RedCloud Enters into Agreement to Launch 'Sube As A Service' for 16M users

 

RedCloud Enters into Agreement to Launch 'Sube As A Service' for 16M users

Today marks a landmark win for the London based FinTech company, RedCloud Technologies, as it announces the integration of Sube prepayment through its innovative...

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Today marks a landmark win for the London based FinTech company, RedCloud Technologies, as it announces the integration of Sube prepayment through its innovative 'Super-App', Red101, which, together with RedCloud's unique Agency Banking network, empowers retailers to become a new generation of financial services providers.

Sube is the latest service to be added to the rapidly expanding range of financial products delivered on-demand through the RedCloud platform, accessible from any mobile or connected device.

Similar to New York's, MetroCard, and London's Oyster Card, Sube is the contactless smart card system introduced in Argentina in February 2009 for use on public transport services, with over 16M users making 11 million trips per day.

Justin Floyd, CEO, and Co-founder commented, "RedCloud's launch of Sube will mean that retailers that are already using the Red101 super-app can now complete Sube transport card prepayments for their customers, and by doing so can massively increase their consumer footfall. Retailers and consumers want a better way of accessing electronic financial services without needing a bank or credit card, and we're pioneering the way in which existing retail infrastructure is used to create a global Agency Banking Network to distribute digital financial services at scale".

RedCloud continues to strengthen payment volume and transaction number growth through its platform and is targeting significant growth through a number of highly innovative digital financial services products that will be released into the market over the coming months.

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