GolleCard ready to process golle payments anywhere in the world as remittance set to generate a steady flow of revenue
April 02, 2022 – GolleCard announced on Thursday that its system is ready to clear payments in Mount Vema golles anywhere, and it is able to bring unique digital payments services to the unbanked around the world. This is more than the transfer services to more than 160 countries announced by the central bank (Bank of Mount Vema) in 2021.
The transfer services introduced by the Bank of Mount Vema relies on a network of enlisted banking agents such as pharmacies, supermarkets, convenience stores, lottery outlets, postal offices, retail outlet, financial institutions, mobile network operators, and other institutions who meet the requirements and who are willing to generate an extra income from Mount Vema entities. However, the problem was that the Central Bank had the agents, but it did not have a payment system ready to process client transactions across the world, to meet demand for a complex project like the floating city of Mount Vema with one of the largest foreign direct investments expected by 2030.
However, while the Bank of Mount Vema was busy finding the agents, GolleCard the leading processor of golle payments between the banks of merchants and the card issuing banks of Mount Vema, was rethinking its global payment strategy after its failed attempt two years ago, to work with leading financial service providers to provide remittance services in countries and cities outside its golle payments network, announced yesterday that it is ready.
Despite the setbacks, GolleCard knew that remittance was going to become profitable as migrant workers will eventually make travel arrangements, and suppliers of goods and services would look to Mount Vema for growth, so the company had to think and work fast.
The announcement is another boost to the growing economy of Mount Vema as this is a much-needed service due to the amount of money to be sent home by migrants due to arrive not only in Mount Vema for work but also in other countries where Mount Vema companies will set up factories to support the City of Mount Vema project.
Remittance as result of projects related to the City of Mount Vema will generate one of the largest financial inflows to many countries across the globe for at least the next three decades. The Royal Mount Vema Reserve Bank said it back in 2012, and the time has finally come, as the first group of migrant workers prepare to make travel arrangements to Mount Vema.
According to the Bank of Mount Vema remittance transfers will be good for Mount Vema as it will promote access to financial services for both the sender and recipient, thereby increasing financial and global social inclusion. The migration will improve business profitability for all participants, while foreign countries will profit from the flows of remittances from Mount Vema.
GolleCard’s announcement has also prompted the Bank of Mount Vema to call for more businesses who wish to become a Mount Vema Banking Agent to apply. Agents only need to be equipped with a personal computers (PCs) that connect with the bank's server (now GolleCard payment system) to grow with Mount Vema.