Business
UPDATE: XTM Inc. Clarifies RPAA-Related Disclosure and Regulatory Continuity
TORONTO, February 05, 2026--XTM Inc. (OTCQB: XTMIF | CSE: PAID) ("XTM" or the "Company") is issuing this clarification regarding language contained in its February 2, 2026 news release referencing RPAA-aligned operational enhancements to the AnyDay / Everyday Payment platform (the "Program").
About this update from Everyday People Financial Inc
[{"type":"text","content":"TORONTO, February 05, 2026--(BUSINESS WIRE)--XTM Inc. (OTCQB: XTMIF | CSE: PAID) ("XTM" or the "Company") is issuing this clarification regarding language contained in its February 2, 2026 news release referencing RPAA-aligned operational enhancements to the AnyDay / Everyday Payment platform (the "Program").","length":340,"tagName":"p"},{"type":"text","content":"Certain statements in that release may have been interpreted to suggest that Everyday People Payments Inc. ("EPPI") was itself registered or required to be registered under the Retail Payment Activities Act ("RPAA"). It is not. This interpretation would be incorrect.","length":287,"tagName":"p"},{"type":"text","content":"Regulatory Status","length":17,"tagName":"p"},{"type":"text","content":"There has been no change or interruption in the regulated status of XTM. XTM is and at all relevant times has been a registered money services business ("MSB") and is registered with the Bank of Canada under the RPAA. All regulated MSB and payment activities have continuously been conducted under XTM’s registrations - with management and administration services being conducted by Everyday People Financial Corp. ("EPF") through EPPI pursuant to its Master Services Agreement with EPPI dated October 23, 2025 (the "MSA"). In this relationship EPPI is not performing any MSB activities, nor is it subject to the RPAA.","length":648,"tagName":"p"},{"type":"text","content":"Safeguarding of Funds","length":21,"tagName":"p"},{"type":"text","content":"XTM has i) remained the MSB, ii) is registered with the Bank of Canada under the RPAA, and iii) is the account holder and regulated entity for transaction processing and settlement. Transactions are conducted through XTM accounts. All cardholder funds associated with the platform are held in trust in accordance with applicable legal and safeguarding requirements and are segregated from operating funds.","length":405,"tagName":"p"},{"type":"text","content":"Operational Enhancements","length":24,"tagName":"p"},{"type":"text","content":"EPF as program manager is committed to strengthening the overall management of the Program. These measures reflect an uplift in operating standards and are intended to support a best in class environment for merchants and end users.","leng...