iQSTEL Launches New Fintech Division, Expanding Product and Digital Financial Services Offerings for the Global Markets

iQSTEL Launches New Fintech Division, Expanding Product and Digital Financial Services Offerings for the Global Markets New York, NY, Sept. 29, 2020 (GLOBE NEWSWIRE) — via NewMediaWire — iQSTEL Inc. (OTC: IQST), today completed the official launch of its new Fintech Division. This expansion will be synergistic with iQSTEL’s existing […]

iQSTEL Launches New Fintech Division, Expanding Product and Digital Financial
Services Offerings for the Global Markets

New York, NY, Sept. 29, 2020 (GLOBE NEWSWIRE) -- via NewMediaWire -- iQSTEL
Inc. (OTC: IQST), today completed the official launch of its new Fintech
Division. This expansion will be synergistic with iQSTEL’s existing Telco
Division businesses while providing additional revenue stream options via a
global Business-to-Consumer model (B2C), serving end-users around the world.

Additional information will be forthcoming, including our complete business
plan and our acquisition strategy that is independent from our Telco Division.
The initial target market is expected to include the immigrant population
around the world, a market sector we know well. Below is a list of some of the
products and services we are planning with our new Fintech Division:

* Send money domestically and internationally with low fees.

* Send money via SMS using our customized SMS service (smartphone not
required).

* Pay utility bills with minimal payment fees (mobile, electricity, gas
services).

* VISA debit card solution for easy access to funds, could be sent to their
native counties.

According to Global X and Mauro F. Romaldini (TopTal), the Fintech industry is
growing at an almost exponential rate with over $500B in annual remittances
and over $1.5T in annual mobile payments.

“The knowledge gathered over the years through our Telco Division, along with
strong customer relations with the large mobile operators around the world,
has positioned iQSTEL to be the ‘point man’ between the immigrant end-user
population and global telecommunications systems, a perfect setup for us to
offer global FinTech products and services,” stated Mr. Iglesias.

“Our current Telco Divisions revenue stream is primarily generated from
international SMS (65%) and VoIP international long distance (30%). The
development of our Fintech Division tied in to our intricate immigrant
population consumers and knowledge was a given. Helping this sector transact
digitally with near instant delivery, as compared to high risk cash
transactions and travel requirements, is expected to be a huge benefit to the
immigrant consumer. We continue to execute on our existing Telco Division
business plans and acquisition strategies with major updates coming soon,” Mr.
Iglesias, iQSTEL's CEO, concluded.

About iQSTEL Inc.:

iQSTEL Inc (OTC: IQST) www.iQSTEL.com is a US-based publicly listed company
offering leading-edge 21st Century Enhanced Telecommunications Services with a
focus on a wide range of cloud-based enhanced services to the Tier-1 and
Tier-2 carriers, corporate, enterprise, as well as the retail market. iQSTEL
through its subsidiaries Etelix, SwissLink, QGlobal SMS, SMSDirectos, IoT
Labs, IoT Smart Gas Platform, itsBchain offers a "one-stop-shopping” for
international and domestic VoIP services, IP-PBX services, SMS exchange for
A2P and P2P, OmniChannel Marketing, Internet of Things (IoT) applications (IoT
Smart Gas Platform), 4G & 5G international infrastructure connectivity, as
well as blockchain-based platforms: Mobile Number Portability Application
(MNPA) and Settlement & Payments Marketplace for VoIP, SMS and Data.

About Etelix.com USA, LLC:

Etelix.com USA LLC www.etelix.com is a wholly owned subsidiary of iQSTEL Inc.
Etelix.com USA, LLC is a Miami, Florida-based international telecom carrier
founded in 2008 that provides telecom and technology solutions worldwide, with
commercial presence in North America, Latin America, and Europe. Enabled by
its 214-license granted by the Federal Communications Commission (FCC), Etelix
provides International Long-Distance voice services for Telecommunications
Operators (ILD Wholesale), and Submarine Fiber Optic Network capacity for
internet (4G and 5G). Etelix was founded in 2008 and has been profitable since
inception.

About SwissLink Carrier AG:

SwissLink Carrier AG www.swisslink-carrier.com is a 51% owned subsidiary of
iQSTEL Inc. SwissLink Carrier AG is a Switzerland based international
Telecommunications Carrier founded in 2015 providing international VoIP
connectivity worldwide, with commercial presence in Europe, CIS and Latin
America. SwissLink Carrier AG is a Swiss licensed Operator, having a domestic
Interconnect with Swisscom, allowing their international Carrier Customers
direct terminations via SwissLink into all Switzerland Fix & Mobile Networks.
Since the takeover from Swissphone in November 2018 and the rename into
SwissLink, they operate on a profitable level.

About QGlobal SMS LLC.:

QGlobal SMS LLC www.qglobalsms.com is a 51% owned subsidiary of iQSTEL Inc.
QGlobal SMS is a USA based company and a commercial brand founded in 2020
specialized in international and domestic SMS termination, with emphasis on
the Applications to Person (A2P) and Person to Person (P2P) for Wholesale
Carrier Market and Corporate Market in US. QGlobal SMS has commercial presence
in US, Mexico, Latin America, EMEA (Europe, Middle East, Asia) and Africa,
through our SMS service providers based in Austin, TX and Miami, FL Our
Austin-based SMS service provider is specialized in the SMS traffic exchange
between US and Mexico, and our Miami-based SMS service provider is focused in
the development of Latin America and the rest of the world. QGlobal SMS has
robust international interconnection with Tier1 SMS Aggregators, guarantying
its customers high quality and low termination rates, over more than 100
countries worldwide.

About Alcyon Cloud SMS S.A.S (Commercial Brand SMSDirectos.com ):

Alcyon Cloud SMS S.A.S. (Commercial Brand SMSDirectos.com), is a whole
subsidiary of QGlobal SMS, a Colombian-based Application and Content Provider.
Alcyon Cloud SMS (SMSDirectos.com) is registered with the Secretary of
Information and Communication Technology (ICT) in Colombia, offering services
to government, enterprises, small and medium business, as well as end-users.
Using SMSDirectos’ existing network, they plan to expand services from SMS to
offer omnichannel products and services such as: SMS, Emails, RCS (Rich
Communications Services), Social Media Channels (Whats App, Messenger, etc),
WebRTC (Web Real-Time Communication), VoIP (IP-PBX, SIP Trunking) ChatBots
(Artificial Intelligence Based), SMS to Email, and Email to SMS.

About IoT Labs MX SAPI:

IoT Labs MX SAPI www.iotlabs.mx , a subsidiary of iQSTEL Inc, is an Internet
of Things (IoT) Mexican technology development company, creator of the “IoT
Smart Gas” Platform and Application. The IoT Smart Gas
platform www.iotsmartgas.com consists of an IoT field device installed on the
LP gas tank (adaptable to virtually any gas or liquid storage tank) and,
thanks to the Internet of Things (IoT) technology via Sigfox or GSM network
connectivity, allows remote managed and improved logistic processes of
refilling, usage tracking and tank monitoring in real-time by the Smart Gas
mobile app. The new GSM tracking feature allows for mobile use including
ground, air, and sea tank monitoring.

About itsBchain LLC.:

itsBchain LLC www.itsBchain.com is a 75% owned subsidiary of iQSTEL Inc.
itsBchain is a blockchain technology developer and solution provider, with a
strong focus on the telecom sector.  The company is the final stage of
development of a series of blockchain solutions aimed at using the blockchain
ledger and smart contract solutions to enable more efficiency, quickness in
execution and fraud-prevention in the telco industry.  Specifically, the
company is developing a solution that will enable users and carriers to
transfer mobile phone numbers with just a few clicks, allowing users and
carriers the ability to transfer retail users from one mobile carrier to
another instantly.  Additionally, the company is finalizing a carrier-grade
marketplace solution to procure payments between carriers for cross-traffic of
VoIP, SMS and data realtime as traffic is crossed between carriers.  This
marketplace will allow for instant payment settlement as well as the
prevention of fraud between carriers.

Safe Harbor Statement: Statements in this news release may be "forward-looking
statements". Forward-looking statements include, but are not limited to,
statements that express our intentions, beliefs, expectations, strategies,
predictions or any other statements relating to our future activities or other
future events or conditions. These statements are based on current
expectations, estimates and projections about our business based, in part, on
assumptions made by management. These statements are not guarantees of future
performance and involve risks, uncertainties and assumptions that are
difficult to predict. Therefore, actual outcomes and results may, and are
likely to, differ materially from what is expressed or forecasted in
forward-looking statements due to numerous factors. Any forward-looking
statements speak only as of the date of this news release and iQSTEL Inc.
undertakes no obligation to update any forward-looking statement to reflect
events or circumstances after the date of this news release.

iQSTEL Inc.

IR US Phone: 646-740-0907, IR Email: [email protected]

Source: iQSTEL Inc. and its subsidiaries:

www.iqstel.com ; www.etelix.com ; www.swisslink-carrier.com ; www.qglobalsms.com ; www.smsdirectos.com ; www.iotlabs.mx ; www.iotsmartgas.com ; www.itsBchain.com  

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