TORONTO and MIAMI, FL, May 28, 2020 /PRNewswire/ - XTM, Inc. ("XTM" or the "Company") (CSE:PAID) (FSE:7XT), a global Fintech company in the challenger banking space, providing mobile banking and payment solutions around the world is pleased to announce that it is completing the final steps to launch the Today™ Mastercard program throughout the United States.
Due to overwhelming demand for XTM's cashless earnings and gratuity platform coupled with the Today Mastercard for workers, the Company has been working diligently to expedite the process with its processor and issuing bank. XTM has a pipeline of customers who have already committed to launching the program as soon as XTM is ready to issue Mastercard's in the U.S. which the Company expects to be by July 2020.
The Company built its platform to be currency agnostic and can process in any currency Mastercard and its processer support. When entering a new country XTM partners with a local bank to act as its issuing Mastercard sponsor bank and deposit taking entity.
"Accelerating our launch of the Today program in the U.S. is a critical component of our expansion and growth plan," commented Marilyn Schaffer, CEO. "The success and learnings we've gained in the Canadian market will be rapidly replicated in this much larger market with our well-refined roll-out methodology and business model."