" and other terms with similar meaning. These forward-looking statements by their nature address matters that are, to different degrees, uncertain. Although the Company believes that the assumptions upon which its forward looking statements are based are reasonable, it can provide no assurances that these assumptions will prove to be correct. All forward-looking statements in this press release are expressly qualified by such cautionary statements, risk, and uncertainties, and by reference to the underlying assumptions.
SOURCE Global Payout, Inc.
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article