HammerPay Announces New Digital Fintech Platform; Launch Coming to Africa
New York, New York – (Newsfile Corp. – October 3, 2022) – Hammer Technology Holdings (OTCQB: HMMR) [“Hammer Fiber Optics Holdings Corp”]recently announced that flagship Fintech subsidiary HammerPay, set to debut in Q4 2022, will launch a new mobile phone and web portal private digital e-wallet platform for market distribution in Africa.
Powered by HammerPay, the Remittance Service Deliver Platform (RSDP) with its private digital e-wallet service will help banks, wallet operators, telecoms, as well as merchants and agents to quickly access digital infrastructure with the Wallet-as-a Service delivery model . The digital e-wallet platform in its first release, Release 1.0, will include facilities and functions that provide Cash-in and Cash-Out; Bank to Wallet and Wallet to Bank; money transfer; Ask for money; Scan to pay; as well as Geolocation services for sellers and agents.
“We are partnering with a major financial services provider, one with whom we have built a strong, respected and collaborative relationship over the past 18 months in the development, integration, testing, assurance and customization of our services and products. We are now bringing anything on the market,” said Gerald Sherman, the company’s president and CEO. “As part of a mutually shared digital-first approach to deliver quantifiable results to markets, we stand ready with our partners to deliver a range of innovative, expanding, reliable and secure services – the kind of services that existing customers can rely on leverage and benefit from; the kind of services that underbanked and unbanked consumers can access as part of our larger ambition to drive and ensure financial inclusion across Africa. These are the kinds of services that will leverage financial technology to to improve people’s lives; and continue to connect the diaspora capital to the continent; starting in my own country, Liberia”, he added.
The launch of the private digital e-wallet and its customized app and web portal with its range of innovative services will offer the market a truly unique and enabling service. HammerPay through its Africa distribution partnership built over the past 18 months will see the company gain a foothold in the continent’s fast-growing Fintech space.
Michael Cothill, executive chairman of parent company Hammer Technology Holdings said, “this launch, planned for Q4 2022, allows us to broaden the focus of the company’s investment resources to a more diversified technology strategy. As we coordinate joint public statements with our marketing partner over the next few weeks will our focus on partnerships with financial services providers shows that we have taken the right path here; one that gives us access to markets and very solid relationships; one that will see us start to enter countries in Africa, to serve clients under this diversified strategy and lay the foundations for long-term growth”, he said.
The private digital e-wallet features dynamic color theme and a display of the active wallet’s real-time cash balance on a virtual card that appears in a top banner on the user’s front lock screen. Various tabs are shown below that allow users to easily navigate the wallet services and features. Accounting rows are also displayed further down to provide immediate, pending and historical balances and report of transactions carried out in the private digital e-wallet.
Using the Remittance Service Deliver Platform – powered by HammerPay, the private digital e-wallet will be available on both Apple iOS and Android operating systems for mobile users through the Google Play and Apple App stores respectively upon launch of the service. Consumers, merchants and agents will have these offers in a digital e-wallet app available for download, registration, registration, personalization and transaction of services. Consumers, merchants and agents will also have the digital e-wallet available through a tailored online portal.
In the future, as part of the subsequent release to address remittance, version 1.1 of the private digital e-wallet will connect bank ATM cards, debit cards, prepaid and credit cards, as well as virtual e-cards for merchant redemption, for extensible wallet uses which will be extended to open and closed cross-border transfers. The release will include merchant, agent, bank and peer-to-peer transactions with respect to remittances. Version 1.1 will include digital redemption of e-cards for merchants; bill payments; online portal and digital e-wallets, as well as e-commerce services.
The current release, Release 1.0, private digital e-wallet, will begin rolling out to smartphones in Liberia, West Africa, with the planned launch for Q4 2022.
About HammerPay
HammerPay (USA) Ltd, a wholly owned subsidiary and brand operated by Hammer Technology Holdings, is a mobile-first digital technology product powering digital stored value services for businesses and consumers, including those previously left out of the digital revolution. HammerPay was developed to scale a highly attractive digital cash/cashless solution to be deployed with partners worldwide, delivering expertise to both developed and developing economies. HammerPay connects mobile consumers to cashless purchases and invoice payments, which immediately enables broad consumer adoption. For more information, contact Investor Relations at [email protected].
About Hammer
Hammer Technology Holdings [“Hammer Fiber Optics Holdings Corp.”] (OTCQB:HMMR) is a company that invests in the technology of the future. Hammer has expanded his strategy to focus on the rapidly evolving world of innovative technology and, in an effort to keep pace, has restructured the group to allow for the creation of more related verticals. In addition to its “Everything Wireless” strategy that includes the deployment of high-speed fixed wireless service for homes and small businesses, Hammer has entered the Fintech industry which is rapidly becoming the mainstream technology powering today’s telecommunications applications. For more information contact Investor Relations at [email protected].
Forward-looking statements
This press release contains projections and other forward-looking statements about future events or our future financial performance. All statements other than current and historical facts and conditions in this release, including any statements regarding our future results of operations and financial position, business strategy, plans and our goals for future operations, are forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995, section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities Exchange Act of 1934, as amended). These statements are only predictions and reflect our current beliefs and expectations with respect to future events and are based on assumptions and subject to risks and uncertainties and may change at any time. We operate in a highly competitive and rapidly changing environment. New risks emerge from time to time. Given these risks and uncertainties, you should not rely on these forward-looking statements. Actual events or results may differ materially from those contained in the projections or forward-looking statements. Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
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