ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

TCHH Trustcash Holdings Inc (CE)

0.000001
0.00 (0.00%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Trustcash Holdings Inc (CE) USOTC:TCHH OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.000001 0.00 01:00:00

TrustCash Comments on Its Mobile Payments Opportunity in Multi-Billion Dollar South American E-Commerce Market

05/08/2010 12:30pm

Marketwired


Trustcash (CE) (USOTC:TCHH)
Historical Stock Chart


From Jun 2019 to Jun 2024

Click Here for more Trustcash (CE) Charts.

TRUSTCASH HOLDINGS, INC. ("TrustCash" or the "Company") (PINKSHEETS: TCHH) today confirms it believes the large South American e-commerce market is ripe for the TrustCash Payment Technology suite of services, particularly the mobile solutions currently under development.

Using Brazil as an example, e-commerce growth presents a great opportunity for TrustCash in South American countries (http://www.newmediatrendwatch.com/markets-by-country/11-long-haul/42-brazil):

  • 64.6 million people will use the internet in Brazil by 2013, according to eMarketer. This would be up from 44.2 million in 2009.
  • E-commerce in Brazil, like many other internet activities in that country, is maturing quickly. Between the first half of 2005 and 2008, e-commerce revenues have nearly quadrupled to reach BRL3.8 billion ($2.2 billion), according to the e-bit's "Web Shoppers" study.

Regarding the mobile payments opportunity in South America, Brazil also provides a great look into the potential. A 2009 mobile payments report on Brazil stated the following:

  • "The Brazilian mobile payments market is a promising one."
  • "The rapid growth in access to mobile telecommunications in Brazil has created new opportunities to provide secure, low-cost financial services using the local mobile networks."

The full report can be viewed at:

http://www.upaid.net/doclib/Upaid_Mobile_Payments_Report_Latin_America_2009.pdf

TrustCash has been contacted to explore opportunities in South America and the Company feels its products have vast potential for online shoppers in South and Central America.

TAKE OUR ONLINE SURVEY

Tell us where you want to use TrustCash at:

http://www.trustcash.com/contact-us/signup-to-trustcash/

ABOUT TRUSTCASH

The TrustCash™ platform delivers a sophisticated, comprehensive online payment processing system.

The TrustCash technology infrastructure provides merchants with open access, PCI compliant payment processing. TrustCash™ is an E-commerce expert providing online businesses with payment solutions needed to be successful.

Cautionary Statement Regarding Forward-Looking Statements

A number of statements contained in this press release are forward-looking statements. These forward-looking statements involve a number of risks and uncertainties, including the sufficiency of existing capital resources, technological changes and uncertainties related to the development of TrustCash's business model. The actual results TrustCash may achieve could differ materially from any forward-looking statements due to such risks and uncertainties.

Contact: TrustCash Holdings, Inc. Shareholder Communications Email Contact: Email Contact 1-800-975-5196

1 Year Trustcash (CE) Chart

1 Year Trustcash (CE) Chart

1 Month Trustcash (CE) Chart

1 Month Trustcash (CE) Chart

Your Recent History

Delayed Upgrade Clock