WHY DID Tesoro Enterprise (OTC: TSNP) DROP AFTERMARKET? Glitch?
155WHY DID Tesoro Enterprise (OTC: TSNP) DROP AFTERMARKET? Glitch? - RICH TV LIVE - DECEMBER 5, 2020 - Tesoro Enterprises, Inc. (OTCMKT: TSNP) announced today that HUMBL, LLC (“HUMBL”) and Bexs Bank (“Bexs”) have agreed to a joint venture to expand their digital customer and merchant services divisions between the United States and Latin America, reducing payment costs and processing speeds for customers across these gateways.
Headquartered in São Paulo, Brazil, Bexs is specialized in integrating local payments processing and FX transactions for global businesses and processing an estimated $7.6 Billion per year in international transactions. Through a unique API Platform, Bexs’ solution provides the collection of Brazilian currency via local payment methods, helping companies to connect with customers in the digital world.
HUMBL, a US-based global payments network, that was recently named a Forbes Startup to Watch in 2020, is launching a HUMBL® mobile wallet and HUMBL Hubs® contactless merchant software platform to reduce the time and costs of sending, receiving and exchanging money.
“Despite the rapid consumer adoption of mobile applications like Uber, Tik Tok and Instagram in Brazil, the vertical of domestic and cross-border payments remains a core element of friction for Brazilian consumers and merchants that needs more mobile applications like HUMBL®” said Luiz Henrique Didier Jr., CEO of Bexs Bank.
“There are a variety of complex financial and payment systems that still require 210 million Brazilians to do things in-person or through multi-step banking processes that can be delivered more simply via HUMBL® and HUMBL Hubs™ software, powered by Bexs leading digital payment and foreign exchange engines.”
The partnership will utilize the full technology stack of HUMBL products including the HUMBL® and HUMBL Hubs® applications, to deliver faster, less expensive payment and financial services gateways between the USA and Latin America.
“What we have discovered in the Latin American market, is that both domestic and cross-border transactions are unnecessarily complex”, said Michele Rivera, Vice President of Global Partnerships for HUMBL. “We’re proud to be working on these high-speed rail solutions with Bexs who is a recognized leader in banking and foreign exchange solutions for Latin America.”
About Bexs Bank
Licensed by the Central Bank of Brazil, Bexs Bank facilitates international payments and remittances by connecting companies and people from Brazil to the world. Bexs is a global leader in international online payments, allowing millions of Brazilians to purchase goods and technology from around the world via its digital platforms (APIs).
About HUMBL
The mission of HUMBL® and HUMBL Hubs™ is to deliver high quality, low cost digital payments and financial services. The HUMBL network was designed to support vertical markets such as government, banking, wireless and merchants in locations like Latin America, Caribbean, Asia and Africa who are seeking to migrate to digital payment and financial technologies, to help reduce costs and improve settlement speeds for customers.
The HUMBL® Mobile App delivers borderless transactions, by integrating multiple currencies, payment methods, banks, blockchain and financial services providers into one-click for the customer. HUMBL® provides greater access and portability than US only mobile wallet providers, such as Venmo® and Zelle®.
For those customers without a smartphone, HUMBL Hubs™ will allow participating merchants to deliver contactless payments, text ordering and money services across the full pyramid of end-users in these markets.
#TESOROENTERPRISE #HUMBL #RICHTVLIVE
Disclaimer
RICH TV LIVE INC. company profiles and other investor relations materials, publications or presentations, including web content, are based on data obtained from sources we believe to be reliable but are not guaranteed as to accuracy and are not purported to be complete. As such, the information should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed in RICH TV LIVE reports company profiles or other investor relations materials and presentations are subject to change. RICH TV LIVE and its affiliates may buy and sell shares of securities or options of the issuers mentioned on this website at any time.
Investing is inherently risky. RICH TV LIVE is not responsible for any gains or losses that result from the opinions expressed on this website, in its research reports, company profiles or in other investor relations materials or presentations that it publishes electronically or in print.
We strongly encourage all investors to conduct their own research before making any investment decision. For more information on stock market investing, visit the Securities and Exchange Commission ("SEC") at www.sec.gov/Canadian CSA https://www.securities-administrators....