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SmartCard Marketing Systems Inc (SMKG:OTCQB) Is Positioned For Growth In the e-KYC market which was valued at USD 295.15 billion in 2022 and is expected to expand at a CAGR of 24.5% rising to a value
SmartCard Marketing Systems Inc (SMKG:OTCQB) Is Positioned For Growth In the e-KYC market which was valued at USD 295.15 billion in 2022 and is expected to expand at a CAGR of 24.5% rising to a value.
About this update from Smart Card Marketing Systems, Inc.
[{"type":"text","content":"SmartCard Marketing Systems Inc (SMKG:OTCQB) Is Positioned For Growth In the e-KYC market which was valued at USD 295.15 billion in 2022 and is expected to expand at a CAGR of 24.5% rising to a value of USD 1579.5 billion in 2030, i.e., forecast period (2022-2030).New York October 20th, 2022SmartCard Marketing Systems Inc (SMKG:OTCQB) is focused on developing its strategy as the leader in Fintech, Paytech and Blockchain by offering an extensive white-label and private-label portfolio of Marketplace technologies as a service that are proprietary to the company.fin the e-KYC sector *the Company offers a unique Digital-ID solution for e-KYC processes and Unique Key generating system using DUKPT encryption practices, also extends into Blockchain protocols for Ethereum, Algorand and different Blockchains being added. The future of Decentralized e-KYC services is a market which SMKG:OTCQB is developing and wants to lead the charge.e-KYC Market: Overview “e-KYC market was valued at USD 295.15 billion in 2022 and is expected to expand at a CAGR of 24.5% rising to a value of USD 1579.5 billion in 2030, i.e., forecast period (2022-2030).Decrease in paperwork and reduction in the turnaround time of completing KYC formalities online in a few simple steps, real- time are the key factors for the growth of the market. Additionally, government regulators have focused on monitoring and regulating the digital currency to cut off the anonymity in transactions and the transfers of cross-border funds are projected to increase the demand for e-KYC across India in the near future. Also, the increase in use of remotely verified e-KYC throughout the world in order to reduce the financial institutions' costs is reinforcing market growth.”Source: e-KYC Market Size, Share, Growth & Trends 2022-30 (wemarketresearch.com)The CEO Massimo Barone stated “this is quite the sector that gets us excited as we know the sector well and the requirements and processes for digital onboarding with e-kyc, aml monitoring and digital-id’s issuances. From inception of concept and design, Granularchain and Axepay are strategic digital strategies for Embedded Payments, Embedded Finance, Cross-border Payments, IOT and many more industries.”About SMKG:OTCQB SmartCard Marketing Systems Inc (OTC: SMKG) is an industry leader in specialized industry e-Commerce, Cloud and Mo...