IQST – iQSTEL Announces $60 Million FY-2021 Revenue Forecast Expanding Fintech, Blockchain and IoT Offerings on $42 Million Telecom Foundation

iQSTEL, announced a $60.5 million revenue forecast for FY-2021. The 40% revenue growth target is largely driven by the anticipated expansion of the company’s new Fintech and IoT (Internet of Things) divisions launched in 2020.

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After announcing $39,725,507 in revenue through November 2020, Management expects FY-2020 revenues to exceed its $42 million FY-2020 revenue projection.

Highlights of IQST’s revenue growth potential include a recently announced Visa Prepaid Debit Card Service (PDCS) expected to generate estimated revenue over five years of $45 million to $128 million with an approximate EBITDA margin of 30% to 40%.

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Further highlights include a recently announced agreement between Alternet Systems, an electric vehicle (EV) innovator, and IQST’s IoT Division to codevelop Internet of Things (IoT) two-way device communication solutions specific to the EV operating environment.

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