iQSTEL, a US-based company offering 21st Century Enhanced Telecommunications Services, announced its letter of intent (LOI) agreement with Payment Virtual Mobile Solutions LLC (PayVMS) for building a VISA prepaid Debit Card. It will help the clients make online and offline purchases, withdraw cash from ATMs, recharge their prepaid mobiles, deposit money into bank accounts, or send money domestically and internationally through their mobile phones.

iQSTEL is known for its wide range of telecommunication services expected to generate nearly $40 million in annual sales in 2020. The company has also recently announced the launch of a new Fintech Division to serve the 272 million population of international migrants.

Founded by engineers, PayVMS (Payment Virtual Mobile Solutions) is a software development and technology company that exclusively focuses on the financial service industry to include e-commerce. PayVMS has already worked with MasterCard, VISA, Mifos X, 3CInteractive, FIS Global, ACI, Transfer-To, Uniteller, TIGO, Asterisk, Cisco, A2Billing, Stripe, Authorize.Net, Control Case, and Twillio. 

PayVMS blends industry expertise to provide fully customizable innovative payment solutions to the retail and telecommunications companies in the financial technology (FinTech) industry.

About iQSTEL Inc.

Based in the US, iQSTEL is a publicly listed company that offers 21st Century Enhanced Telecommunications Services to the Tier-1 and Tier-2 carriers, enterprises, corporates, and the retail market. Through its subsidiaries QGlobal SMS, SMSDirectos, Etelix, SwissLink, IoT Labs, and IoT Smart Gas Platform, it offers a “one-stop-shopping” for domestic and international VoIP services, IP-PBX services, Internet of Things (IoT) applications (IoT Smart Gas Platform), SMS exchange for A2P and P2P, OmniChannel Marketing, for VoIP, SMS, and Data.

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