Fintech Select Ltd. provided an update on the progress of its project with Raseed, the Company’s JV partner in Libya (“Raseed”). The Company has completed the development of its POS Solution (the “Solution”) on A90 Wireless Smart Android POS (“Smart POS”). The Solution has been fully tested by Raseed and its customer, Sawf Aljin bank (“Sawf Bank”), and has now moved into production. As of now, Raseed has begun implementing fifty (50) Smart POS terminals received from the Company at Sawf Bank and other local merchant locations. The Solution is intended to address physical cash shortages at banks where clients cannot withdraw cash as required. It allows local Libyan banks to activate and load closed-loop cards with the funds requested by clients so that they may use the loaded funds at all registered Merchants. The idea is for the Company to provide a closed-loop cards solution that replaces the need for open-loop cards such as MasterCard and Visa. The Solution also allows merchants to sell wireless top-ups of four local telecommunication companies in Libya thereby generating more potential revenue for each of the merchants, Raseed and the Company.