First Global Data has entered into a strategic partnership agreement with TelKash UK and Telkash Americas Group.
The deal will allow Telkash to launch its own branded money remittance and payments services using the First Global technology platform including its mobile wallet.
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First Global Data will also enable Telkash to leverage its Money Service licenses in the USA, Canada, and other countries internationally.
In return, Telkash will provide First Global with access to over 50,000 pay-in/pay-out locations across the UK; over 16,000 pay-in locations for mobile wallet loading and bill payment services in Canada; more than 8,000 pay-in and pay-out sites in the Philippines; and 10,000 pay-out sites in Vietnam.
Also, Telkash will integrate services in Africa, Dominican Republic, Panama, Bolivia, Peru, Australia, India, Hong Kong, China, USA, Belgium, Germany, Switzerland and Netherlands and First Global will have access to all of these geographic networks.
Telkash Americas Group CEO Lawrence Chan said: "We are pleased to partner with First Global and their bleeding edge end to end payment/remittance ecosystem that enables us to exponentially maximize revenue opportunities given our massive global distribution footprint."
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By GlobalDataFirst Global chairman and CEO Andre Itwaru said: "We will overlay our technology with the TelKash global distribution network for mobile payments, loading and payouts. Accessing the Telkash network will accelerate our global deployment strategy and drive significant revenues for both companies."
