“Paytech vs Payments are two distinct versions of themselves and share many common points of course. There are those who implement Payment services, Utilities and then there are those in Paytech that develop the Wireframes, Architecture, SDK's, API's and best practices to enable Payments. They do meet up at some junctions but in many variations the Payments side is limited without the Paytech resources.
There are thousands of ways to develop and implement Payment Technology and the layers of business processes throughout - all the while remaining compliant and maintaining certifications. The most significant is Time and Money required to achieve a foundation for successful commercial deployments and a launch pad for Customers and or Partners (Acquirers, Issuers, Card Schemes, etc).” As stated by Massimo Barone CEO of SMKG:OTCQB
The Fintech and Payments market are differentiated by name/title and the focus of their target customers. The reality for Fintech is it too becomes then available if successful as a Payment solution which most likely will find its way through from a reliable and compliant Payments Technology Host or Processor, then delivered mainstream into a Payments product offering to SME’s. The same can be stated for Blockchain and Crypto payments or transfers.
Payments Industry
In the rapidly evolving realm of financial technology, often referred to as fintech, two distinct terms have gained prominence: "paytech" and "payments." While these terms may seem similar at first glance, there exists a significant difference between them that is shaping the financial landscape.
Paytech, an abbreviation for "payment technology," encompasses the innovative technologies, solutions, and platforms that facilitate and enhance the process of making payments. It involves the use of cutting-edge technologies such as mobile wallets, contactless payments, digital currencies, and blockchain to streamline and secure financial transactions. Paytech focuses on creating seamless and convenient payment experiences for individuals, businesses, and even governments.
On the other hand, "payments" refers to the broader concept of transferring funds from one party to another. It encompasses a wide range of activities and processes involved in the movement of money, including traditional methods like cash, checks, and bank transfers, as well as digital payment options. Payments are an integral part of everyday life, and their efficiency, security, and accessibility play a crucial role in economic growth and financial inclusion.
The key distinction between paytech and payments lies in their focus. Paytech emphasizes the technological advancements and solutions employed to facilitate and improve the payment process. It aims to revolutionize the way we make transactions, introducing new possibilities like emv, nfc, peer-to-peer payments, biometric authentication, dcc, card tokenization and instant cross-border transfers. Paytech companies often collaborate with financial institutions, merchants, and other stakeholders to integrate their technologies into existing payment infrastructures.
In contrast, payments represent the broader ecosystem of financial transactions and the movement of money itself. It encompasses various players, including banks, payment processors, payment networks, and regulatory bodies. The payments industry focuses on ensuring the smooth and secure transfer of funds, while also complying with regulatory frameworks and addressing issues like fraud prevention and customer protection.
Understanding the difference between Paytech and payments is vital as it shapes the financial landscape by driving innovation and transforming the way we conduct transactions. The rapid advancements in paytech are reshaping consumer expectations, demanding enhanced speed, security, and convenience in payments. Consequently, traditional players in the payments industry are embracing these technological innovations and partnering with paytech companies to remain competitive and meet evolving customer needs.
SmartCard Marketing Systems Inc. (OTCQB:SMKG), we want to welcome you to a sample of our capabilities and Platforms as a Service with the many variations possible to white-label. The company offers unique capabilities and flexibility to scale from ground-up to enable and build your own Payments solutions which has not been traditionally available to the broader market.
This value disrupts the normal chain because our price of entry and ready-to deploy Platforms as a Service makes it easier for Corporations and Mid-Tier companies to evaluate and launch an agnostic Payment Service with their own variety of solutions and mix of alternative payment types. This also applies to Banks, Credit Unions and Telecoms with the same ambitions and vision.
About us:
SmartCard Marketing Systems Inc (OTC: SMKG) a boutique Fintech and Paytech Firm offering Ecommerce, Cloud and Mobility Platforms as a Service with its 22+ technology Suite IP Portfolio designed to cater to Multi-Industry Multi-tenant Marketplace solutions, recently announced that its Chabot AI and Super Apps platforms provide a digital strategy unlike any other offers because of our extensive Paytech platforms which include Cross-border Payments (Payout and Collections) and Xpay World for Card Payments for Mobile Wallets, E-commerce and Point-of-Sales).
Platform details: Platforms as a Service
AXEPAY – CROSS-BORDER PAYMENTS AND CLIENT FACING SOLUTIONS
The platform specializes in digital cross-border money remittances and pay-out services including pay-in collections for e-billing and now e-commerce. The company delivers a seamless, cost effective and user friendly engagement platform for web and mobility that allows for domestic and international corporate accounts to access automated FX quotes and various payment types such as RTP, ACH, WIRE, Card2Card and Card Issuing to faciliatate B2B, B2C and P2P service models. Our global ecosystem of MSB’s and Banks makes it seamless and accelerates the integration of financial institutions and any FINTECH or PAYTECH solutions that add value to BANKS OR MSB’s “MONEY SERVICE BUSINESSES” payment strategy.
XPAY.WORLD- TMS PCI EMV POS CLOUD Host: Terminal Management system for EMV Point-of-Sale peripherrals connectivity and activation with Card schemes, Acquirers and Issuers.
A minority interest of SMKG, Xpay World offers a White-label TMS, PCI certified EMV CREDIT and PIN Debit mPOS platform built to accelerate Banks’, Enterprises’, and Government Agencies’ entry to brick&mortar, e-commerce, mobile/digital payments via a vast selection of new Android “All-In-One” Super POS EMV devices using a Payment as a Service (PaaS) model that encourages peripheral/pda deployments for Card and QR usage at small/medium or large merchants.
About SmartCard Marketing Systems Inc (OTCQB: SMKG):
SmartCard Marketing Systems Inc (OTC: SMKG) is an industry leader in specialized industry Multi-Tenant 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, Commerce Strategies and Digital Transformation with a proprietary portfolio of applications and wireframes for Banking, Enterprises and Retail e-Wallets offering Cross-border Payments, Blockchain Protocols, Crypto Issuing, Chatbot AI, NFT Minting, Tokenization, Digital ID-eKYC, Digital Automation Strategies with option for “License to Own” marketplace applications.
For more info visit https://www.smartcardmarketingsystems.com
or visit our business applications marketplace at https://www.emphasispay.com
SmartCard's common stock is currently listed on the OTCQB under the symbol "SMKG". The shares of common stock covered by the registration statement were previously issued by SmartCard and are being registered to fulfil SmartCard's registration rights obligations to certain stockholders.
The registration statement, while effective, permits resale of the securities covered by the registration statement, subject to the satisfaction by the seller of the securities with the prospectus delivery requirements of the Securities Act of 1933.
The offering of the securities covered by the registration statement may only be made by means of a prospectus. The registration statement and prospectus may be accessed through the U.S. Securities and Exchange Commission's website at www.sec.gov. A copy of the prospectus related to the offering may be obtained from SmartCard Marketing Systems, Inc., 20C Trolley Square,Wilmington, DE 19806, or by calling 844-843-7296.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of the securities in any state or jurisdiction in which the offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
We seek a safe harbor.
For additional enquiries & Enterprise Program connect with:
Dharmesh Vora
President Enterprise Solutions
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