Cirralto Limited announced the successful implementation and launch of its Business Payments Service utilising the MasterCard Business Payment Aggregator ("BPA") and the Visa Business Payment Solution Provider ("BPSP") agreements with Fiserv previously announced on 7 December 2020 and 14 December 2020 respectively. The Company completed phase 2 testing of the BPA /BPSA functionality with multiple Customer & Supplier scenarios being utilised to process live accounts /receivable payments of up to $100,000 per transaction. Phase 1 of the testing was completed and announced on 22 February 2021 in the Software Release & BPSP /BPA Testing Update. When the BPSP and BPA enabled Business Payment stack is launched on May 1 2021, the Company will initially focus on serving customers in the following addressable markets: Fashion - where connect retailer to manufacturer; Education - where connect parent to school and school to suppliers; Food & Food Service - where connect food producers to suppliers and food retailers food producers; Home Furnishings and Specialist Retail - where connect retailers to manufacturers; and Automotive - where connect vehicle owners to service providers. With the successful implementation of the BPA /BPSP functionality into Spenda's Payment Services,the Company is able to roll out its product more rapidly and deliver on its vision to change the way businesses trade and pay each other. Through the BPA /BPSP agreements, the Company is also able to incorporate a strategic merchant rate that will increase Cirralto's margins on digital payments by up to 40%. The increased functionality offered by the BPSP /BPA agreements will roll out along two of the Company's existing business payment channels, the Manufacturer to Wholesaler and Wholesaler to Retailer relationships. expect to implement expanded payment services into the retail base that leverages POS and eCommerce capabilities enabling to capture retail wallet share from consumers. Additionally, the Company will benefit from: An increase in Average Revenue Per User (ARPU) due to the increased margin on digital payments. The ability to acquire customers more efficiently due to the changes in how authenticate the user relationship under the BPA and BPSP agreements. An expected increase in the number of customers processing payments through the card networks due to increased functionality and line of business features.