Easy Payment at Check Out Means Greater Point of Sale Spend Resulting in Increased Interchange Revenue

XTM, Inc. (“XTM” or the “Company”) (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 the roll out of Apple Pay and Google Pay to U.S. Today™ program users.

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XTM Launches Apple and Google Pay to its U.S. Today™ Digital Payout Solution (Photo: Business Wire)

Apple Pay and Google Pay allow all Today Card holders to use their Apple or Android devices to make payments at the point of sale (“POS”). At checkout, the merchant prompts the customer to hold their enabled device near the merchant’s payment terminal or reader and the payment will be securely completed using NFC technology. Apple states that Apple Pay is already accepted at more than 90 percent of US retailers.

As previously announced, XTM has been working diligently rolling out more than 100K mobile wallets and by adding Apple Pay and Google pay to the Today program it will not only enhance the offering with convenience, but it will promote POS spend and in turn enable XTM to increase its interchange revenue percentage when calculating as a percentage of gross dollar value loads (“GDV”).

“We have two primary priorities -- our customers and our shareholders -- critical to our success,” said Marilyn Schaffer, CEO, XTM. “Providing the best customer experience and delivering convenient and secure payment options for all Today program members delivers on both priorities, generating happy customers and higher revenue.”

About XTM

XTM, www.xtminc.com, is a Miami and Toronto-based fintech innovator in the neo-banking space, helping businesses and service workers in the hospitality and personal care space disseminate and access earned wages and gratuities. XTM's Today™ Solution, comprised of a free mobile app and a Visa or Mastercard debit card with free banking features, is used by thousands of restaurants, salons and staff across Canada and the United States. XTM is a global card issuer and real-time payment specialist. Our technology is used by Restaurants, Salons and service staff at no charge to automate and expedite Earned Wage and Gratuity Access, increasing time and attendance and eliminating cash from ecosystems. XTM's Today solution drives operational efficiencies and delivers a bespoke user experience designed specifically for service workers.

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, that the integrations will attract new business owners to use the Today program, 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. While XTM can make best efforts to estimate when businesses will re-open or back to pre-Covid 19 business levels there are no guarantees this will happen in the time the Company expects or if at all. 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.

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