LiteLink Technologies Opens Digital Payments Division in Tech City and Hires James Youn as President
VANCOUVER, B.C., March 01, 2019 (GLOBE NEWSWIRE) — LiteLink Technologies Inc. (“LiteLink”) (CSE:LLT)(FRA:C0B:FF), a key player Logistics & Payment Systems with Artificial Intelligence is opening their flagship digital payments division through one of its wholly-owned subsidiaries. uBUCK Technologies SEZC (“uBUCK Tech”) will be located in Tech City Cayman, a special economic zone by Cayman Enterprise City for fintech companies. uBUCK Tech has begun development for uBUCK Pay, an online payments platform and pin voucher solution that serves as a payment alternative for consumers, businesses and merchants. The solution will allow uBUCK Pay account holders to make online payments and send worldwide transfers within minutes without any transfer fees. Pin vouchers may be purchased within the uBUCK Pay app or at participating resellers with or without a credit card.
“The uBUCK Pay app will be a major benefit for consumers that do not have a credit card, have poor credit, and/or do not have access to physical accounts and debit card programs. Merchants will also be pleased to add a new payment method with lower merchant transaction fees than most major credit card companies. It is time to bring control back to hard-working individuals and business owners”
says Ashik Karim, CEO of LiteLink. uBUCK Tech is scheduled to release a private closed beta in March 2019.
James Youn has been hired as President and CEO of uBUCK Tech. Mr. Youn is a licensed CFA Charterholder and previously worked as the President of Cayman National Securities Ltd. and as a Senior Portfolio Manager at Questrade Wealth Management Inc. Ashik Karim says, “Mr. Youn brings a wealth of banking and trading experience to our team and we are extremely confident that he can use his knowledge to build one of the fastest and safest digital payment platforms in the world.” Mr. Youn’s immediate initiative is to hire a management and sales team in Grand Cayman to drive app installs and to increase consumer and merchant awareness.
“The decision to open an office in Grand Cayman was a logical step in our business growth strategy,” said James Youn. “Besides the benefit of a growing fintech sector in Tech City Cayman, we feel that adding a digital wallet to LiteLink’s suite of products is a major benefit for consumers without credit cards to pay bills online and to make worldwide transfers without any fees. In addition, uBUCK Pay is a perfect complement to our flagship product 1Shift Logistics, since many truckers do not have credit cards. The uBUCK Pay solution gives truckers the ability to pay their gas and parking bills and send money overseas to friends and family.”
LiteLink Technologies Inc. (CSE:LLT)(FRA:C0B:FF) provides enterprise level solutions utilizing artificial intelligence and predictive analytics to solve the logistics industry’s fragmented and outdated technology problem. LiteLink is creating a unified communications platform for tracking shipments, disputes, and errors to increase efficiency and reducing costs for 3PLs, carriers and shippers. Find out more about the Company at litelinktech.com and the 1Shift Product at 1shiftlogistics.com.
uBUCK Pay is a worldwide online payments platform and pin voucher solution that serves as a payment alternative for consumers and merchants. uBUCK Pay is a secure and fast method for making payments and transfers and serves as a digital alternative to traditional payment methods like checks, money orders and wire transfers.