Lynx Global launches DA5 Australia and activates DA5



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Vancouver, British Columbia – (Newsfile Corp. – June 17, 2021) – Lynx Global Digital Finance Corporation (CSE: LYNX) (OTC Rose: CNONF) (FSE: 3CT0) (“Lynx” or the “Company”) announces today that its subsidiary Direct Agent 5 Inc. (“DA5”) has opened up direct operational payment distribution channels to serve the Vietnamese market through API integration with FinFan – Vietnam’s largest provider of global remittance services.

In an effort to meet pent-up demand in the Australasian market for this specific silver rail, and to streamline the company’s branding under the Lynx Global banner, Lynx’s Australian subsidiary Arkin Technologies now has been renamed in Direct agent 5 PTY. LTD. (“DA5 Australia“) for sales, marketing and operational purposes. DA5 Australia is a registered Australian Transaction Analysis and Reporting Center (” AUSTRAC “) with a Rebate License and a Supplier License. digital currency exchange services in Australia.

“Our recently launched DA5 Australia operations can now offer our customers cross-border money transfer services, as well as the exchange and trade of money for digital currency and digital currency for fiat in this marketplace. Here in Australia, demand from the Vietnamese and Chinese people who support our efforts is significant and now that the FinFan rails are open, we expect substantial volumes of remittances and currency to start being processed, ” said Mr. Yeoryios Markos, President of DA5 Australia.

“It’s an investment in a relationship with DA5 founded on principles that go beyond being recognized as industry leaders – those of trust, honesty and good faith that we share when we bring flagship products to communities where the reach and success of real-time cross-border transactions are transaction disbursements to accounts, cards, e-wallets, ATMs or IBANs are most critical. Where we shine is not only disbursements to loved ones across the globe, but also securing B2B payments anywhere in the world, where and when your most customers need them through innovative collection services. smart, ”added Dr Tuyen NGUYEN, CEO of FinFan.

“As Lynx Global and its operating companies continue to expand its network of global distribution rail integrations, we continue to position ourselves at the forefront of providers of innovative and trusted money transfer solutions. As money transfer, forex and cryptocurrency payment services become more competitive every day, the greater the capabilities provided by a single source solution, the greater the differentiating advantage of the overall financial solution. This strategic integration between DA5 and FinFan further enhances our customer experience and expands the global coverage points of the exclusive DA5 Silver Rails, ”said Michael Penner, CEO of Lynx Global.

At the start of the COVID-19 pandemic, FinFan became the first neo-banking institution in Vietnam to use the Ripple XRP blockchain network and its global financial payments network called RippleNet. As part of RippleNet, which includes more than 300 financial institutions worldwide, FinFan, together with the partnership, has developed a more transparent solution for minimized transaction fees on demand, with a real-time bridge between the multi-currency exchange, which could be settled instantly in destination countries 24/7 – DA5 and the Lynx Pan-Global network now have full access to this FinFan infrastructure.

At the time of Ripple’s announcement, FinFan Founder and CEO Dr Tuyen NGUYEN said, “FinFan is bringing Vietnamese Generation Z to the world – the first fully digital generation – money beyond borders. is an experience. These demographics want their financial experiences to be transparent. , efficient and in line with their lifestyle preferences when sending money to loved ones. ”

About FINFAN

FinFan is a Central Bank of Vietnam (SBV) licensed cross-border money movement platform that helps service providers grow rapidly in unreached markets with a full range of transfer and payment services. FinFan is the first non-bank financial company to be licensed and to operate in Vietnam. Since its inception in 2007, it has grown considerably to become the number 1 money transfer company in the country. In 13 years, FinFan has added many other services to its portfolio, including money transfer abroad, payment, bill payment, collection, withdrawal, etc.

The digital banking revolution is taking Vietnam by storm and FinFan is considered one of the main players in this regard. By being the first non-bank institution in Vietnam to use RippleNet, it is redrawing financial boundaries by bringing a new level of efficiency and accessibility for cross-border transactions to and from the country.

By introducing new consumer technologies, Finfan today aims to provide a comprehensive basis for the future of financial infrastructures that facilitate cross-border transactions in real time. FinFan’s innovative financial transactions platform and textbook infrastructure network enables partners such as banks, MTOs, bill payment service providers, currency exchange / cryptocurrency traders and other digital financial institutions around the world to access these features easily, reliably and securely, to conduct transactions directly via Open API with the local market without the need for a central counterparty or separate correspondents.

ABOUT LYNX DIGITAL GLOBAL FINANCE:

Lynx seeks to become a leader in financial technologies, solutions and services for large-scale merchants, financial institutions and other B2B industry partners through integration with the payment platform digital Lynx. The Company’s payment solutions are based on a wide range of payment technologies and services. The company has targeted banking and fintech relationships in ASEAN and Oceania, a region with a population of nearly 700 million, which can provide Lynx with a financial network hub location to service and operate traditional global financial infrastructure. and digital. By working with selected banking and / or EMI approved partners, the Company will be able to offer a digital payment platform with a full suite of payment solutions, which may include merchant acquisition solutions; issuance of cards; remittances and currency; and digital asset custody services, including digital wallet services. The Company seeks organic growth while seeking potential strategic acquisitions that can bring critical technology applications, additional services and revenue streams, and which can complement or enhance existing offerings and potentially increase or accelerate the path to future profitability. . While Lynx believes that there are significant short-term opportunities for the Company’s strategic initiatives, there can be no assurance that the goals and objectives will be achieved or that such underlying efforts or agreements will yield positive results if they are implemented.

For more information please contact:

Michael Penner, CEO

(604) 396-9974

[email protected]

www.lynxglobal.io

https://t.me/Lynxglobalfinance

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATORY SERVICE PROVIDERS HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS COMMUNICATION.

FORWARD-LOOKING STATEMENTS: Certain information contained in this document may constitute “forward-looking information” under Canadian securities legislation, including the described initiatives of DA5 and the goals and objectives of Lynx. The economic materiality of the working relationship with FinFan is unknown due to the contingent nature of the results that can be generated. At this point, Lynx considers the FinFan relationship unlikely to generate any substantial short-term economic benefit for Lynx or DA5. However, Lynx and DA5 consider the business relationship to support the organization’s strategic growth plans. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “will”, or variations of such words and phrases or statements indicating that certain actions, events or results “will” occur. Forward-looking statements are based on the Company’s estimates and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Lynx are materially different from those expressed or implied by such forward-looking statements or information, including capital expenditures, other costs, or implied future forecasts. In addition, the Company cautions that all forward-looking statements are inherently uncertain and that actual performance may be affected by a number of important factors, many of which are beyond the control of the Company. These factors include, but are not limited to: risks and uncertainties associated with the Company’s limited operating history and the need to comply with environmental and government regulations. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Therefore, readers should not place undue reliance on forward-looking statements and information. Lynx will not update any forward-looking statements or forward-looking information that is incorporated by reference herein, except as required by applicable securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/87851

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