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SMARTCARD MARKETING SYSTEMS INC. (OTCQB:SMKG) Digital Wallets and Networks Shake Up the $630 Billion Global Remittance Market
SMARTCARD MARKETING SYSTEMS INC. (OTCQB:SMKG) Digital Wallets and Networks Shake Up the $630 Billion Global Remittance Market.
About this update from Smart Card Marketing Systems, Inc.
[{"type":"text","content":"SMARTCARD MARKETING SYSTEMS INC. (OTCQB:SMKG) Digital Wallets and Networks Shake Up the $630 Billion Global Remittance MarketNew York, 26th May, 2023 The company highlights its technology portfolio of Paytech, Fintech and Blockchain solutions for Cloud, Mobility and E-commerce. This is an exciting time as our Platforms as a Service directly responds to the combined needs of Cross-border Payments and Digital Wallets as an Embedded Payments Service. The company has made big investments into the specific products offering to enable multiple industries across the globe with the strategy of a Digital Ecosystem seamlessly integrated with Brick&Mortar locations or Branches. The company’s strategy is to be recognized as the All-in-One hub for the complete Platform suite which removes the friction of having to deal with multiple vendors and trying to assemble and maintain multiple solutions -which can be costly and overwhelming to deal with. Industry Related News: The Major Players — and Some Disruptors, TooBy way of example, in its latest earnings results, Western Union is seeing growth in the number of digital transactions. For the March quarter, the company logged 7% growth in the number of digital transactions, with 14% growth in the firm’s branded digital customer base.Source link: the demand for Digital Wallets in huge demandSmartCard Marketing Systems Inc (OTC: SMKG) a boutique Fintech and Paytech Firm offering Ecommerce, Cloud and Mobility solutions through its 22+ technology Suite IP Portfolio designed to cater to Multi-Industry Multi-tenant Marketplace solutions with Embedded Digital Payments.This includes transactions from Bank Accounts (wires, rtp, ach, rdc) to Card Present (Physical debit or credit cards), Card not present (Virtual cards), Card on file for customer-initiated transactions, future recurring transactions (subscription model), Integrated Terminal End-points, Recurring transactions for cards (Visa, Mastercard, Discover, AMEX), and ACH transactions. Dharmesh Vora, President of Enterprise at SMKG stated “Our portfolio of Platforms as a Service directly responds to the needs of Banks, Telecoms and Large Enterprises that want to monetize on Ecosystems and Marketplaces with Digital Wallets and Banking as a Service - all of which we offer today.This strategy is critical as FX, Digital Ass...