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SmartCard Marketing Systems Inc. (OTC:SMKG) Visa Direct Transactions Surge 36% as Real Time Money Movement Gains Ground
SmartCard Marketing Systems Inc. (OTC:SMKG) Visa Direct Transactions Surge 36% as Real Time Money Movement Gains Ground.
About this update from Smart Card Marketing Systems, Inc.
[{"type":"text","content":"SmartCard Marketing Systems Inc. (OTC:SMKG) Industry: Visa Direct Transactions Surge 36% as Real Time Money Movement Gains GroundNew York Nov 4th, 2022 The company SMKG highlights its Cross-border Payments Rails Platform Axepay, Digital Asset Token and Crypto Issuing technology OriginatorX & Granularchain which are becoming vastly recognized with Financial Institutions and Enterprises as a Fast-Track to Market for Issuing, Managing Digital Asset Tokenization and Crypto Issuing. SmartCard Marketing Systems Inc (OTCQB:SMKG) is a VISA India integrator product partner and has completed embedded payment services of both Visa Direct and Visa Cybersource payment solutions. This channel into Visa Member Financial Institutions across the globe allows SMKG to leverage Member firms as End Points directly through sponsorships or on behalf of the Visa Members themselves seeking out digital transformation in E-commerce and Cross-border Payments. Furthermore, this strategy fast-tracks deployments for member firms and their treasury clients. By removing the friction for a seamless deployment and showing product readiness with embedded payments - SMKG believes that the possibilities and opportunities with Visa are unlimited. “To that end, the payments network showed that total payments volume surged by 10% in its fiscal fourth quarter with credit outpacing debit. Supplemental materials released by the company show that debit volume was up 5% in constant currency to $1.45 trillion; that performance was far outpaced by credit volumes, which grew by 20% to $1.48 trillion. Drilling down into the particulars of U.S.-based spending, payments volume was up 12% year over year, or 145% of 2019 volumes.Cross-border volumes, on a constant basis, excluding intra-Europe volumes, were 49% higher.Source: Visa Direct Transactions Surge 36% (pymnts.com)Massimo Barone CEO stated that ‘this access of direct sales and partnerships through Visa and its members opens up a major book of opportunities, some of which we are already completing deployments in both the USA and SE ASIA. Our technology portfolio is heavily focused on enabling marketplace and multi-tenant merchants as a strategy which is inline with many Financial Institutions and Visa Member Banks.In addition, our major investment in developing our Cross-border payment technolog...