eWallet Business Announces Major Strategic Partnership with Finnet

NEW YORK, NY, Aug. 20, 2018 (GLOBE NEWSWIRE) -- Weyland Tech Inc. (WEYL) ("Weyland " or the "Company"), a provider of mobile business applications, today announces a strategic partnership between its eWallet business and PT. Finnet Indonesia (“Finnet”). 

Finnet http://www.finnet-indonesia.com/home/en, founded in 2005, is 60% owned by PT. Telekomunikasi Indonesia, the largest provider of telecom services in Indonesia, is currently the largest ‘fixed-line’ provider with over 10 million households and businesses as their clients.


The Company’s eWallet business, AtoZPay, and Finnet have entered into a strategic partnership with the following highlights:


•       Bill payments for consumers with the AtoZPay eWallet via ATM’s
•       Mobile phone ‘top-up’ at Alfamart http://alfamartku.com/?lang=en 

Under the terms of the relationship, users of AtoZPay, consumers will be able to ‘top-up’ their mobile phones at Alfamart, the largest convenience store chain in Indonesia, with 13,477 locations. 

Finnet, via a partnership with 81 banks, has a network of 80,000 ATM machines within Indonesia, where AtoZPay users will be able to make bill payments on household and business utilities.

CEO of AtoZPay, Djunaedy Hermawanto, said, “Our partnership with Finnet expands the potential reach of the AtoZPay platform through convenience stores and eventually through Finnet’s ATM network.” Hermawanto went on to say, “Equally exciting is the opportunity the partnership provides to launch our QR Code Merchant Payment service. Merchant payment commissions promise to add additional profitability to AtoZPay’s growing merchant base.”

Overall, Weyland expects the partnership to expand the eWallet share of the more than $10 Billion dollar mobile subscription (‘top-up’) market in Indonesia.

About Weyland Tech Inc.
Weyland Tech is a global provider of mobile business applications. Its CreateApp platform offers a mobile presence to businesses in emerging markets, with partnerships on 3 continents and growing. This DIY mobile application platform, offered in 14 languages with over 35 integrated modules, enables small and medium sized businesses ("SMB's") to create native mobile applications ("apps") for Apple's iOS and Google Android without technical knowledge or background, empowering SMB's to increase sales, reach more customers and promote their products and services in an easy, affordable and efficient manner.

In May 2018, the Company expanded its portfolio to fintech applications with the launch of its AtozPay mobile payments platform. The mobile wallet launched in the worlds 4th most populous country, Indonesia, and is already experiencing rapid growth in transactions taking place on the platform.


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Safe Harbor Statement


This release contains certain "forward-looking statements" relating to the business of the Company. All statements, other than statements of historical fact included herein are "forward-looking statements" including statements regarding: the continued growth of the e-commerce segment and the ability of the Company to continue its expansion into that segment; the ability of the Company to attract customers and partners and generate revenues; the ability of the Company to successfully execute its business plan; the business strategy, plans, and objectives of the Company; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions and involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks, and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this news release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume any duty to update these forward-looking statements.

Brent Suen
                    808-829-1057
                    info@weyland-tech.com