Mascot Ventures Inc (OTCMKTS:EMON) released corporate update from the President and CEO, Donald E. Latson, regarding corporate activities and guidance. The company made several changes in its board so as to create a strong platform for next phase of business growth. It is a thrilling time for the company as it continues to work diligently to strengthen its place amongst the leader firms in the electronic payments market.

The expectations

Mr. Latson stated that Mascot Ventures expects to achieve early success and generate stable revenue growth based on the innovativeness of core product and service application “mobile monē.” The growth and global demand of the electronic currency market, is projected to grow at a rate of 22% annually through 2017. The prepaid market particularly is expected to touch $822 billion by year 2017.

The popularity

The demand of prepaid financial services is led by its practical and unique ability to solve almost any type of payment need. The mobile monē service considerably increases consumer access across various communications networks and democratizes electronic payments for people outside the conventional banking system. The system offers a cost-effective and transparent alternative to checks and cash for both businesses and governments.

The significance

The prepaid services and products meets the needs of banked clients who find Mascot Ventures offerings to be an ideal payment tool which also protect funds and supports segment spending like online shopping and travel. The company’s main objective is to enhance the financial services, empower the under-served and increase funds security features offered to consumers. It would also minimize the electronic payment processing cost of businesses across the world.

In last trading session, the stock price of Mascot Ventures Inc (OTCMKTS:EMON) surged 0.90% to close the trading session at $2.25. The gains came at a share volume of 180,387 compared to average share volume of 44,694.