Surge Holdings (OTC - SURG) is adding stores, new SaaS portals, and new offerings which should all translate to huge growth next year.
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SURGEPAYS PORTAL: IN THE DRIVER’S SEAT
Surge Holdings intends to become the country’s leading provider of technology products to the unbanked, the under-banked and the overlooked by selling through its SurgePays 2.0 network of convenient stores and through online digital marketing. Moreover, by using this industry-changing, feature-rich portal, C-stores and other merchants (for what we believe could be the first time) can update and upgrade their operations inexpensively and generate greater business through new offerings and products. This new terminal is over 35% less expensive per unit, while delivering faster transactions, market leading security, PCI compliance and the ability for SurgePays to additionally offer credit card processing to merchants on the same unit.
SurgePays Portal is a multi-purpose software interface for C-stores stores, bodegas and other corner merchants that provide goods and services to the underbanked community. Merchants can easily use the portal to add wireless minutes for any carrier, pay bills and also load debit cards etc. Its deployment success is based on ease-of-use and next-level operational and broad, profitable, customer-offering capabilities.
In addition to all of the traditional wireless and FinTech products, convenience store owners will now have the ability to utilize seamless and simple one-click ordering from several wholesale categories including smartphones, electronics, snacks, CBD products, auto parts, t-shirts and more. Stores can also choose monthly auto-ship while taking advantage of flash specials.
Clearly, the traditional distribution model has changed, No longer are sales people pulling doors to promote individual products—this process is soon to go the way of the milkman. SurgePays serves as an e-commerce storefront that allows manufacturers and distributors to gain access to merchants while cutting out the middleman while passing along discounts as an incentive. The SurgePays portal can provide any Fintech and Telecom product available to convenient stores, corner markets, bodegas, and supermarkets while procuring other consumable products commonly sold in these same stores.
In our view, this SaaS tool could emerge as the engine for Surge’s growth. Interestingly, while on one hand SURG is building a feature-rich, and profitable operational infrastructure for the businesses, it simultaneously fosters one-stop shopping for the underbanked (the customers) to utilize SURG’s one-stop banking, payment, wireless, and other services as well. Thus, we believe that 2019 will be a landmark year for both its implementation and revenue growth.
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