Smart Card Marketing Systems (OTCMKTS:SMKG) on April 20, 2022, announced that the management has finisheda number of regulatory and compliance requirements. This will give a Segway into a number of Countries for Payment Rails Automation as well as Payment Card acceptance. This includes key regions of Latin America, North America, South-East Asia, Africa, and China.
Market Reaction
On Wednesday, SMKG stock gained 2.31% to $0.0665 with more than 1 shares, compared to its average volume of 30K shares. The stock moved within a range of $0.0665 – 0.0665 after opening trade at $0.0665.
SmartCard Marketing Systems Inc. Payments Lab Completion and Sales Desk for Several Countries Key to Growth and Defining Industry Advantage Through 2022 to 2026
The firm’s vision is to give a joint solution bringing a broad range of payment providers as well as schemes from across the globe. It will also ensure the ability to underwrite, onboard, and thrive in the Cross-border market as an agnostic payments’ lab for technology to Enterprises and Financial Institutions.The advantage of the firm’s fintech, paytech portfolio, and embedded payments is that it optimizes business processes in Cloud, E-commerce, and mobility.
CEO of SMKG Massimo Barone expressed excitement about achieving the milestone of opening the Payments desk. Barone said that it is an enabler to own a technology portfolio with merchants pre-approved by partner FI acquirers.
The CEO opined that the proprietary technology portfolio for Web3.0 as well as Banking4.0 is available to several markets. It can be scaled up by its own technology for Blockchain, Crypto Currencies as well as NFTs for the Digital Assets market space. SMKG plans to capture growth by bundling marketplace applications servicing E-commerce, Mobility, and scale with AR/VR for the Metaverses.
Key Quote
The CEO of SMKG:OTCQB, Massimo Barone, stated, “We are excited to have achieved this milestone to open our Payments desk, as it is a key enabler to our very own technology portfolio with merchants pre-approved by our partner FI acquirers and issuers. This will drive our VARs, ISOs and Channel Partners which will grow the ISV partnerships that is fundamental to onboarding SMEs and Enterprises. The target focus merchant and consumer activations through our technology offerings combined with embedded payments and cross-border payment rails.
Traders Review
SMKG stock is trading above the 20-Day and 50-Day Moving averages of $0.062 and $0.063 respectively. However, the stock is trading below the 200-Day moving average of $0.0668.
