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Xalles and Xped Execute New Payment System Licensing Agreement to Support Global Savings Network

·3-min read
Xalles Holdings Inc.
Xalles Holdings Inc.


Global Savings Network will relaunch in 2022 taking advantage of the Shomei Payment Platform to support real time local and international payments

WASHINGTON, DC, May 16, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- Xalles Holdings Inc. (OTC: XALL), a fintech holding company providing technology and financial services solutions, has executed a new licensing agreement with Xped Holdings Pty. Ltd. (“Xped”) of Adelaide, Australia, for its Shomei Payment Platform (“Shomei”).

Global Savings Network Inc. (“GSN”), a wholly owned subsidiary of Xalles Financial Services Inc., will customize the Shomei real-time payment platform to create a new payment solution. The GSN business model is to support local not-for-profit organizations through passive fundraising. The Shomei-based GSN system will enable GSN consumers to make mobile payments in-store, which will give the consumers discounts at the merchants plus cash back on their purchases. The system will also provide the merchant with real time payments as well as the not-for-profit organization will also receive their calculated fundraising payments as a percentage of the purchase total in real time.

“Our team will be working closely with the GSN team to deliver near-field communication (NFC) virtual cards and mobile wallets across multiple currencies,” said Keith Benson, CEO of Xped Holdings. He continued, “The system, supported by multiple technology patents, will also enable consumers to pay for goods and services using cryptocurrencies.”
“The new Shomei-based GSN system will enable seamless payments to all parties in our financial service ecosystem, including the consumers, merchants and not-for-profit organizations. Secure, real time and simple is our objective by acquiring this technology,” stated Terry Mowery, President, Global Savings Network Inc.

GSN will upgrade its technology platform and re-launch to its extensive merchant and consumer network using the Shomei-based GSN system by October of 2022.

About Xalles Holdings Inc. (OTC: XALL)
Xalles Holdings Inc. is a holding company that focuses on direct investments in disruptive fintech companies. The company actively seeks acquisition targets in which it can invest and accelerate growth, targeting companies with solid management teams and business models, large total attainable markets (TAM), and lucrative exit opportunities. The company places emphasis on leveraging blockchain technologies to provide industry-leading financial reconciliation and auditing solutions, which, over time, will allow for the capture of recurring revenue streams. For more information visit: http://xalles.com

Forward-Looking Statements Disclaimer:
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by the following words: "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "ongoing," "plan," "potential," "predict," "project," "should," "will," "would," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainty and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this press release. This press release should be considered in light of all filings of the Company that are contained in the Edgar Archives of the Securities and Exchange Commission at www.sec.gov and in OTC Markets at www.otcmarkets.com

Investor Relations Contact:
info@xalles.com
www.xalles.com
202.595.1299 Office


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