AppTech, a leading specialty payments company, has announced the amendment of its strategic partnership agreement with InstaCash.
The amendment will extend InstaCash’s mobile-to-mobile payment system license to Brazil and Mexico.
“The extension of our agreement with InstaCash further reinforces AppTech’s differentiated Fintech platform, as we continue to scale globally,” said Luke D’Angelo, Chief Executive Officer of AppTech.
InstaCash is a peer-to-peer instant payment app similar to Venmo, Zelle and Cash App but will offer cross-border remittance and advanced security protocols.
The payment system will facilitate consumer-to-consumer or person-to-person (P2P) transactions. Customers will be able to send instant payments by mobile phone to friends and family while traditional methods such as Western Union allow customers to pay in-store.
AppTech will develop mobile and web-based applications for the contactless payment system, which will feature digital banking services and debit card solutions. AppTech will also provide user support services and maintains an equity stake in InstaCash.
AppTech provides digital financial services for corporations, small and midsized enterprises and consumers through the company’s scalable cloud-based platform architecture and infrastructure, coupled with its commerce experiences development and delivery model.
AppTech maintains exclusive licensing and partnership agreements in addition to a full suite of patented technology capabilities.