XTM, a Canada-based fintech that provides mobile banking and payment card solutions, announced on Tuesday it has signed an additional 80 food delivery stores for its Today Card and Mobile Wallet program. XTM reported it continues to sign up a record number of restaurant delivery locations to the program, which is seeking to pay employees, drivers, and contractors same-day and eliminate cash.
XTM reported that it designed its backend to allow for easy point of sale (POS) integration, completely automating the process of delivering same-day cashless payouts from syndicated restaurant chains to one-off locations. XTM is onboarding stores for same-day cashless payouts in days, not weeks. While sharing more details, Marilyn Schaffer, CEO of XTM, stated:
“Our technology roadmap includes further expediting onboarding making it as seamless as possible for all companies of all sizes to launch same-day pay. The increasing demand for our solution along with all the recent data demonstrating a paradigm shift away from cash further emphasizes that businesses and their workers are hungry for a cashless solution.”
The expansion of XTM’s Today Card comes just weeks after XTM listed its common shares for trading on the Frankfurt Stock Exchange (Deutsche Boerse AG) under the “7XT” symbol.
XTM reported its shares will now be cross-listed on the Canadian Securities Exchange (CSE) and the Frankfurt Stock Exchange. The company anticipates the Frankfurt listing will help increase trading liquidity and facilitate investment by institutional and retail investors across Europe.
Founded in 2006, XTM states that it acquired, developed, and integrated solutions businesses of every size, which includes challenger banks, credit unions, consumers, and governments. The company’s goal is to disrupt traditional banking with its white-labeled mobile wallet, banded Visa and Mastercard solutions, and platform.