SmartCard Marketing Systems Inc (OTCQB:SMKG) is strategically positioned to grow the BaaS “Banking as a Service” market with its platform offerings; Axepay, Granularchain and Genorocity.
It is a well-known fact that Banks offer critical services from Accounts, to Loans, Credit/Debit/Prepaid Cards to Payment Processing, Wire Desk and FX services that also includes large customer pools in Corporate and Personal banking. Their challenge is to bring this all together and that is where we step in – next step is to then offer Open Banking.
The SMKG offering not only provides white-label solutions for Banks to step it up in Digital services with Baas but also Embedded Payments and Embedded Finance. This is where we are beginning to shine in the Industry as small and large Banks, Credit Unions and MSB’s require more to compete. Our offerings provide it all or in part to get them started and its a global matter which is unlimited in potential.
Now add to this new offerings from Visa and MasterCard for example with Push2Card anywhere payment functions and you can see how Banks can become more dominant in their respective markets as Payment Solution providers for B2B, B2C and P2P.
If we take it a step further then we can also bring in Blockchain and Crypto which requires Banks to bring in-house the knowledge and technology to execute and transact products that will higher customer retention and generate new revenues.
Industry Related News; Baas
“Embedded finance would not be possible if not for Banking-as-a-Service (BaaS), a fee-based model that allows nonfinancial companies to offer financial services to their end users by connecting directly with banks’ systems using application programming interfaces (APIs).”
Source link: Express and WHP Global Buy Bonobos From Walmart (pymnts.com)
The CEO Massimo Barone state “We have made Baas and Open Banking our mission at SMKG, this includes Paas, Aiaas, Saas and Iotaas verticals to bring out the best industry performance possible for our technology reach.
This is a sector dominated by significantly larger competitors but none that own the entire portfolio like our company. It can be a difficult hill to climb, but with the right technology portfolio for Fintech, Paytech and Blockchain with embedded utilities including Digital ID and Digtial Tokenization Issuance all in our holdings – we aim to be among the top of that list of Commerce Strategy providers.”
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