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Message: Marble Financial Announces Technology Partnership with VoPay International

 



Vancouver, B.C. – TheNewswire - January 26, 2021 – Marble Financial Inc. (CSE:MRBL )OTC:MRBLF); (CNSX:MRBL.CN); (“Marble” or the “Company”) a financial technology company that empowers Canadians’ toward a positive financial future, is pleased to announce that it has partnered with VoPay International Inc. (“VoPay”) to deliver its open banking payments solution with coverage for thousands of new and existing MyMarble customers. This partnership which enables new payment options to consumers, simplifies the process for providing a single API integration to banking providers.

VoPay’s payment technology platform now provides Marble an ideal solution to enable customers to easily and rapidly incorporate electronic funds transfer (“EFT”) payments into their financial technology solutions. With VoPay’s integrated single payment API, Marble is able to improve customer retention and reduce costs, which results in rapidly expanded and streamlined payment options for MyMarble users and for the Company to expand its top-end revenue channels.

According to Payments Canada Methods and Trends (CPMT) 2020 report, EFT payments have increased and represent 61% of the total remote payments volume. This presents a growing preferred payment method by Canadians, something Marble has not been able to offer in the past.

The Software-as-a-Service (“SaaS”) financial wellness technology products offered on the MyMarble platform, combined with VoPay’s cost effective payments-as-a-service platform, overcomes many of the cost prohibitive financial issues associated with underserved Canadians not having access to mainstream online payment methods, which is a key part of their financial fitness.

VoPay’s leading payment innovation provides Marble with full visibility on their personal financial data, enabling our customer support full transparency and quicker response time to payment queries.

“We are very excited about partnering with VoPay to add a new payment option to Marble’s growing customer base and revenue streams,” said Karim Nanji, CEO Marble. “VoPay is a leader in payment processing with a world-class product when it comes to speed and efficiency. Our partnership with VoPay will position Marble to support rapid growth, and together we can further support Canadians that do not have access to credit as a payment option.”

“We are very pleased to partner with Marble Financial, we fully support their mission to empower Canadians to manage their money and improve their financial knowledge for a positive financial future,” said Hamed Arbabi, CEO and Founder, VoPay. “Using our open banking payment technology and fully customizable APIs, businesses like Marble can eliminate EFT payment inefficiencies and manage payments directly, allowing them to scale faster and focus on what they do best.”

This new partnership has enabled a more seamless payment experience for Marble Customers to help Marble further deliver Its mission in to empowering all Canadians to manage their personal finances, with credit building products, guidance and tools to optimize their credit wellness.

The Company has granted an aggregate of 2.135 million stock options under the company's stock option plan to its executive officers, management and certain consultants. These options expire in five years, vest in equal one-quarter amounts on the date of grant, and in each of the first year, second year and third year anniversaries from the date of grant and are issued at 40 cents per share.

ON BEHALF OF THE BOARD OF DIRECTORS

Karim Nanji, CEO

About VoPay International Inc. VoPay is a leader in payment innovation offering a single API that instantly connects businesses to global banking and payment networks with speed and transparency. The company has one goal: to eliminate all payment inefficiencies, so businesses can focus on what they do best in today’s fast-paced digital economy. Discover the art of seamless and secure bank payments at: https://vopay.com

About Marble Financial Inc. (CSE: MRBL; OTC: MRBLF) Marble leverages its proven data driven strategies utilizing the power of machine learning, data science, and artificial intelligence, through its industry-leading proprietary technology solutions Fast-Track, Score-Up, and Credit-Meds to engage in and navigate a clear path for Canadians towards financial wellbeing and a meaningful credit score. Since 2016, Marble is proud to have empowered thousands of marginalized Canadians to a positive financial future, and we continue to establish ourselves as leaders in financial wellness through the licensing of our proprietary products on the Marble Platform.

For further information, please visit the company's website at https://mymarble.ca

Source: TheNewsWire (January 26, 2021 - 1:01 PM EST)
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