CUV Ventures Corp. announced that it has signed a memorandum of understanding with Banco Bolivariano, on September 09, 2019. The MOU, signed by CUV CEO, Steve Marshall and, Mrs. Maria Gabriela Valverde Farfan, Director of the Family Remittances Division, outlines a mutual desire to deploy a joint tech task force to establish the technical requirements for the RevoluPAY® e-Wallet family remittances and, cash advances for visiting tourists, to be collected at approx.

78 bank branches and, a further approx. 400 pick-up points across Ecuador. The parties have agreed to work on a Definitive Agreement (“DA”) concerning bilateral commissions, the technical linking of payments settlement systems and, the mechanism for the instant delivery of worldwide remittances and, tourism focused cash-advances.