Exhibit 99.1
FOR IMMEDIATE RELEASE
MOBETIZE CORP. PARTNERS WITH G&F FINANCIAL GROUP TO
LAUNCH MOBILE LENDING APP
Fintech solution provides consumer loan decision within two hours
Vancouver, British Columbia, September 29, 2016 -- Mobetize Corp. (OTCQB:MPAY) Mobetize Corp., an
emerging mobile financial services (MFS) technology company is pleased to announce that it has entered
into a partnership agreement with G&F Financial Group (“G&F”), one of the ten largest credit unions in
British Columbia; to jointly develop and market a digitized lending platform.
This innovative software solution built on the core Mobetize Fintech platform will enable G&F to instantly
meet Know Your Client (KYC) and Anti Money Laundering (AML) compliance in addition to underwriting
and computing complex algorithms for auto adjudicating the personal bank lending process initiated from
any PC or mobile device.
The uniqueness of this agreement with G&F lies in the ability of our solution to ensure that loan assets
remain on G&F’s balance sheet while enabling full visibility in the management of customer data and
back office processes. G&F in partnership with Mobetize will be able to offer an effective solution that is
unlike other solutions currently available in the Canadian Fintech marketplace.
The agreement provides that Mobetize will own any new intellectual property rights that stem from the
partnership and plans to market this solution to Direct and Platform lenders throughout North America to
capture the immediate opportunity for growth in the online lending marketplace.
The co-developed lending solution is scalable and implements dynamic algorithms in a cloud-based
environment that enables financial institution’s (FI) to quickly launch their own online lending strategies.
Key benefits for FI’s include:
An omnichannel and simple user experience for fast loan decisions and funding
Digitized back office processes and interoperability
Ability to lead innovation with rapid launch and configurable KYC and adjudication rules
Leverage new lending business models with configuration for insurance add-ons
Easily respond to and address security and regulatory requirements
“We are thrilled to partnerwith G&F Financial Group which have over 75 years of experience in the lending
industry and is once again proving it is an industry leader through leveraging financial technology to
innovate, digitize and deliver leading omnichannel banking experiences” stated Ajay Hans, CEO.
About Online Marketplace Lending
Online marketplace lending has emerged as an industry offering faster credit for consumers and small
businesses. Companies in this industry have developed two primary business models: (1) Direct lenders
that originate loans to hold in their own portfolios, commonly referred to as balance sheet lenders and (2)
Platform lenders that partner with an issuing depository institution to originate loans and then purchase the
loansforsaletoinvestorsaswholeloansorbyissuingsecuritiessuchasmember-dependentnotes.Market
analysts have identified a $1.0 trillion addressable market for online marketplace lenders (excluding
mortgages), and estimated loan origination volumes could reach $90.0 billion by 2020*.
*(“U.S Treasury Department – Opportunities and Challenges in Online Market Place Lending May 2016”)
Exhibit 99.1
About G&F Financial Group
With over 29,000 members, 14 locations and $1.85 billion in total assets under administration, G&F
FinancialGroupproudlyprovidesafullrangeofpersonalandbusinessbankingsolutionstoourcreditunion
members. With a passion for educating and empowering others to achieve their financial goals, we focus
on providing advice tailored uniquely for each member and have supported members and invested in our
local communities for over 75 years. Our commitment to investing in others has been recognized by BC’s
TopEmployers,UnitedWayandtheBurnabyBoardofTrade-wecontinuetobeinspiredtomakeapositive
impact in the lives of our members, employees, and communities.
About Mobetize Corp.
Mobetize is an emerging Fintech company that has developed a global B2B Fintech hub and financial
services marketplace. Mobetize converges telecom and banking to simplify the delivery of mobile money
services to leading telecommunications companies and financial institutions. Mobetize ensures end-to-end
integration for services such as prepaid air-time top ups, international money transfers, P2P transfers,
Visa™/MasterCard™ programs and bill payments on mobile devices. Mobetize seamlessly integrates and
white labels their secure mobile money platform for their customers who then offer the services to millions
of users. Mobetize’s technologyhelps thetelecomandbankingindustries toincreaserevenues, decrease
customerservicecostsandincreasecustomerloyalty. For moreinformation, visithttp://www.mobetize.com
Forward Looking Statements
This press release includes statements that are not historical in nature and may be characterized as
"forward-looking statements," including those relatedto futurefinancial and operating results, benefits, and
synergies of the combined companies, statements concerning Mobetize's outlook, pricing trends, and
forces within the industry, the completion dates of capital projects, expected sales growth, cost reduction
strategies, and their results, long-term goals of Mobetize and other statements of expectations, beliefs,
future plans and strategies, anticipated events or trends, and similar expressions concerning matters that
arenothistoricalfacts.Allpredictionsastofutureresultscontainameasureofuncertaintyand, accordingly,
actual results could differ materially. Among the factors which could cause a difference are: changes in the
general economy; changes in demand for Mobetize's products or in the cost and availability of its raw
materials; the actions of its competitors; the success of our customers; technological change; changes in
employee relations; government regulations; litigation, including its inherent uncertainty; difficulties in plant
operations and materials; transportation, environmental matters; and other unforeseen circumstances. A
number of these factors are discussed in Mobetize's previous filings with the Securities and Exchange
Commission. Mobetize disclaims any intention or obligation to update any forward-looking statements as a
result of developments occurring after the date of this press release.
Mobetize Corp.
Email: shareholderrelations@mobetize.com
Phone: 778-588-5563
