Mobilum Technologies enters into a service agreement with ZEN.COM for virtual IBAN accounts

Mobilum Technologies Inc. Logo (CNW Group/Mobilum Technologies Inc.)

VANCOUVER, BC, May 6, 2022 /PRNewswire/ – Mobilum Technologies Inc. (“Mobilum” or the “Company”) (CSE: MBLM) (OTC: MBLMF) (FRA: C0B), a technology-focused company that renders digital assets and cryptocurrencies accessible via traditional finance and payment infrastructure, and the leading provider of Fiat-to-Dex Tokens rail solutions, is pleased to announce that it has signed a service agreement with ZEN.COM to provide customers with Mobilum a dedicated virtual international bank account (IBAN).

ZEN.COM is an international fintech company, with an electronic money license issued by the central bank of Lithuania, which provides financial services in 31 European countries. ZEN.COM offers a complete suite of digital products and services, such as a payment card, a multi-currency IBAN account, an online payment platform, as well as associated unique advantages and additional customer protection. ZEN.COM has also earned the trust of major payment institutions and is a direct partner of many payment organizations, such as Mastercard, VISA, American Express and Union Pay. In cooperation with global and local payment methods, Zen strives to meet the most demanding user expectations.

Zen.Com Partnership (CNW Group/Mobilum Technologies Inc.)

Zen.Com Partnership (CNW Group/Mobilum Technologies Inc.)

Through this service agreement, ZEN.COM will provide Mobilum with the euro backend and execution infrastructure for Mobilum’s settlement accounts, which will enable Mobilum to provide virtual IBAN accounts for its customers to transfer funds and to remit cryptographic transactions via a SEPA transfer.

“We are very pleased to move forward with the agreement with ZEN.COM and to have the ability to provide dedicated bank accounts to digital asset companies and digital asset users worldwide” , said the CEO of Mobilum Technologies Steven LaBella.

“We are extremely excited to start a cooperation with Mobilium that allows us to bridge the world of digital and traditional assets. Through this partnership, ZEN’s integrated financial infrastructure gives Mobilum the ability to offer their customers virtual IBANs for withdrawing and receiving fiat currency via SEPA. On-account payment and on-account collection simplifies and speeds payment processing, while fraud and reconciliation errors are significantly reduced,” remarks the Chief Commercial Officer by ZEN.COM, Michał Bogusławski.

About ZEN

ZEN.COM is an international fintech company, with a digital currency license issued by the central bank of Lithuania, which provides financial services in 31 European countries. The company’s mission is to provide consumers and entrepreneurs with peace of mind in managing their money and purchasing transactions. To achieve this, the company offers a full suite of digital products and services, such as a payment card, multi-currency IBAN account, online payment platform, along with associated unique benefits and additional customer protection. ZEN.COM has offices in the Netherlands, Lithuania and Poland. For more information, visit zen.com.

About Mobilum Technologies Inc.

Mobilum Technologies Inc. (CSE:MBLM) (OTC:MBLMF) (FRA:C0B) is a technology-driven digital service provider (DSP) whose mission is to make digital assets and cryptocurrencies accessible through an infrastructure traditional financing and payment solutions and digital asset management. technologies, providing solutions for cryptocurrency exchanges, wallets and businesses, NFT marketplaces, protocols, decentralized applications and decentralized autonomous organizations, Metaverse and Play-to-Earn games, and traditional financial institutions (banks, hedge funds, insurance and fintech companies) opening its doors to the digital asset space. Our goal is to enable consumers around the world to convert fiat to crypto and crypto to fiat with Mobilum’s access and exit solutions. Mobilum has offices in Canada, Estonia, Lithuania, Poland, and the United States. For more information, visit Mobilum.com.

For more information: please contact Meredith or Julie, Investor Relations, +1 (604) 609 6169 or email ir@mobilum.com

This press release may contain “forward-looking statements” within the meaning of applicable Canadian securities laws. Forward-looking statements are necessarily based on a number of estimates and assumptions which, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These statements can generally be identified by the use of forward-looking words such as “may”, “should”, “will”, “could”, “intend”, “estimate”, “plan”, “anticipate”. , “expects”, “believes”, or “continues”, or the negative thereof or similar variations. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause that future results, performance or achievements will be materially different from the estimated future results, performance or achievements expressed or implied by such forward-looking statements, and the forward-looking statements are not guarantees of future performance.

The statements of Mobilum expressed or implied by these forward-looking statements are subject to a number of risks, uncertainties and conditions, many of which are beyond Mobilum’s control, and undue reliance should not be placed on such statements. Forward-looking statements are qualified in their entirety by the risks and uncertainties inherent in the Company’s business, including: Mobilum’s assumptions in making the forward-looking statements may prove to be incorrect; adverse market conditions, including risks related to COVID-19 and the risks that future results may differ from historical results.

Except as required by securities law, Mobilum undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise.

Contact information:

Investor Relations
Purple Crown Communications
Phone: +1 (604) 609-6169
Email: IR@mobilum.com

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SOURCE Mobilum Technologies Inc.

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