Greenpro Launches Trust Travel Card to Serve the Business Community Throughout the Asia Pacific Region
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Insights
The launch of Greenpro Capital Corp.'s Trust-linked, numberless credit card represents a significant move into the burgeoning digital payments space. The card's emphasis on privacy and security, with numberless design and enhanced controls, addresses growing consumer concerns about data breaches and financial fraud. From a financial perspective, the expansion of payment services to the Asia Pacific region taps into a vast customer base, potentially driving revenue growth and diversifying income streams for Greenpro.
The integration with the Trust account and the Green-X Digital Asset Exchange suggests a strategic move to create a comprehensive financial ecosystem, which could attract high-net-worth individuals (HNWIs) looking for alternative investment opportunities. This could lead to an increase in customer retention and acquisition, as well as expanded transaction volumes. However, it's important to monitor the adoption rate and usage of the new credit card, as well as the operational costs associated with its rollout and support.
Greenpro's initiative is poised to capture a significant market share in regions like Greater China, India and Southeast Asia, which are experiencing rapid financial digitization. The unbanked population in these areas presents a ripe opportunity for financial inclusion initiatives. By offering services tailored to the needs of the unbanked, Greenpro could establish itself as a key player in the alternative financial services market.
It will be crucial to analyze consumer behavior in response to the Trust Travel Card, particularly in comparison to existing digital payment solutions. Market penetration will depend on the card's acceptance by VISA merchants and the convenience it offers over competitors. Additionally, the ability to withdraw cash at ATMs and the promise of global usability are features that could differentiate the product in a crowded market.
The introduction of a numberless credit card by Greenpro could have broader economic implications, especially in terms of financial inclusion and the promotion of cashless transactions in the Asia Pacific region. The focus on privacy and security might encourage more consumers to transition to digital payments, which can have a positive effect on economic efficiency and reduce the informal economy. However, it's essential to consider the macroeconomic environment, as fluctuations in currency exchange rates and regulatory changes could impact the card's usage and acceptance.
Moreover, the integration of a Digital Bank into Greenpro's ecosystem could stimulate financial innovation and competition, potentially leading to lower transaction costs and improved services for consumers. Nonetheless, the success of such an initiative will depend on the regulatory framework and the company's ability to navigate complex financial regulations across different countries.
KUALA LUMPUR, MALAYSIA / ACCESSWIRE / January 25, 2024 / Greenpro Capital Corp. (NASDAQ:GRNQ) has partnered with a leading digital payments provider to officially launch the Trust-linked, numberless credit card for the business community.
Greenpro Trust Travel Card will be rolled out to all its existing and potential clients through the Asia Pacific region, providing strong privacy with enhanced card security controls. With this card acting as a complementary payment channel to the Trust account, beneficiaries will be able to make payments globally to all VISA-accepting merchants. The card also permits beneficiaries to withdraw cash at automated teller machines (ATMs) and perform online and offline payments internationally.
The initiative is a further extension of Greenpro's efforts in providing alternative financial services to its existing communities and innovative offerings to the unbanked group. Greenpro's target is to facilitate transactions and flow of funds throughout the region of Greater China, India and South East Asia, where approximately a 3.5 billion population reside and transact.
Greenpro CEO, Dr. CK Lee said, "This Trust card will empower our community users and supporters to access financial channels where conventional routes may prove challenging. We are linking our Trust offerings and Green-X (Digital Asset Exchange) so HNWI can have alternative investment allocations while issuers on Green-X can tap on more sources of funding. We are also looking at integrating a Digital Bank to complete our financial ecosystem."
About Greenpro Capital Corp
Headquartered in Kuala Lumpur and a Nevada corporation, Greenpro Capital Corp. (NASDAQ:GRNQ), is a business incubator with strategic offices across Asia. With a diversified business portfolio comprising of finance, technology, banking, and Green-X for STOs, health and wellness as well as 30 years of experience in various industries, Greenpro has been assisting and supporting businesses and High-Net-Worth-Individuals to capitalize and securitize their value on a global scale. This is done through the provision of cross-border business solutions, spinoffs on major stock exchanges and accounting outsourcing services to small and medium-size businesses located in Asia. The comprehensive range of cross-border business services include, but are not limited to, trust and wealth management, listing advisory services, transaction services, cross-border business solutions, record management services, accounting outsourcing services and tax advisory services. Greenpro also operates venture capital businesses, including business development for start-ups and high growth companies.
For further information regarding the company, please visit http://www.greenprocapital.com.
The Green-X exchange can be found at https://www.green-x.io/
Forward-Looking Statements
This press release contains forward-looking statements, particularly as related to, among other things, the business plans of the Company, statements relating to goals, plans and projections regarding the Company's financial position and business strategy. The words or phrases "plans," "would be," "will allow," "intends to," "may result," "are expected to," "will continue," "anticipates," "expects," "estimate," "project," "indicate," "could," "potentially," "should," "believe," "think," "considers" or similar expressions are intended to identify "forward-looking statements." These forward-looking statements fall within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 and are subject to the safe harbor created by these sections. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, transactions or orders that may be cancelled, and other factors that may cause our actual results, performance or achievements, or developments in our industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties related to the fluctuation of local, regional, and global economic conditions, the performance of management and our employees, our ability to obtain financing, competition, general economic conditions and other factors that are detailed in our periodic reports and on documents we file from time to time with the Securities and Exchange Commission. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date, and the Company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement.
GRNQ has 7,575,813 million shares issued and outstanding with a float of 3,831,677 shares
Gilbert Loke, CFO, Director
Greenpro Capital Corp.
Email: ir.hk@greenprocapital.com
Phone: +852-3111 7718
Contact Dennis Burns. Investor Relations.
Tel (567) 237-4132
dburns@nvestrain.com
Phone: +603-2201 3192
mycorp@greenprocapital.com
SOURCE: Greenpro Capital Corp.
View the original press release on accesswire.com
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