January 24, 2017
First Global adds movie cinemas and food courts to mobile wallet
TORONTO -- First Global Data Limited ("First Global" or the "Company") is pleased to announce that more than 400 movie cinemas and food courts across India will be accepting the VPayQwik mobile app as a payment method.
The many millions of customers who frequent these movie cinemas and food courts on a regular basis will be able to scan a QR code to make payment for movie tickets and food. The service has already been successfully rolled out in select cinemas and the Company is working to complete its full roll out.
Mr. Pankaj Kumar, CEO of the Company's India subsidiary, MSEWA Software Solution Private Limited ("MSEWA") said, "according to Wikipedia, Indian cinemas produced 1,969 feature films in 2014. The number of admissions in 2013 was 1,978,000,000 and gross box office receipts in 2015 was $1.6 billion. This is an unparalleled opportunity to mobilize payments in the Indian cinema entertainment value chain."
"We are very excited about this cinema roll-out as it provides us with a monstrous Indian footprint and is an enabler for massive user outreach in the tens of millions to drive revenues while providing customers with more options to use VPayQwik™" said Andre Itwaru, Chairman and CEO of First Global.