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SmartCard Marketing Systems Inc. (OTCQB:SMKG) Posts 2nd QTR June 30th 2022 with Major Transition To Growth From Development Of FinTech, PayTech and Blockchain Marketplace Applications.
SmartCard Marketing Systems Inc. (OTCQB:SMKG) Posts 2nd QTR June 30th 2022 with Major Transition To Growth From Development Of FinTech, PayTech and Blockchain Marketplace Applications..
About this update from Smart Card Marketing Systems, Inc.
[{"type":"text","content":"SmartCard Marketing Systems Inc. (OTCQB:SMKG) Posts 2nd QTR June 30th 2022 with Major Transition To Growth From Development Of FinTech, PayTech and Blockchain Marketplace Applications To Embedded Payments Leader. August 15, 2022 New York, USAThe company announced today, the posting of it’s Unaudited 2nd Quarterly Filings for the month ending June 30th, 2022. The major milestones include multiple accomplishments in both Q1 and Q2 with regards to new customers in key regions of development for the company.SmartCard Marketing Systems Inc (OTC:SMKG) continues to enter into strategic partnerships with Financial Institutions and Government Agencies in India, Philippines, Europe and China which have a significant role establishing SMKG as a local Embedded Payments and Cross-border Payments company with a Proprietary portfolio of E-commerce, Cloud and Mobility applications specialized in Marketplace technologies.Furthermore, the company’s plans to leverage its IP in exchange for equity in both Start-ups and Enterprises, as it is gaining traction and proving to be a major importance in stakeholder value.Massimo Barone the CEO of SMKG stated “there is a great uptick in activity for the company directly and through partnerships that is materializing into large payment processing opportunities and will begin to provide strong cashflow for the company in the medium term as we benefit from FX and MDR % interchange margins – also connected to our fee structure with our platforms by tier level usage of the applicaitons.The undertakings by our executive team working with FI’s, Enterprises and Government Agencies in several Countries was lagging because of the Pandemic and regulatory processes to enable our embedded payments infrastructures. This has now somewhat returned to normal and we expect more regulatory approvals this quarter and well into the 4th quarter of 2022.We have solid bookings, back-log and approvals for customers in North America, SE Asia and Africa that have started and in process of launching with our applications under their respective white-labels combined with embedded payments and cross-border payments rails.For the upcoming quarterly as we begin to see progression in transactional volumes, licenses and granted more approvals for our clients – we are very confident that we will be able to benefit fr...