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New Tech to Help 2 Billion People Without Bank AccountsLONDON, June 21, 2018 /PRNewswire/ -- For all the talk of an emerging "cashless" society, in much of the world cash is still king. In Mexico, it's estimated that 65 percent of the adult population is still without a traditional bank account - and 80 percent of all financial transactions are conducted in cash. Yet an upstart company is working to change that. Mentioned in today's commentary includes: DPW Holdings Inc. (NYSE: DPW), Square Inc. (NYSE: SQ), Teradata Corporation (NYSE: TDC), Advanced Micro Devices Inc (NASDAQ: AMD), Rapid7 Inc (NASDAQ: RPD). QPAGOS stands virtually alone in aiming to introduce the 2 billion unbanked consumers around the world to the entire digital electronic "ecosystem" - one that includes cell phone "wallets," cellular advertising, point of sale payments, bill paying and more. In Mexico, there is currently no comparable technology and QPAGOS has a virtual monopoly on the electronic payment market among the unbanked. Experienced management team: In addition, QPAGOS's (QPAG) management team has unique experience in both the Latin American market as well as in the financial services, IT, telecom, and digital payment industries. The broad international resources available to the management team give QPAGOS a foundation for rapid expansion across multiple markets. The CEO, Gaston Pereira, is a seasoned financial executive whose experience includes serving as CEO of IUSATEL Chile, MARCATEL Mexico and as vice president and country manager for Citibank. Chief of Operations Andrey Novikov served as vice president for business development at a large Russian electronic payments company, Qiwi. And the Independent director James Fuller served as Chairman of the Board of the Pacific Research Institute, Senior Vice President of the New York Stock Exchange (NYSE) and past president of both the Bull and Bear Group and Morgan Fuller Capital Group. Undiscovered windfall: Right now, QPAGOS is a relatively small, brand-new company. Yet already its stock has shot up 114 percent just in the past few months as word of its unique position in the self-serve payment market spreads. At the moment QPAGOS is generating annual revenue of approximately $4 million with just 700 of its self-serve, touch-screen kiosks operational. If it adds an additional 3,000 kiosks per year, it's possible that QPAGOS could hit $35 million in sales in just 24 months. PAID ADVERTISEMENT. This communication is a paid advertisement. 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