XTM, Inc. (“XTM” or the “Company”) (OTC-QB: XTMIF) (CSE: PAID) (FSE: 7XT), a Miami and Toronto-based Fintech company in the neo-banking space, providing mobile banking and payment solutions around the world, is pleased to announce that Service Inspired Restaurants (SIRCORP) chose XTM’s Today Mobile App and instant payout solution as their solution for disbursing gratuity payouts to its thousands of staff members across the country.
XTM’s Today Program is comprised of a mobile app and debit card that enables real-time Earned Wage and Gratuity Access for restaurant staff, a motivator for improved time and attendance and reducing the burden on operators by replacing cash in restaurants’ ecosystem.
“Market Research shows that digital payment programs have replaced cash, cheques, and other payment cards where consumers or businesses want to use an electronic means of payment, without linking the payment to a traditional credit or debit account,” said Marilyn Schaffer, CEO, XTM. “The global prepaid card market size is projected to reach $6.87 trillion by 2030, growing at a Compounded Annual Growth Rate of 18.2% from 2021 to 2030.”
XTM’s Today Program provides each user with a free digital account enabling them to prevent co-mingling of their gratuities while allowing them to track transactions, pay bills, enable peer-to-peer transfers and transfer funds.