XTM’s Earned Wage Access Solution Anyday™ Set to Roll Out Across Canada
Early pay is proven to be a significant incentive to motivate, encourage and support employees.
XTM (CSE: PAID) (OTCQB: XTMIF) (FSE: 7XT), a Miami and Toronto-based Fintech creator of payment innovations and mobile solutions geared explicitly towards service industries, including hospitality, personal care and other service providers, announced it will be rolling out the QRails AnyDay™ solution across Canada.
Further to the announcement on June 15, 2023, the combined entities will leverage their direct payroll integrations to enable clients with employees in Canada and the U.S. to deliver a unified EWA solution. By leveraging XTM’s existing banking partners in Canada and migrating to QRails’ issuing and direct Mastercard processing platform, the company is about to turn up large organizations that have been awaiting a fully compliant, single-source, EWA North American solution.
XTM CEO Marilyn Schaffer commented on the announcement, stating:
“It is gratifying to see our roadmap coming to realization. As in any business, you are required to pivot at times, however, the goal remains to inspire today’s worker on their terms. Early Pay is proven to be a significant incentive to motivate, encourage and support employees.”
QRails President Cary Strange added:
“With XTM, QRails is about to see a return for its investment in engineering one of the most robust and scalable issuer processors in the world. Rolling out with XTM’s solid traction in Canada’s service industry, creates credibility for QRails, transitioning it from world-class software to a viable business.”
Shares of XTM last traded at $0.21 per share, up 10.53% on the day. YTD, PAID stock is up 90.91%.
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XTM Inc. (CSE: PAID) is a paid client of Wealthy VC.
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