Business
SMARTCARD MARKETING SYSTEMS INC. (OTCQB:SMKG) BANKING & UNION PAY FOR CHINA AND INTERNATIONAL PAYMENT CORRIDORS FOR B2B, B2C, AND C2B WITH DIGITAL ONBOARDING WITH AXEPAY.
SMARTCARD MARKETING SYSTEMS INC. (OTCQB:SMKG) BANKING & UNION PAY FOR CHINA AND INTERNATIONAL PAYMENT CORRIDORS FOR B2B, B2C, AND C2B WITH DIGITAL ONBOARDING WITH AXEPAY..
About this update from Smart Card Marketing Systems, Inc.
[{"type":"text","content":"The company SMKG highlights its technology portfolio of Paytech, Fintech and Blockchain solutions for Cloud, Mobility and E-commerce. The News and reports on growth and current statistics of China Union Pay with its cards further confirms the company’s futuristic approach in developing market ready solutions with Cross-border Paymet Rails and Digital Onboarding.The Axepay Platform and Infrastructure is a fully automated payment and settlement infrastructure that processes data and sends instructions for multiple transaction payment types (B2B, B2C, C2B, B2B2C, P2P) and payment methods of the licensed financial services partners together with an ecosystem of licensed third-party financial services partners and solution providers (the Platform or Infrastructure”) The Platform provides a registration onboarding/underwriting process for its Partners, Enterprises, Corporate (SME), Businesses, and Individuals, (the “Users”), digital management of the approval of documents, authentication and verifications, regulatory requirements (KYC/KYB/AML global verifications and screening), transaction screening and monitoring, reg-tech, biometrics, permission based blockchain with digital id-key access management, risk/fraud detection service and enterprise security.Financial Institutions (banks, credit, unions, trusts), money services businesses (“MSBs”), payment service providers (“PSPs”) Payment Facilitators (“PFs”), other global licensed payment and FX providers and telecoms (“Financial Services Partners”) have an important role in the Axepay Infrastructure. The Axepay Platform via its API allows access to the network of Financial Services Partners and processes the instructions of Users for financial transactions to the Financial Services Partners through the Platform. Axepay is not a Financial Services Partner and any funds transferred or payments made are completed by Axepay’s Financial Services Partners.Financial Services Partners operate in a heavily regulated financial space and hold the requisite licensing in the jurisdictions in which they operate their business. Axepay integrates with financial Institutions APIs to implement procedures to comply with requirements of the first tier regulatory jurisdictions. Collecting and monitoring the right information is essential and Axepay facilitates instructions on behalf of Users for financia...