The Official EWA Offering Also Marks the
Introduction of the AnyDay™ Brand Through the QRails Acquisition,
Sunsetting Today and Tipstoday Brands.
XTM, Inc. (“XTM” or the “Company”) (QB: XTMIF /
CSE:PAID / FSE:7XT), a Miami and Toronto, Denver and London-based
Fintech creator of payment innovations including fully certified
Earned Wage Access (EWA) through its QRails AnyDay™ product, is
pleased to announce, further to its announcement in June 2023 XTM
to Launch EWA in Canada, the official roll out of its SAP-certified
and fully-complaint Earned Wage Access solution in Canada through
its AnyDay™ product currently in use to deploy earnings to
thousands of hospitality, personal care and soon to be added,
health care workers.
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Further to the recent acquisition of issuer-processor QRails in
August 2023, the Company’s Today/Tipstoday brands are evolving to
the new name with a visual identity and website that aligns with
XTM’s vision for the future. The AnyDay brand will replace the
Today brand, formerly Tipstoday.
“Through our QRails acquisition, XTM became the first vertically
integrated, fully SAP-certified provider of on-demand pay, which is
a game-changer for employers who want to offer impactful,
retention-focused benefits to their employees at scale,” said
Marilyn Schaffer, CEO, XTM. “Since the acquisition of QRails in
August of last year, we have seen significant momentum for EWA
within the U.S., including a 328% YOY increase in revenue. We are
excited to bring this innovative payroll enhancement to Canadian
employers and payroll partners.”
“Today is an important milestone for XTM, as our app, used daily
by thousands of hospitality, personal care and soon to come, health
care workers, reflects a new name and brand identity mirroring the
Company’s revitalized trajectory as a global contender in the
Earned Wage Access movement,” Marilyn added.
While employers continue to struggle with high turnover rates
across healthcare, retail and hospitality, employees continue face
financial challenges amid the seemingly ongoing financial crisis.
In a recently published white paper, The Era of On-Demand
Pay, XTM cites that nearly 80% of workers in North America are
living paycheck to paycheck, making it “the main financial
lifestyle.” AnyDay’s Earned Wage Access solution solves for both
challenges and is fully optional and free to employees, and free to
businesses that make their payroll accessible mid-pay-cycle. By
giving employees flexibility and control over when and how they get
paid, employers can offer an automated and impactful financial
wellness benefit that does not affect their bottom line. This is
not a new concept, but a growing payroll movement. Millions of
workers across North America have access to their earned wages,
on-demand, any day during their pay cycle.
AnyDay’s Earned Wage Access is designed to easily implement and
execute at scale. Through leading Payroll and Time & Attendance
integrations and leading HR technology partners, XTM will continue
to onboard employees within North America aiming for hundreds of
thousands of active employees in 2024.
For more information and to access The Era of On-Demand
Pay white paper, visit paidanyday.com.
About XTM
XTM is a Miami and Toronto, Denver and London-based Fintech
creator of payment innovations including fully certified and
vertically integrated Earned Wage Access through its QRails AnyDay™
product. Founded in the cloud-banking space to further support
businesses to inspire their workforce in the hospitality, personal
care and services staffing industries, XTM provides on-demand pay
for many large brands including Earls, Maple Leaf Sports &
Entertainment, Cactus Club, Marriott Hotels and Live Nation. XTM
continues to innovate with further digital featurization to support
businesses to inspire workers to want to work more with shift
scheduling and call-outs, staff management, expense management,
in-app health and financial wellness; and gamified loyalty
programs. XTM's Today Financial™ is in use through POS and Payroll
integrations and directly through web-portals by thousands of
businesses and their workers across Canada and the United
States.
About QRails / AnyDay
QRails Inc. (“QRails”) is a fully owned subsidiary of
XTM. A cloud-based, API-driven issuer-processor QRails enables
payroll providers, financial institutions and other global fintech
companies to keep up with the on-demand economy by delivering
innovative digital payment solutions to their employees. QRails
helps companies modernize and leverage payroll as a differentiator
in attracting and retaining talent all at low to no cost for the
employee and employer. QRails’ flagship solution, AnyDay™, is the
first provider to own their full tech stack that powers their
Earned Wage Access solution.
This news release contains “forward-looking information” and
“forward-looking statements” within the meaning of applicable
securities laws (the “forward-looking statements”), within the
meaning of applicable Canadian securities legislation, including
expected performance of XTM, the expectation that businesses with
which XTM does business or have committed to do business will in
the expected timeline, the continuing trend toward electronic
payment methods, the success of XTM’s intended geographic and
business expansions, the success of XTM’s new market relationships,
and the general conditions and revenues of XTM. Forward-looking
statements are statements that are not historical facts and are
generally, although not always, identified by words such as
"expect", "plan", "anticipate", "project", "target", "potential",
"schedule", "forecast", "budget", "estimate", "intend" or "believe"
and similar expressions or their negative connotations, or that
events or conditions "will", "would", "may", "could", "should" or
"might" occur. All such forward-looking statements are based on the
opinions and estimates of management as of the date such statements
are made. These forward-looking statements are made as of the date
of this news release. Readers are cautioned not to place undue
reliance on forward-looking statements, as there can be no
assurance that the future circumstances, outcomes or results
anticipated in or implied by such forward-looking statements will
occur or that plans, intentions or expectations upon which the
forward-looking statements are based will occur.
The CSE has not approved nor disapproved the contents of this
press release, and the CSE does not accept responsibility for the
adequacy or accuracy of this release.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240111938473/en/
For further information please visit xtminc.com or contact:
Marilyn Schaffer, CEO finance@xtminc.com 416-260-1641
XTM (TG:7XT)
過去 株価チャート
から 5 2024 まで 6 2024
XTM (TG:7XT)
過去 株価チャート
から 6 2023 まで 6 2024