GLANCE PAY FOLLOWS IN ALIPAY’S $1.7 TRILLION FOOTSTEPS WITH USER INITIATED PAYMENTS

Wednesday, August 2, 2017

August 2 2017 – Vancouver, B.C. – Glance Technologies Inc. (CSE:GET.CN) (OTCQB:GLNNF) (CSE:GET.WT), (FKT:GJT) is pleased to announce a new version of Glance Pay Anywhere which allows users to initiate and send payments to merchants from anywhere. This new version, combined with its previously announced versions, now positions Glance Pay to be able to provide payment services that are similar to the ones exploding in China. Additionally, these features offer merchants similar capabilities to those that have been highly successful for companies like Square (market cap $10 Billion USD), but without requiring merchants to pay for custom hardware.

According to a report released by the UN-based Better Than Cash Alliance, users sent $1.7 trillion in total payments through Alibaba’s Alipay service last year, up from only $70 billion in 2012; Tencent’s WeChat users sent about $1.2 trillion in 2016, up from $11.6 billion in 2012.

In China, users of AliPay and WeChat Pay generally indicate which merchant they want to pay (often by scanning a merchant’s QR code) and then how much they would like to pay that merchant. The merchant receives the payment confirmation, usually via their mobile phone. Merchants may also request payment after a user has given the merchant their unique payment ID, usually via scanning a QR code from the user’s screen. This new Glance Pay version means that users will similarly allow either consumers or merchants to initiate a payment, but uses micro location sensing technologies and / or image recognition instead QR codes, making the process that much easier. Additionally, Glance customers gain access to sought after automatic rewards, promotions, and special events, which builds a lasting relationship with their preferred merchants.

“Allowing users to easily and quickly send payments to any merchant on our platform from anywhere opens up payment situations similar to those that have taken China by storm,” say Glance CEO Desmond Griffin, “And by combining this with our previous enhancements for merchants to request and accept payments, this also positions us to address markets in which companies such as Square have had tremendous success. However, our merchants can be up and running very quickly without requiring custom costly and cumbersome hardware – merchants can just use their existing mobile phones or tablets, while still benefiting from of our secure proprietary anti-fraud technology.”


About Glance Technologies Inc.

Glance Technologies owns and operates Glance Pay, a streamlined payment system that revolutionizes how smartphone users choose where to dine, order food & drink, settle bills, access digital receipts, earn great rewards, & interact with merchants. Glance is building a valuable network of merchants and consumers, and offers targeted in-app marketing, social media marketing, customer feedback, in-merchant messaging and custom rewards programs. The Glance Pay mobile payment system consists of proprietary technology, which includes user apps available for free downloads in IOS (Apple) and Android formats, a merchant manager apps, large scale technology hosting environment with sophisticated anti-fraud technology and lightning fast payment processing.

For more information about Glance, please go to Glance Technologies’ website

For more information, contact: 

 Christina Rao
Vice President, Investor Relations
(604) 723-7480
[email protected]


Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.


Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities law. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Specifically, the statements referring to Glance’s planned expansion in the United States and Canada, and the statement that Glance will expand its reach in the United States are forward-looking statements, and there can be no certainty that these statements will prove to be correct.

Although Glance believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements.

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