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SmartCard Marketing Systems Inc. (OTC:SMKG) EMERGES AS A LEADER IN BAAS “BANKING AS A SERVICE” IN THE USA SERVICING GLOBAL FINTECH MARKETS
SmartCard Marketing Systems Inc. (OTC:SMKG) EMERGES AS A LEADER IN BAAS “BANKING AS A SERVICE” IN THE USA SERVICING GLOBAL FINTECH MARKETS.
About this update from Smart Card Marketing Systems, Inc.
[{"type":"text","content":"SmartCard Marketing\r\n Systems Inc.(OTC:SMKG), a trailblazer in FinTech, Digital Assets and PayTech\r\n innovation, announces the company’s growing pipeline offering Embedded Banking\r\n products and Named Banked Accounts and FBO “For Benefit Of” Bank accounts with\r\n Axepay growing at a rapid pace. This service offering allows for clients to\r\n develop their own Payment Rails for Wallets, Pay-out and Collection (incoming\r\n payments) from around the globe and domestically. \r\n\r\nSMKG’s Digital Banking\r\n and Cross-border Rails platform and ecosystem coupled seamlessly with integrated US Banking\r\n services creates an “Unique and Niche” bundled service, which is further enhanced\r\n by its embedded Card Processing Services architecture via Xpay World Singapore.\r\n The entire Payments Ecosystem available all-in-one package.\r\n\r\nWith a Platforms as a\r\n Service “PAAS” proprietary portfolio of over 22 white-label platforms for\r\n Banking.4.0, Digital Banking, Blockchain, AI Payments Risk Score Models and\r\n embedded Payment Technologies, SMKG empowers financial institutions and\r\n enterprises to offer Digital Payments, Card Processing and APM “Alternative Payment\r\n Methods from around the world. \r\n\r\nSmartCard Marketing\r\n Systems Inc (OTC:SMKG) CEO Massimo Barone stated “there is no easy path to follow\r\n as we need to make our own lanes. Our model has always been to expand lanes for\r\n Financial Institutions and Enterprises with our proprietary platforms offered\r\n through our PAAS licensing model. The continuous shift and need in the markets\r\n for modernization and digitization is a clear win for us. \r\n\r\nThe underlying industry\r\n issue that plagues many FinTech’s and Startups is the lack of Financial Institutions\r\n that will underwrite and sponsor financial service activities, provide settlement\r\n accounts in multiple foreign currencies and provide pay-out channels like Fed\r\n Wire, ACH, Swift, Sepa and APM’s including Visa Direct to name a few to complete the\r\n payments lifecycle. \r\n\r\nFor our stakeholders and\r\n financial partners, the underlying value is our ownership of the technologies\r\n and the functionality of capabilities that it empowers and delivers. The most\r\n complex part of truly comprehending our underlying value is that we are not a One\r\n widget shop – but instead,...