#Payout by #ATM as Cash remains #King a dominant and preferred method of transaction in many #emergingmarkets for several reasons: #Accessibility ✅ + #offramping + #remittances + #charity
1. Limited Banking Infrastructure: In many emerging economies, banking facilities are less accessible. A significant portion of the population lacks bank accounts or access to financial services, making cash the most viable means for transactions.
2. Trust Issues with Financial Institutions: Many individuals in emerging markets exhibit skepticism towards banks and financial systems, often due to past crises or perceived corruption. Cash transactions feel more secure as they avoid potential institutional risks.
3. Cultural Preferences: In several cultures, cash is deeply ingrained as a means of exchange. It is often associated with tangible value, whereas digital transactions may not be as trusted or understood.
4. Economic Instability: Fluctuations in currency value and inflation can lead people to prefer holding cash as a more stable form of value compared to volatile digital currencies or bank savings.
5. Transaction Costs: In some cases, the costs associated with electronic payments, such as fees for card usage or mobile payments, can deter consumers. Cash transactions do not incur these additional costs, making them more appealing, particularly for small purchases.
6. Informal Economy: A significant portion of commerce in emerging markets occurs in informal settings where cash is the primary medium of exchange. Many small businesses and vendors operate outside the formal banking system, reinforcing cash's dominance.
7. Technological Barriers: Although mobile payment technologies are growing, not everyone has access to smartphones or reliable internet connections, limiting the adoption of digital payment methods in certain areas.
8. Government Policies: Some governments may favor cash transactions due to ease of tax collection and regulation in the formal economy, which can encourage citizens to use cash.
9. Adaptation and Resilience: Cash has proven to be a resilient method of payment even during crises, such as the COVID-19 pandemic, where digital payments gained traction but cash remained crucial for many, particularly where digital literacy or infrastructure was lacking.
SmartCard Marketing Systems Inc (OTC:SMKG) + AXEPAY Inc. Fintech/Paytech Global Solutions and Cross-Border + Premise Fintech
1. Limited Banking Infrastructure: In many emerging economies, banking facilities are less accessible. A significant portion of the population lacks bank accounts or access to financial services, making cash the most viable means for transactions.
2. Trust Issues with Financial Institutions: Many individuals in emerging markets exhibit skepticism towards banks and financial systems, often due to past crises or perceived corruption. Cash transactions feel more secure as they avoid potential institutional risks.
3. Cultural Preferences: In several cultures, cash is deeply ingrained as a means of exchange. It is often associated with tangible value, whereas digital transactions may not be as trusted or understood.
4. Economic Instability: Fluctuations in currency value and inflation can lead people to prefer holding cash as a more stable form of value compared to volatile digital currencies or bank savings.
5. Transaction Costs: In some cases, the costs associated with electronic payments, such as fees for card usage or mobile payments, can deter consumers. Cash transactions do not incur these additional costs, making them more appealing, particularly for small purchases.
6. Informal Economy: A significant portion of commerce in emerging markets occurs in informal settings where cash is the primary medium of exchange. Many small businesses and vendors operate outside the formal banking system, reinforcing cash's dominance.
7. Technological Barriers: Although mobile payment technologies are growing, not everyone has access to smartphones or reliable internet connections, limiting the adoption of digital payment methods in certain areas.
8. Government Policies: Some governments may favor cash transactions due to ease of tax collection and regulation in the formal economy, which can encourage citizens to use cash.
9. Adaptation and Resilience: Cash has proven to be a resilient method of payment even during crises, such as the COVID-19 pandemic, where digital payments gained traction but cash remained crucial for many, particularly where digital literacy or infrastructure was lacking.
SmartCard Marketing Systems Inc (OTC:SMKG) + AXEPAY Inc. Fintech/Paytech Global Solutions and Cross-Border + Premise Fintech
Its not so simple accessing #Crypto clients in specific markets. Sure, the numbers are growing, but its fragmented and connected all at the same time. Many strategies are required to reach the intended audience and many #PrivateEquity and #InvestmentBanks have yet to complete their strategy or new charted course.
At SmartCard Marketing Systems Inc (OTC:SMKG) working with Regulators, Compliance, Multi-Jurisdiction strategies and #Paymentchannels are just the start.
"Based on research, 28 percent of American adults, or as many as 65.7 million people, own cryptocurrency in the U.S. today, rising from just 15 percent in 2021. This may indicate that public confidence is growing after the “crypto winter” of 2022."
https://www.security.org/digital-security/cryptocurrency-annual-consumer-report/#:~:text=Based%20on%20our%20research%2C%2028,crypto%20ownership%20compared%20to%20women.
At SmartCard Marketing Systems Inc (OTC:SMKG) working with Regulators, Compliance, Multi-Jurisdiction strategies and #Paymentchannels are just the start.
"Based on research, 28 percent of American adults, or as many as 65.7 million people, own cryptocurrency in the U.S. today, rising from just 15 percent in 2021. This may indicate that public confidence is growing after the “crypto winter” of 2022."
https://www.security.org/digital-security/cryptocurrency-annual-consumer-report/#:~:text=Based%20on%20our%20research%2C%2028,crypto%20ownership%20compared%20to%20women.
Security.org
2025 Cryptocurrency Adoption and Consumer Sentiment Report
Bitcoin surged to all-time highs in 2024, and under Trump, 60% expect crypto's value to rise. Ownership is up; 28% of Americans now own cryptocurrencies.
At SmartCard Marketing Systems Inc (OTC:SMKG) #PAAS + #Marketplacetech + #Wallets
Wallets and #cryptocurrencies represent an innovative shift in the way we think about #finance and #transactions. Here are several reasons why they are considered a perfect infrastructure and payments strategy:
1. #Decentralization
- Cryptocurrencies operate on decentralized networks, reducing reliance on traditional banks and financial institutions. This decentralization can lead to lower transaction fees and increased financial accessibility for individuals who may not have access to traditional banking services.
2. #GlobalAccessibility
- Cryptocurrencies can be accessed and used anywhere in the world, provided there is internet connectivity. This is particularly advantageous for cross-border transactions, as it eliminates the need for currency conversion and international transaction fees.
3. #Security and Transparency
- Blockchain technology, which underlies most cryptocurrencies, provides a secure and transparent method of recording transactions. Each transaction is encrypted and recorded on a public ledger, making it difficult to alter or fraudulently replicate transactions.
4. #Speed of Transactions
- Crypto transactions can be processed much faster than traditional banking methods, especially for international transfers. While traditional bank transfers can take several days, cryptocurrencies can enable near-instantaneous transactions.
5. #SmartContracts
- Many cryptocurrencies support smart contracts, which are self-executing contracts with the terms directly written into code. This automates processes and reduces the need for intermediaries, streamlining various agreements in business and legal environments.
6. Lower Transaction Fees
- Crypto wallets generally have lower transaction fees compared to traditional payment methods, especially for cross-border transactions. This is beneficial for both consumers and businesses looking to reduce costs.
7. #FinancialInclusion
- Cryptocurrencies offer financial services to unbanked and underbanked populations, providing them with a means to save, invest, and transact without a traditional bank account.
8. #Programmability
- Cryptocurrencies can be programmed for various use cases, allowing businesses to create tailored payment solutions that meet their specific needs and adapt quickly to changing market conditions.
9. Resistance to #Inflation
- Some cryptocurrencies have capped supplies (like Bitcoin), providing a hedge against inflation. This characteristic can attract investors seeking to preserve value in uncertain economic climates.
10. Innovative Payment Solutions
- Companies can leverage blockchain technology to create novel payment solutions, including loyalty programs, micropayments, and other payment structures not readily available through traditional banking systems.
#CODESMKG
Wallets and #cryptocurrencies represent an innovative shift in the way we think about #finance and #transactions. Here are several reasons why they are considered a perfect infrastructure and payments strategy:
1. #Decentralization
- Cryptocurrencies operate on decentralized networks, reducing reliance on traditional banks and financial institutions. This decentralization can lead to lower transaction fees and increased financial accessibility for individuals who may not have access to traditional banking services.
2. #GlobalAccessibility
- Cryptocurrencies can be accessed and used anywhere in the world, provided there is internet connectivity. This is particularly advantageous for cross-border transactions, as it eliminates the need for currency conversion and international transaction fees.
3. #Security and Transparency
- Blockchain technology, which underlies most cryptocurrencies, provides a secure and transparent method of recording transactions. Each transaction is encrypted and recorded on a public ledger, making it difficult to alter or fraudulently replicate transactions.
4. #Speed of Transactions
- Crypto transactions can be processed much faster than traditional banking methods, especially for international transfers. While traditional bank transfers can take several days, cryptocurrencies can enable near-instantaneous transactions.
5. #SmartContracts
- Many cryptocurrencies support smart contracts, which are self-executing contracts with the terms directly written into code. This automates processes and reduces the need for intermediaries, streamlining various agreements in business and legal environments.
6. Lower Transaction Fees
- Crypto wallets generally have lower transaction fees compared to traditional payment methods, especially for cross-border transactions. This is beneficial for both consumers and businesses looking to reduce costs.
7. #FinancialInclusion
- Cryptocurrencies offer financial services to unbanked and underbanked populations, providing them with a means to save, invest, and transact without a traditional bank account.
8. #Programmability
- Cryptocurrencies can be programmed for various use cases, allowing businesses to create tailored payment solutions that meet their specific needs and adapt quickly to changing market conditions.
9. Resistance to #Inflation
- Some cryptocurrencies have capped supplies (like Bitcoin), providing a hedge against inflation. This characteristic can attract investors seeking to preserve value in uncertain economic climates.
10. Innovative Payment Solutions
- Companies can leverage blockchain technology to create novel payment solutions, including loyalty programs, micropayments, and other payment structures not readily available through traditional banking systems.
#CODESMKG
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Banking as a Service (#BaaS) refers to a model where banks and financial institutions provide their banking services and infrastructure through APIs (Application Programming Interfaces) to third-party companies. This allows businesses to integrate banking functionalities into their own products or services without needing to build their own banking systems from scratch.
At SmartCard Marketing Systems Inc (OTC:SMKG) #PAAS + #BAAS
Key Features of BaaS:
1. API-Driven: Access to banking services through standardized APIs facilitates seamless integration.
2. Financial Products: Businesses can offer various financial products, such as payment processing, savings accounts, loans, and digital wallets.
3. Flexibility: Companies can customize banking solutions according to their specific needs, creating tailored customer experiences.
4. Cost-Efficiency: Reduces the need for heavy investments in technology and regulatory compliance for companies wanting to offer banking services.
Benefits of BaaS:
- Faster Market Entry: Companies can quickly launch financial products without extensive banking infrastructure.
- Innovation: Enables fintechs and non-financial businesses to innovate and introduce new services.
- User Experience: Improves customer engagement by providing integrated and convenient banking solutions.
Examples of Use Cases:
- Fintech apps providing seamless payment processing.
- E-commerce platforms offering credit or financing options at checkout.
- Neobanks leveraging existing banking infrastructure to offer customer-centric financial services.
BaaS is a transformative trend in the financial services industry, driving digital transformation and enabling a more flexible banking ecosystem.
At SmartCard Marketing Systems Inc (OTC:SMKG) #PAAS + #BAAS
Key Features of BaaS:
1. API-Driven: Access to banking services through standardized APIs facilitates seamless integration.
2. Financial Products: Businesses can offer various financial products, such as payment processing, savings accounts, loans, and digital wallets.
3. Flexibility: Companies can customize banking solutions according to their specific needs, creating tailored customer experiences.
4. Cost-Efficiency: Reduces the need for heavy investments in technology and regulatory compliance for companies wanting to offer banking services.
Benefits of BaaS:
- Faster Market Entry: Companies can quickly launch financial products without extensive banking infrastructure.
- Innovation: Enables fintechs and non-financial businesses to innovate and introduce new services.
- User Experience: Improves customer engagement by providing integrated and convenient banking solutions.
Examples of Use Cases:
- Fintech apps providing seamless payment processing.
- E-commerce platforms offering credit or financing options at checkout.
- Neobanks leveraging existing banking infrastructure to offer customer-centric financial services.
BaaS is a transformative trend in the financial services industry, driving digital transformation and enabling a more flexible banking ecosystem.
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Taking the path toward #PAAS can feel like you are giving up control.
At SmartCard Marketing Systems Inc (OTC:SMKG) the accelerated track with "Platforms as a Service" with #EmbeddedPaytech + #BusinessIntelligence = Digital Transformation and Strategic Scalability.
At SmartCard Marketing Systems Inc (OTC:SMKG) the accelerated track with "Platforms as a Service" with #EmbeddedPaytech + #BusinessIntelligence = Digital Transformation and Strategic Scalability.
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Think "New Economy". $SMKG:OTC
At SmartCard Marketing Systems Inc (OTC:SMKG) #PAAS + #BAAS + #Paytech #OTCdesk + #Stablecoins + #Crypto = #DigitalPayments
At SmartCard Marketing Systems Inc (OTC:SMKG) #PAAS + #BAAS + #Paytech #OTCdesk + #Stablecoins + #Crypto = #DigitalPayments
#DigitalEnergy by SmartCard Marketing Systems Inc. ($SMKG:OTC) is pioneering the #energy sector through cutting-edge technology and innovative solutions. As the demand for sustainable energy solutions grows, Digital Energy aims to lead the way by integrating advanced solutions with SmartCard's #PAAS + #DigitalPayments integrated with energy management systems.
The core offering of Digital Energy is a robust platform that allows consumers to monitor and control their energy usage in real time, promoting efficiency and reducing costs.
With a commitment to sustainability, SmartCard Marketing Systems is poised to revolutionize how Digital Energy and #EmbeddedPaytech is fostering faster Payments across the globe.
Investing in #SMKGOTC means supporting a company at the forefront of the digital energy revolution, dedicated to driving change in the industry and creating value for its stakeholders.
#Digitization #Payments #Grid #Iot
The core offering of Digital Energy is a robust platform that allows consumers to monitor and control their energy usage in real time, promoting efficiency and reducing costs.
With a commitment to sustainability, SmartCard Marketing Systems is poised to revolutionize how Digital Energy and #EmbeddedPaytech is fostering faster Payments across the globe.
Investing in #SMKGOTC means supporting a company at the forefront of the digital energy revolution, dedicated to driving change in the industry and creating value for its stakeholders.
#Digitization #Payments #Grid #Iot
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No denying that #Crypto is "BIG" -but Tokenizing #Stocks "EPIC".
At SmartCard Marketing Systems Inc (OTC: $SMKG) we are in pursuit!
At SmartCard Marketing Systems Inc (OTC: $SMKG) we are in pursuit!
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