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VST Enterprises Announces Expansion in Three New Continents

Fast-growing Manchester-based technology company will extend operations to Armenia, Hong Kong and South Africa

Cybersecurity firm VST Enterprises (VSTE) has announced its expansion into three new international locations. The global company will open offices in Armenia, Asia Pacific and South Africa to bring its secure scannable code technology to markets where it will have a positive impact on business and society.

The expansion signifies a decisive move following recent private investment, and plans for each location have been aligned to key trends in the respective regional markets. VST Enterprises’ scannable code technology VCode® is set to prevent prevalent issues in these locations, combating the supply of counterfeit goods in Hong Kong and China, eliminating the circulation of conflict minerals in Africa, and providing a virtual wallet for secure payments across mainland Europe from Armenia.

VCode allows any user to make a variety of secure transactions, on the move, with the wave of a mobile device. VST Enterprises’ global partners will apply its capabilities in retail, ID authentication and supply chain traceability throughout Autumn 2017.

VST Enterprises’ CEO, Louis-James Davis, led the launch of the new regional offices after examining challenges within each market. He explains:

In the past year, we have aligned our business model to support international growth. We are working together with corporations and governments to tackle some of the most pressing universal issues they face. We want to combat the counterfeit trade where it’s at its worst, reduce unethical and unsustainable production practices and increase financial inclusion globally. These will be key locations to dispatch VCode and achieve these goals.”

The expansion comes off the back of the company’s latest fundraise. VST Enterprises will hire up to 100 new employees to manage services on the ground in each area. To find out more about VSTE and VCode®, visit www.vstenterprises.com.

  1. SME Lender iwoca Secures New £200m Funding Led by Citi – Increasing Investment in the Business to Almost £1.5bn Read more
  2. Akuna Wallet Unlocks the Digital Economy for African Creatives Read more
  3. Magic Labs Unveils Newton, the First Chain Unification Network, Connecting Leading Wallet Solutions to the AggLayer Read more
  4. Tencent Leverages Cutting-Edge Technology and Partnerships to Lead a New Era of FinTech Innovation Read more
  5. Centralis Group Continues Its Planned Growth Strategy, Acquiring the Business of Admina Fund Services Read more
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