Industry leader specializing in Cloud, e-commerce, and Mobility applications, SmartCard Marketing Systems Inc (OTCMKTS:SMKG) delivers White Label solutions to global PayTech as well as FinTech markets. SMKG, a boutique technology company, gives digital transformation and business intelligence strategies for enterprises, banking, and Retail e-Wallets.
Trading Data
On Wednesday, SMKG stock ended flat at $0.0325 with 4.5K shares, compared to its average volume of 31K shares. The stock moved within a range of $0.0260 – 0.0325 after opening trade at $0.0260.
SmartCard Marketing Systems Inc (OTC:SMKG) The Payment Tech Powerplay by SMKG For The Fintech Sector Globally.
SmartCard Marketing Systems Inc on July 27, 2022, announced the strategic introduction of Payment Technology Powerplay for the Fintech sector globally. Recent developments by SMKG and partners Xpay and AxepayInc create novel Payment technology infrastructure for Cross border payments, Payment Device Terminal Management, and a combination of Marketplace and Software applications for institutions. The breakaway from traditional modeling enables significant flexibility and reach for branching out fewer restraints put forth by present providers looking to manage vendors.
The novel offering bundle by SKMG for the payments industry world over is a payment solution giving infrastructure, regulatory compliance as well as a global network. It also gives vital business intelligence solutions as well as knowledge giving governments, financial institutions as well as enterprises commercial strategies. It aims to make available technology for Middleware, Core, Client Facing, or even a combination for delivering an End-to-End Payment Lifecycle.
CEO Massimo Barone of SMKG said that several people are stating the ability to develop as well as implement a technology and infrastructure strategy. The firm has made a vision of Payment Tech Powerplay for providing different institutions with the flexibility and capability of owning payments for different models and structures needed for working with global and domestic card schemes. The company’s proprietary portfolio buildup of Paytech as well as Fintech applications, Blockchain protocols, NFT issuing, Mobile Wallets, and Digital Assets tokenization.
SKMG’s fintech model has traditional Fintech Accelerators besides offering both expertise and leveraging technology portfolio as available resources. The capital will give qualifying Startups a fast track to commercialization and deployments by financial institutions.
SmartCard Marketing Systems Inc (SMKG:OTCQB) is Pleased to Announce Entering a Joint Venture Partnership with Aces Group LLC, DBA: KanaCash, Africa
SmartCard Marketing System on June 6, 2022, announced a JV partnership with KanaCash, a digital fintech organization based in Africa. This partnership will give KanaCash the proprietary IP Portfolio for enabling a marketplace linked with a digital wallet for customers and merchants. The JV will hence enable KanaCash to help reach the goal and aims at harnessing and implementing tech suite in the untapped market.
Over two million Sub-Saharan African immigrants living in the US transfer money to families regularly. Most individuals have a mobile money account in Sub-Saharan Africa. Mobile money is rapidly becoming the preferred method to get remittances in the region. KanaCash will commence remittances from the US to 11 African markets. Remittances inflows to Sub-Saharan Africa rose 14.1 percent to $49 billion in 2021. Currently, 60% of the African population (around 100 million people) are without a traditional banking account. The unbanked population has a high penetration of smartphones providing a novel opportunity for a FinTech company like KanaCash. KanaCash is operating in Liberia, the US, Sierra Leone, and Cabo Verde.
Technical Data
SMKG stock is trading below the 20-Day and 50-Day Moving averages of $0.0350 and $0.0316 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0632. The company has a total market capitalization of $16 million. The stock is down 33% over the past month.
