SmartCard Marketing Systems Inc. (OTCQB

SMKG) Banking "BaaS", Cross-Border Payments and Paytech "PPaaS" - Platforms as a Service Industries Heating Up

NEW YORK, NY, July 10, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire - SmartCard Marketing Systems Inc (OTC: SMKG), a boutique fintech and paytech company offering a robust suite of platforms as a service firm, has announced that the industry is turning around after facing challenges and heating up in banking, payments tech and cross-border payments. The move to digitally ready platforms loaded with features and utilities that provide business intelligent processes, embedded paytech, blockchain protocols, embedded AI and cater to multi-tenant ecosystems is a key strategy – this is SMKG’s arena.

The key to all this will be interoperability and scalability. The company delivers its technology through white-label licensing, which also includes participation in fees for account activations, recurring transactions and for clients that require banking, FX and card processing domestically or internationally – the company participates in underwriting through financial partners earning fees from FX and processing of MDR. There is also important revenues modeling arising from blockchain and CBDC interoperability, and processing these new payment utilities and protocols embedded with the company's platforms is definitely important. 

Massimo Barone, Founder and CEO SmartCard Marketing Systems Inc. stated, “We are seeing a great trend resurging in the banking and payment industries combined that want digital innovation for a new experience in automation. The tailwinds and recent news indicate that core service and paytech platforms are key with major players that are taking notice. This is our sweet spot, as it shines tremendous light on SMKG as we have invested significant capital, time and resources into development of our platforms as a service models for the banking and payments industry- this includes training our channel partners and resellers to deliver our products with highly skilled teams.

“Furthermore, our excitement into the AI sector came early as we made great strides in developing a Chatbot AI with CRM from an acquisition in 2021 that supports the banking and payments industry through intelligent processes and task automation. We are heading into the banking industry specifically with our channel partners and our resources, skilled team and platforms as a service model is a winning formula for small and midsize banks and credit unions.”