BEBUZEE, INC. (OTC: ENGA) Adds Digital Wallet Component To Increase Its Market Share of Revenue Rich Multi-Billion Super App Market With Its Launch Of The First Super App Focusing On Western Countries
Company At Cutting Edge Of Global Rush For “Super App” Focusing On Western Market Segment; Company Believes Its App Will Produce “Game Changing” Revenues
MIAMI, FLORIDA , Oct. 24, 2022 (GLOBE NEWSWIRE) -- Bebuzee, Inc. (OTC: ENGA) a Super App company that has a video-sharing platform and a streaming service that allows its members to watch a wide variety of contents such as movies, series, documentaries and talk shows on thousands of internet-connected devices. It is a one-stop platform for breaking news, interesting and important blogs, videos, and photos, that scans the world’s news, features and information flow to give its dedicated readers the best of the Internet in one place, today announced that it is incorporating a digital wallet service into its Super App.
The integrated Digital Wallet gives the Company one of the key & necessary components that have helped drive Southeastern Asia Super Apps to their multibillion-dollar prominence. Bebuzee’s App may be the first super app produced in and aimed at users in the West.
Joseph Onyero, Chief Executive Officer of Bebuzee, Inc., said: “There is a palpable feeling of excitement inside company as our launch is coming closer and closer. We have watched how the Super Apps have been frenetically growing across China and Southeast Asia and decided to be at the forefront in the West. Industry reports have noticed that Super Apps, which combine payment, social media, merchant, loyalty programs and more under a single umbrella, have been booming.1 They found that Since 2011, when Tencent in China launched what is today known as WeChat, these integrated mobile apps have attracted billions of monthly users around the world.
Having grown mostly from single-payment platforms, food delivery or social media channels, they have expanded into a one-stop application that seeks to incorporate virtually all aspects of consumers' lives.
By integrating so-called third-party "mini programs" into an expanded ecosystem, these mobile consumer commerce apps now dominate markets in China and Southeast Asia. And with the global COVID-19 pandemic, the consumer preference for everything remote has driven a sudden surge of mobile apps. Grocery delivery apps, for example, more than doubled1 as the virus spread in the U.S., while online shopping in Spain, Italy and France—reluctant markets in the past—suddenly discovered the option of e-commerce.”
He continued: “The reports continued, adding: “With relatively recent access to the internet, much of China and Southeast Asia was able to leapfrog the methods of earlier Western approaches and incorporate increasingly integrated solutions instead of leaving it to users to download dozens of applications. Smartphones, from the start, took the place of personal computers in these markets. In Southeast Asia, for example, where just over a decade ago, 80 percent of the population had no internet access, 90 percent of the 360 million internet users today connect primarily through their mobile phones.3
"In contrast to the highly regulated European approach to open APIs [application programming interfaces], an advanced ecosystem is developing in China," the Emerging Payments Association noted.4 And with that rise, they "have come to dominate the payments market, displacing cards with their mobile offerings."
“Bebuzee arrives in North America with what may be the first super app produced in and aimed at users in the West. This is a game changer for users of all ages, combining many previously individual apps into one integrated whole.”
The Company will be addressing the final components of its Super App in the coming weeks and is scheduled to be launched in a couple of months.
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Bebuzee, Inc. offers a unique, proprietary video-sharing platform and streaming service that allows our members to watch a wide variety of content such as movies, series, documentaries and talk shows on any internet-connected device. Bebuzee’s technology scans the world’s news, features and information flow to give its dedicated readers the best of the Internet in one place. A one-stop platform for breaking news, interesting and important blogs, videos, and photos. Bebuzee offers an addictive resource for those millions of people without time to scavenge the Internet and other sources for news and information.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended, about Bebuzee, Inc. and the company’s industry that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this press release, including statements regarding the proposed terms of the shares, the completion, timing, and size of the proposed offering of the shares, and the anticipated use of the net proceeds from the proposed offering of the shares are forward-looking statements. In some cases, you can identify forward-looking statements because they contain words such as “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “going to,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” or “would” or the negative of these words or other similar terms or expressions. Snap cautions you that the foregoing may not include all of the forward-looking statements made in this press release.
You should not rely on forward-looking statements as predictions of future events. Bebuzee has based the forward-looking statements contained in this press release primarily on its current expectations and projections about future events and trends, including its financial outlook and the ongoing COVID-19 pandemic, that it believes may affect the company’s business, financial condition, results of operations, and prospects. These forward-looking statements are subject to risks and uncertainties related to: Bebuzee’s financial performance; the lack of historical profitability; the ability to generate and sustain positive cash flow; the ability to attract and retain users, publishers, and advertisers; competition and new market entrants; managing Bebuzee’s international expansion and growth and future expenses; compliance with new laws, regulations, and executive actions; the ability to maintain, protect, and enhance Bebuzee’s intellectual property; the ability to succeed in existing and new market segments; the ability to attract and retain qualified and key personnel; the ability to repay outstanding debt; future acquisitions, divestitures or investments; and the potential adverse impact of climate change, natural disasters, and health epidemics, as well as risks, uncertainties. In addition, any forward-looking statements contained in this press release are based on assumptions that Bebuzee believes to be reasonable as of this date. Bebuzee undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law.
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