Welcome To Global Payout
Since the inception of our company in 2009, Global Payout, Inc has been a leading provider of comprehensive and customized prepaid payment solutions for domestic and international organizations distributing money to their employees and members worldwide. Global's success in developing and implementing the Consolidated Payment Gateway(CPG) allowed our enterprise clients to provide direct bank account, mobile account, and prepaid card account options to a compliant constituency. The CPG served as a hub to international bank networks and processors, user mobile interfaces, and prepaid cards. Our CPG technical experience has laid the groundwork for Global to evolve as a new generation payment services provider by replacing legacy systems. This is all part of the digital disruption underlying the FINTECH industry. As the role and relevance of today's banks is shrinking, Global Payout is simultaneously helping the financial market to create better, faster, cheaper services for individuals, enterprises and governments.
In 2017, Global Payout introduced the Global Reserve Platform (“GRP”), a customizable, “banking-in-a-box” web-based platform. This platform offers the capability to fulfill the front-to-back office processing requirements of domestic, foreign exchange and international payment service providers to improve work flow, operational efficiencies, and global financial management for enterprises operating across the globe.
With the FINTECH industry currently experiencing exponential growth, the Global Payout management team has devoted much of its recent time and efforts on meticulously observing current and projected trends within the industry to identify the key market sectors. In doing so, we have confidently identified Logistics, Small and Medium Enterprises (SME), Banking and Travel as the four core market sectors that we intend to market and deliver the GRP to as we work diligently to expand our client base.
Additionally, in 2017, our Board of Directors elected to spinout our wholly-owned subsidiary, MoneyTrac Technology, as a means of effectively positioning the company to penetrate the specific, burgeoning sectors comprised of enterprises in alternative and “high-risk industries.” FINTECH solutions are playing a critical role helping them operate with maximum efficiency, in addition to addressing the myriad of compliance-related challenges they are faced with. And as a Global’s majority owned subsidiary, it is our commitment to provide the MoneyTrac management team with the guidance and resources necessary to capitalize on the many different opportunities within the alternative banking sector, thereby playing an important role in further diversifying Global’s market reach.
This is truly an exciting period in the emergence of FINTECH solutions in a global economy that is becoming more diverse and connected than ever before. Through the many technological software solutions our team has been dedicated to developing since our inception, we are fortunate enough to be poised to address the many different needs in our evolving global market and economy. Furthermore, we offer our valued stakeholders the commitment that we will remain diligent in exploring and identifying every avenue possible for providing our world class solutions. Our emphasis is to grow the Global Payout brand and further establish it as a recognized leader in FINTECH solutions.
James HancockChief Executive Officer