SmartCard Marketing Systems Inc. (OTC:SMKG): Banks Plan Payment Wallets to Compete With The Existing Payment Networks.

The company SMKG:OTCQB highlights its Genorocity Multi-tenant Wallet Platform and applications, Axepay Cross-border Payment Solutions and Premise/Xpay World Terminal Management System making this all possible for Issuers, Acquirers and their Customers.

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“Wells Fargo  & Co., Bank of America Corp.,  JPMorgan Chase & Co. and four other banks are working on a new product that will allow shoppers to pay at merchants’ online checkout with a wallet that will be linked to their debit and credit cards.

One goal of the new service is to compete with third-party wallet operators such as Paypal, Apple Pay and other in the segment. The banks expect to execute the plan is by enabling 150 million debit and credit cards for use within the wallet when it rolls out.”

Source Link: https://www.wsj.com/articles/banks-plan-payment-wallet-to-compete-with-paypal-apple-pay-11674433472

In most parts of the world, we see that Banks are currently integrating their Accounts with the Third Party wallets, enabling the wallets to sync with their accounts. This definitely has its limitations with regards to the income generation which ultimately goes to the Third Party Payment service provider.

Massimo Barone CEO stated that “Banks today are getting less relevant to the fast paced services offered by startups and Fintechs which are taking over most of the middleware and client-facing aspects and services offered by the Banks since the millennia. This step shows the influence of the market has on the way Banks approach the changing economy hence adding unique income generation models in to their existing portfolio.

As SMKG, we offer the technology, marketplace and multi-tenant applications that make this a reality and combined with Cross-border Payment technology and enhanced networks to extend the service reach including Blockchain and Crypto.”

SmartCard Marketing Systems inc (SMKG:OTCQB) with a minority stake interest and partner Xpay World is already offering unique solutions to the Banks, Telecom and Financial Institutions in SE ASIA with a strategic partnership with Ingenico. Our solution includes enabling the existing infrastructure and consumer channels (Individuals and Businesses) base of the banks and offering them a “ready to brand” market solution.

About SmartCard Marketing Systems Inc (OTCQB: SMKG):

SmartCard Marketing Systems Inc (OTC: SMKG) is an industry leader in specialized industry e-Commerce, Cloud and Mobility applications delivering White-Label solutions to the global PayTech and FinTech markets. SMKG is a boutique technology company, providing Business Intelligence and Digital Transformation Strategies with a proprietary portfolio of applications and wireframes for Banking, Enterprises and Retail e-Wallets offering Blockchain Protocols, Crypto Issuing, NFT Minting, Tokenization, Digital ID-eKYC, Digital Automation Strategies with “License to Own” marketplace applications.

For more info visit www.smartcardmarketingsystems.com
or visit our business applications marketplace at www.emphasispay.com

We seek a safe harbor.

For additional enquiries & Enterprise Program connect with:

Dharmesh Vora

President Enterprise Solution

SmartCard Marketing Systems Inc.

dvora@smartcardmarketingsystems.com

CEO, Massimo Barone
mbarone@smartcardmarketingsystems.com

SmartCard Marketing Systems Inc.

OTC:SMKG Ph: 1-844-843-7296
news@smartcardmarketingsystems.com