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NEW YORK, April 5, 2021 /PRNewswire/ iQSTEL, Inc. (USOTC: IQST) today announced executing a work order to support its Florida based affiliated FinTech company, Global Money One, Inc., to create a financial mobile banking application to provide convenient and reliable services to the underbanked Hispanic community and other populations in the U.S. that lack access to bank accounts or other traditional financial services.
iQSTEL recently announced entering into an agreement with Payment Virtual Mobile Solutions, LLC (PayVMS) to build a Visa Prepaid Debit Card Service (PDCS).
The new Visa PDCS is being constructed under a new subsidiary corporation named Global Money One, Inc. (www.globalmoneyone.com). Under the agreement with PayVMS, iQSTEL will own 75% of Global Money One, Inc. with PayVMS owning the other 25%.
IQST - iQSTEL Selects FIS Global Next Generation Core Banking Platform For Global Money One VISA Solution Serving Unbanked and Underbanked In U.S. prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
/PRNewswire/ iQSTEL, Inc. (USOTC: IQST), an international provider of Telecom, Technology, Fintech and Blockchain solutions, today announced its new Visa.
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NEW YORK, Jan. 25, 2021 /PRNewswire/ iQSTEL, Inc. (USOTC: IQST) today announced that Goldman Small Cap Research has published an updated analyst report with a new target share price recommendation of $0.61, up from $0.54. Goldman further indicates the potential for IQST s share price to reach $1.00 later this year.
Goldman Highlights:
Based on its current valuation relative to its peer group and its entry into new, complementary high growth markets, IQST offers huge upside potential with limited downside risk.
Based on recent and future initiatives we are raising our 2020 revenue forecast to $44.8M, up from $42M and our 6-month target price to $0.61, up from $0.54, previously.
Dear Shareholders,
While 2020 was marked by the COVID-19 pandemic, with the closure of companies and countries completely paralyzed, iQSTEL was able to advance in the development of its business plan, reaching a $44.8 Million Preliminary Revenue Benchmark for FY-2020, and having a $60.5 Million Forecast Revenue for FY-2021. This was made possible by having a clearly defined vision and execution plan.
In the course of 2020, we incorporated three new subsidiaries into our business, with the acquisition of Qglobal, LLC and IoT Labs, LLC, and the creation of Global Money One, LLC. These three new companies, combined with our existing subsidiaries (Etelix, SwissLink and ItsBchain) create a portfolio of products and services well beyond just in the telecom arena.