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122420

Posted December 24, 2020

NEW YORK, Dec. 22, 2020 /PRNewswire/ -- iQSTEL, Inc. (USOTC: IQST) today announced a services agreement between IQST's fintech subsidiary, Global Money One, Inc. and TransferTo, Inc. ("DT One") an intelligent mobile technology infrastructure and services provider.

Both IQST and DT One concentrate on serving the growing global international migrant market reported currently at a population of over 270 million. This population comes with a unique set of mobile technology consumer requirements including special international voice and data solutions, as well as certain international financial transaction complexities.

Global Money One Inc. (www.GlobalMoneyOne.com) uses a blend of industry expertise, state-of-the-art technology and compliance requirements to create disruptive solutions that deliver control, security and real-time payments and innovative Financial capabilities with reduced cost for consumers, specially to the unbanked, underbanked and underserved segments of today's society. Our portfolio of services will include a Prepaid VISA Money One Debit Card (www.visamoneyone.com) expected to enable customers to make purchases in stores and online, withdraw cash at ATMs or receive cash back when using it to make a purchase, recharge prepaid mobile phone service and send money domestically or internationally (+ 40 countries). The VISA Money One Debit Card is expected to also facilitate the deposit of funds into bank accounts, Remote Deposit Capture (RDC) by mobile phone, bill payments, rewards, and digital gift cards. The VISA Money One is the new and freedom financial world wallet expected launch in early Q2 2021.

DT One (www.dtone.com) provides mobile carriers with the infrastructure and services they need to help migrant workers stay in touch with their family and friends back home. DT One operates a leading global network for mobile top-up solutions, innovative mobile rewards, and Phone-to-Phone solutions. DT One's global network delivers better infrastructure and access to digital communications for over five billion across emerging economies, enabling them to stay better connected and as a result participate more actively in the global economy.

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