Global Payout Inc (OTCMKTS:GOHE) Closes Deep In Red

In the last trading session, the stock price of Global Payout Inc (OTCMKTS:GOHE) declined more than 4% to close the day at $0.054. The decline came at a share volume of 16.27 million compared to average share volume of 9.22 million. Post the recent decline, the market cap of firm was noted at $45.6 million.

The buzz

CannabisNewsWire reported the publication of an editorial showcasing Global Payout, a client of NNW that offers payment solutions for both international and domestic firms operating in varied markets, including the fast advancing cannabis market. The publication reviews the remarkable growth of the approved cannabis market and the opportunities available to numerous firms offering essential services to biotechnical product developers, growers and retailers of the extremely regulated crop.

Established in 2009, Global Payout has become a prime provider of payment solutions for domestic and global companies serving in diverse markets, counting the rapidly buzzing cannabis industry. Several of these organization have identified the requirement to process payments via innovative solutions that provide efficient and fast service to customers across the world. The company allows international access to technology for enhancing financial deals with an efficiency that the conventional banking sector cannot offer.

As a major in financial technology, the company has developed its online based platform, termed The Global Reserve Platform. It can be customized to fulfill the front-to-back office processing needs of domestic, foreign exchange and global payment service providers.

Apart from traditional and core banking products, it can manage and process an extensive range of other financial offerings, including mobile wallets, card management, online banking, P2P and bill payments, international remittances, loans management, SWIFT/ACH/SEPA and FOREX payments. The Global Reserve offering can be customized for firms in a wide range of market segments worldwide to improve workflow, operational efficiency and financial management.