SmartCard Marketing Systems Inc. (OTC:SMKG) is a Global Investment Outreach Partner with the Government of Maharashtra’s (India) “a Global Fintech Superpower.
New York November 3rd, 2022
The company SMKG highlights its Cross-border Payments Rails Platform Axepay, Genorocity Marketplace + SuperWallet, 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.
India is amongst the fastest growing Fintech markets in the world. Indian FinTech industry’s market size is $50 Billion in 2021 and is estimated at ~$150 Billion by 2025. The Indian Fintech industry ecosystem sees a wide range of subsegments, including Payments, Lending, Wealth Technology (WealthTech), Personal Finance Management, Insurance Technology (InsurTech), Regulation Technology (RegTech), etc
As of September 2022, India’s Unified Payments Interface (UPI) has seen participation of 358 banks and has recorded ~6.8 Billion transactions worth over $135 Billion. India has 23 Fintechs which have gained ‘Unicorn Status’. 1/5 Startup Unicorns are from Fintech
India recorded the largest absolute number of real-time transactions in the world; India’s real-time transactions crossed 48 Billion, which is 6.5 times of the combined volume of the world’s leading economies: U.S., Canada, U.K., France and Germany in 2021, resulting in cost savings of ~$12.6 Billion for Indian businesses and consumers in 2021
The digital investment market is set to be worth $14.3 Billion by 2025, growing from $6.4 Billion in 2021 at a 5-year CAGR of 22.4%.
India’s digital payments market is at an inflection point and is expected to more than triple from $3 Trillion today to $10 Trillion by 2026. As a result of this unprecedented growth, digital payments (non-cash) will constitute nearly 65% of all payments by 2026 i.e., 2 out of 3 transactions (by value) will be digital.
(Source) https://www.investindia.gov.in/sector/bfsi-fintech-financial-services
SmartCard Marketing Systems Inc (OTC:SMKG) has a unique partnership with Mumbai Fintech Hub as a Global Investment Outreach Partners with the Government of Maharashtra’s “FinTech Investments and Deals Program” globally.
Mumbai FinTech Hub (MFH) (https://fintech.maharashtra.gov.in) - the FinTech vertical of the Government of Maharashtra - has been set up to enable the growth of the FinTech sector with a focus on - access to capital, market access, ecosystem, open innovation, talent, and policy & regulation. MFH aims to abridge the asymmetry between various start-ups, financial institutions, technology players, incubators, accelerators, academic institutes, investors, regulators, and government.
FinTech Investments and Deals - an initiative of Mumbai Fintech Hub and program managed PwC India, to catalyze funding access and strategic partnerships between early-stage FinTechs, investors, and corporate partners. The program has a digital platform (www.mfhfind.com) that connects FinTechs looking for funding with interested VCs. The platform is gratis and has yielded 200+ bespoke matching and conversations between 70+ Investors and FinTechs.
The Program will host a democratized digital investment platform encompassing buy side (PE / VC / Angel / Financial Institutions), sell side (FinTech start-ups) and strategic partners (customers / channel partners / capability partners).
Massimo Barone CEO stated that ‘this is an exciting collaboration with the Fintech arm of Government of Maharashtra (India) giving us the access to major Fintech Companies in India, enabling them with our proprietary platforms and global exchange of Technology with an opportunity for our partners to invest in the next unicorn in making. Adding value to provide our platforms to the global Fintech Companies ensuring a stronger hold in the region with this partnership. We are excited to have formed many relationships and collected several key awards and regonitions with Government and Major Card Schemes in the region. We are approaching commercial deployments in the region as a Host Tech Centre and Embedded payment infrastructure which is key to capturing growth in the region and for cross-border initiatives."
About SmartCard Marketing Systems Inc (OTCQB: SMKG):
SmartCard Marketing Systems Inc (OTC: SMKG) is an industry leader in specialized industry e-Commerce, Cloud and Mobility marketplace platforms and applications delivering White-Label and Private-label solutions to the global PayTech and FinTech markets. SMKG is a boutique technology company, providing Business Intelligence and Digital Transformation Strategies with a proprietary portfolio of applications and wireframes for Banking, Enterprises and Retail e-Wallets offering embedded Blockchain Protocols, Cross-border Rails, Crypto Issuing, NFT Minting, Tokenization, Digital ID-eKYC, Digital Automation Strategies with “License to Own” marketplace applications.
For more info visit www.smartcardmarketingsystems.com
or visit our business applications marketplace at www.emphasispay.com
We seek a safe harbor.
For additional enquiries & Enterprise Program connect with:
Dharmesh Vora
President Enterprise Solution
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