Hammer Fiber Optics - HMMR STOCK NEWS

HammerPay USA (OTC Pink: HMMR), a subsidiary of Hammer Fiber Optics Holdings Corp., has established HammerPay African Ventures to deliver mobile banking and virtual wallet solutions across Africa. Vaanii Baker has been appointed as Chairman of this new venture, bringing over 12 years of experience from the World Bank Group.

Baker's expertise includes strategic leadership, financial analysis, and project management. He has managed complex programs and led initiatives across government and private sectors. His appointment underscores HammerPay's commitment to addressing the estimated 400 million unbanked adults in Africa, aiming to promote financial inclusion and drive economic growth.

Michael Cothill, Executive Chairman of HMMR, expressed confidence in Baker's leadership to guide HammerPay's expansion and reinforce its position in mobile banking and financial technology.

HammerPay, a subsidiary of Hammer Fiber Optics Holdings Corp. (OTC Pink: HMMR), has introduced a zero-fee cash-in feature for its UBA Remit Wallet in Liberia. This move is designed to boost platform adoption by removing the financial burden on customers, thereby increasing transactions and user engagement. The initiative aims to bridge the gap between banked and unbanked populations, providing greater financial inclusion. CEO Gerald Sherman highlighted the strategic significance of this change in promoting wider adoption and offering merchants enhanced business opportunities through the wallet.

HammerPay, a subsidiary of Hammer Fiber Optics Holdings (OTC Pink: HMMR), has partnered with Mahalil Foreign Exchange Bureau in Liberia to enhance remittance services. The partnership, operational since March 2024, aims to extend HammerPay's reach via non-traditional banking relationships. HammerPay offers a robust digital wallet and neo-banking ecosystem, facilitating mobile payments and secure online transactions.

Mahalil, licensed by the Central Bank of Liberia, operates as a foreign exchange bureau and payment agent for various remittance services, including MoneyGram and Western Union. The partnership will enable Mahalil to offer HammerPay's UBA Remit Wallet as a remittance option, benefiting both wallet and non-wallet users.

Key benefits include extending HammerPay's reach to unbanked customers, driving new partnerships, creating new revenue streams, and offering cost-effective remittance options. The collaboration is expected to significantly impact the remittance market, enhancing financial inclusion and providing more accessible services.

HammerPay, a subsidiary of Hammer Fiber Optics Holdings Corp. (OTC Pink: HMMR), has partnered with EZ Current to provide affordable and convenient electricity services in Liberia. This initiative will leverage the UBA Remit Wallet, launched in August 2023, as a payment method for EZ Current's pay-as-you-go electricity services. Customers abroad can remit electricity packages via the EZ Current web portal using the wallet. The service will launch in July 2024. EZ Current, which started operations in Liberia two years ago with nearly 500 subscribers, aims to scale its offerings to over 300,000 Liberians in the diaspora. This partnership is part of Hammer's broader strategy to enhance financial and digital inclusion in Africa.

Hammer Fiber Optics Holdings Corp. (HMMR) is undergoing a major restructuring to transition from a traditional telecom company to a diversified entity with a strong focus on financial technology (FinTech). Its subsidiary, HammerPay (USA) , has launched a revolutionary digital wallet and neo-banking ecosystem, starting with the successful launch of the UBA Remit Wallet in Liberia in August 2023. The company aims to expand its FinTech presence across Africa and beyond, partnering with local ISPs like Spectrum Communications - Liberia. This strategic pivot includes divesting telecom assets to repurchase shares and fund technology advancements, minimizing shareholder dilution. HammerPay plans to transition to a more liquid senior exchange, anticipating higher profitability and increased capital availability.

HammerPay has partnered with Spectrum Communications to offer affordable internet services in Liberia, accessible via the UBA Remit Wallet. This service, launched on May 20, 2024, enables users to purchase data bundles ranging from 0.31 cents to $9.00, providing a 10% discount compared to market prices. Liberia's internet penetration is currently at 34%, with a 2.2% annual growth rate since 2021. The collaboration aims to enhance financial and digital inclusion, targeting key segments such as schools, universities, and police headquarters. Since its launch in August 2023, the UBA Remit Wallet has gained over 7000 downloads and onboarded nearly 1000 registered users and 20 merchants.

Hammer Technology Holdings (HMMR) announces a strategic restructuring plan to enhance shareholder trust and performance. The company has transitioned into a diversified holding entity with a focus on financial technology. Key initiatives include advanced financial reporting systems, improved media communications, and exploring senior exchange listings. Expertise from Cetus Capital and the CFO Squad will support acquisitions, capital raising, and financial filings. The company plans to divest telecommunication assets to fund technology initiatives and minimize dilution for shareholders.

Hammer Fiber Optics Holdings Corp (OTCQB: HMMR) reported significant operating and financial improvements for Q3 ended April 30, 2021. Total revenues reached $611,237, marking a 20.12% increase from the previous quarter and a 57.17% increase year-over-year, driven by strong OTT market performance. EBITDA improved to a profit of $15,620, contrasting with losses in previous periods. The company completed its first tower in Huntsville, AL, enhancing its wireless service capabilities. Additionally, development of the HammerCall platform continues to progress with strong user feedback.

Hammer Fiber Optics Holdings Corp (OTCQB: HMMR) launched DominicaVoice, a cost-effective calling solution for Dominicans in the U.S. COO Kristen Vasicek highlighted its affordability compared to previous options. The service includes online customer support and Top-Up services, catering to Caribbean preferences. CEO Erik Levitt aims to expand operations to other Eastern Caribbean markets, leveraging partnerships with Endstream Communications for enhanced reach. Hammer's strategy focuses on advancing wireless technology and developing high-speed fixed wireless services.