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SmartCard Marketing Systems Inc (SMKG:OTCQB) Payments Industry News and Spotlight on Value Strategy of Payment Facilitator (PF) Licenses and Opportunities.
SmartCard Marketing Systems Inc (SMKG:OTCQB) Payments Industry News and Spotlight on Value Strategy of Payment Facilitator (PF) Licenses and Opportunities..
About this update from Smart Card Marketing Systems, Inc.
[{"type":"text","content":"SmartCard Marketing Systems Inc (SMKG:OTCQB) Payments Industry News and Spotlight on Value Strategy of Payment Facilitator (PF) Licenses and Opportunities. New York May 31,2022The company SMKG:OTCQB has a strategic partnership and holds a minority interest in Xpay.World of Singapore, the parent company of Xpay World in the Philippines a Paytech Company with a PCI Terminal Management Cloud Host (TMS) and payment processing. The TMS also includes merchant onboarding with an EMV POS Device certifications host, e-commerce Cart, QR code pay and Card Tokenization management for the popular card schemes. Xpay is a sponsored Payment Facilitator (PF) and Third Party Processor (TPP).The strategy of utilizing SMKG’s Fintech and Paytech portfolio of SAAS modeled marketplaces for multi-tenants embedded with the PF licenses allows for faster account openings and easier adoption for SME’s and Large Enterprises in the ASEAN Region.The CEO of SMKG:OTCQB Massimo Barone stated “We are excited about this industry news as it broadens investors and stakeholders understanding of the value proposition to have a Payment Facilitator License sponsorship.This gives us first mover position in the market to grow with our customers and collaborate without friction from the big banks.”New Source: https://techcrunch.com/2022/05/29/finix-goes-head-to-head-with-fintech-stripe/Source Excerpt Information “Fast-forward to last week. Finix announced that it was becoming a payments facilitator, in addition to enabling other companies to facilitate payments. This move puts it in direct competition with Stripe, something that CEO and co-founder Richie Serna is not shy about admitting.In an interview this past week, Serna elaborated by noting that Finix indeed started out to build software that gave any software company a way to become their own payment facilitator.“We were building technology that would take a three-year in-house build by dozens of engineers, with tens of millions of dollars of technical R&D and investment, and taking that down to a number of months by getting developer-friendly APIs to start monetizing their payments,” he said. “That was our biggest core offering. What we’ve done now is become the payments facilitator ourselves, so that we can not only provide the payments, but also all the back office requirements and compliance certific...