Vogogo Expands US Capabilities Through Finalized Agreement to Access Entire US Fiat Payment Network

CALGARY, ALBERTA & PALO ALTO, CALIFORNIA – OCTOBER **, 2014 – Vogogo Inc.

(“Vogogo”) (TSX VENTURE:VGO) a payment processor that services the cryptocurrency

industry, today announced that they have finalized an agreement for a strategic partnership

with US payment processor Knox Payments Inc. (“Knox”) The agreement provides Vogogo

exclusive access to the Knox payment methods and Knox’s US banking, enabling regional US

fiat payments in support of the US crypto industry.

The agreement further bolsters Vogogo’s US offering and allows Vogogo to expedite and

enhance their upcoming entry into the US market. Vogogo can now offer their US-based

Merchants multiple real time fiat payment options. Existing Vogogo merchants will now be

able to use a single technical integration to accept fiat payments from both Canada and the

USA.

The agreement allows Knox to leverage Vogogo’s merchant relationships, risk management

technology and corporate resources, to effectively secure commercial level payment

processing capabilities with their US banking relationships. Together with Vogogo this

agreement enables Knox to participate in the US crypto currency industry, a target market

Knox has been working towards entering.

Vogogo will now fully extend its compliance and risk management platform to the US

market, fully leveraging their existing payments platform and processing capability to

provide seamless and secure processing to what is over 10 times the addressable Canadian

market they currently service.

Vogogo CEO Geoff Gordon said of the announcement, “This agreement represents a

significant milestone in that Vogogo is now fully positioned to address the substantial US

market. We will continue to execute the US expansion strategy as planned and maximize all

business development opportunities in the coming months.”

Knox Payments President Tommy Nicholas said of the announcement, “We are very excited

to be working with Vogogo and together look forward to aggressively entering a market that

is already substantial yet still in its infancy.”

The technical integration between Knox and Vogogo is already well advanced and Vogogo

expects to launch beta US processing in November 2014.

Share this:
Share this page via Email Share this page via Stumble Upon Share this page via Digg this Share this page via Facebook Share this page via Twitter
Recent Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *