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Okwaho International Inc. and First Nations Payments announce revenue sharing program for First Nations in lucrative merchant services industry

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Okwaho International Inc. and First Nations Payments announce revenue sharing program for First Nations in lucrative merchant services industry

June 12 2015, Tyendinaga Mohawk Territory, ON – Okwaho International Inc. has entered into an agreement with merchant services company Zomaron Inc. to manage the First Nations Payments portfolio.  The new joint venture offers potentially lucrative revenue sharing opportunities for First Nations across Canada— opening up a whole new market for entrepreneurs, businesses and communities to explore.

Tapping into the merchant services market offers unlimited opportunity for revenue generating income for First Nations communities. Okwaho International Inc. Vice President and Chief Operating Officer Rye Barberstock explains, “Merchant Services is a multi-billion dollar industry in Canada which up until now was a missed economic development opportunity for First Nations. It’s an industry that deserves our collective attention and through First Nations Payments, we now have access to participate in this growing market. “

A First Nations Payments led pilot project was initiated in 2014 to examine the feasibility and scalability of the First Nations Payments business model in southwest Ontario. “To date, the business model has proven successful with a significant number of business operators acquiring First Nations Payments products in five First Nations communities. First Nations businesses are seeking us out to take advantage of our cost savings and community give-back program,” said First Nations Payments Business Advisor, Ron Lampman.

With the healthy response from First Nations businesses, First Nations Payments is now in a position to branch out nationally and is actively seeking business opportunities with Aboriginal Economic Development Corporations and progressive First Nations wanting to take full advantage of First Nations Payments —payment processing savings and revenue sharing program.  “It is our intent to provide businesses and communities with the tools to succeed in sustainable economic development through First Nations Payments. The more businesses we can help, the greater potential for a healthy return on investment,” said Lampman.

Zomaron Inc. Executive Vice President Joseph Jongsma couldn’t be more pleased with the progress, “Joining forces with Okwaho International Inc. was by far the best decision for our company’s interests in Aboriginal Relations. We are proud to be working alongside Okwaho and are fully committed to giving businesses the best products and services available.”

First Nations business entrepreneurs, business owners and First Nations leadership interested in learning more about First Nations Payments products and revenue sharing programs can visit the Okwaho International Inc. website at http://www.okwaho.com/fnp.

 

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For more information on First Nations Payments please contact:

Okwaho International Inc.
First Nations Payments
Phone: (800) 945-1408 ext. 2
Email: [email protected]
Website: http://www.okwaho.com/fnp

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