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SmartCard Marketing Systems Inc. (OTCQB:SMKG): PYMNTS Intelligence: Payment Challenges and Opportunities in High-Growth Markets
SmartCard Marketing Systems Inc. (OTCQB:SMKG): PYMNTS Intelligence: Payment Challenges and Opportunities in High-Growth Markets.
About this update from Smart Card Marketing Systems, Inc.
[{"type":"text","content":"The company SMKG highlights its Digital Portfolio of Fintech and Paytech Marketplaces and Applications. The company’s expansion in to India, Philippines, Singapore, China, Brazil and Mexico notably offer a robust channel of opportunities to deliver Digital Commerce Strategies for local and Cross-border business. Also to mention recent ongoing development for Africa underway with clients in the Money Remittance services. The company other than white-label and usage fees has multiple opportunity entry points for additional revenues from these following sources:FX trades desk automationMDR %, the interchange fees on ticket $ size purchases of chargesTransaction fees on usage of services in the platform, marketplaces, mobile wallet and e-commerce wallet.Account activations for b2b, b2c, c2b and p2pMonthly plans on accounts maintenanceDigital-ID issuances and performing E-KYC, E-KYB and AML processes for verification.Blockchain Protocols and Smart ContractsChatbot AI subscription and Task Automation processingPush2Card and RTP transfer requestsMassimo stated that, “SMKG’s offering creates a truly disruptive capability of delivering an end-to-end suite of digital commerce solutions with the ability to deliver a cross-border payments network, but also a payments technology Mobility and E-Commerce gateway architecture for FI’s and Enterprise Acquirers & Issuers from one house. It is the combination of Baas (banking as a services) meets or rather combines with Paas (payments as a service). We have the ability to be more for our clients so they can truly transform their customers experience.” Industry Related News With a high level of digital payment penetration, Southeast Asia has become an alluring area of expansion for international corporations as nearly 90% of the population use digital wallets or other forms of electronic payment, according to a recent study. The region also experiences a 40% annual surge in the total value of eCommerce, and nontraditional banking is growing quickly, with some countries having a 75% smartphone usage rate despite only half the population possessing bank accounts.PYMNTS examines the unique challenges and opportunities for new entrants into four promising high-growth markets: India, Indonesia, Singapore and Thailand.Cross-border payments complicate India’s rewardsIndia...