Smart Card Marketing Systems Inc (OTCMKTS:SMKG) Stock Consolidates After The Monster Rally

Smart Card Marketing Systems Inc (OTCMKTS:SMKG) stock moved in a narrow in the previous trading session after soaring 38% in the past week.

Market Action

On Friday, SMKG gained 1.88% to $0.0650. A total of 190K shares traded for the session hands, compared to its average volume of 56k shares. The stock opened at $0.0542 and moved in a range of $0.0496 – 0.0650.

Key Trigger

SmartCard Marketing Systems Inc (OTCQB:SMKG) Q3 an Exciting Series of Launches Into the Blockchain, Crypto & NFT Market With the OriginatorX & Payment Tech Portfolio

SmartCard Marketing Systems Inc (OTCQB:SMKG)  is an Intellectual Property accelerator focused on developing assets for Fintech & Paytech marketplace technologies. The company’s IP portfolio consists of decentralized marketplace applications, payment acceptance solutions, cross-border payment rails, events management, retail wallets and the Blockchain for white-label licensing for FIs and Enterprises globally. The company also provides advisory services to Start-ups and Fintech Accelerators that have investments in Start-up companies. 

The company realized several achievements in Q3 of 2021 with the completion of the Token, Crypto Coin and NFT Minting marketplace solution OriginatorX on Ethereum with several clients licensed for multiple applications including Genorocity Wallet, Granularchain and Qr.guru being launched under their own brands. The industries include Cosmetic, E-Gaming, Transit, Music and DeFI to name a few.

The particular achievement with minority interest Xpay.World in Singapore and Philippines attaining both PCI-DSS and PF with TPP (Payment Facilitator and Third Party Processor) sponsorships creates a unique offering for global deployment unmatchable with the SMKG portfolio as resident on the host.

Our new distributer partner Compuage Infocom India which is now our largest to date and creates a strategic channel for Enterprise and Financial Institutions accessing licensing and SAAS solution from SMKG’s tech portfolio in many markets. The expansion of both Partner networks and Enterprise clients is seeing robust demand for the Axepay Cross-border payment with over 6 new customers bringing on over a potential 105k merchants and 10m plus consumers.

Key Quote:

Joseph Riccelli, CEO of Innovative Designs, commented, “We are excited to join forces with one of North America’s leading sales agencies. Since signing into this agreement in mid-August, Mr. Shein’s agency has introduced Insultex® to some of the finest clothing manufacturers that exist. These companies have begun developing samples of their 2022 clothing lines using our Insultex®.”