Excellence in #DigitalCommerce
– (NASDAQ: $APCX) (NYSE: $NU) (NYSE: $FI) (NYSE: $FIS) @AppTechCorp @nubank
@Fiserv @FISGlobal
Vancouver
Kelowna, Delta, BC – August 23,2023 - Investorideas.com, a
leading investor news resource covering Fintech stocks releases a special news report
on excellence in digital commerce, featuring AppTech Payments Corp. (NASDAQ:APCX), an innovative
Fintech company powering seamless commerce between business and consumers.
Read this article
featuring APCX in full at https://www.investorideas.com/news/2023/technology/08231Digital-Commerce.asp
According
to ResearchandMarkets.com, “The
global digital banking platform market grew from $6.09 billion in 2022 to $6.9
billion in 2023 at a compound annual growth rate (CAGR) of 13.2%. The digital
banking platform market is expected to grow to $11.34 billion in 2027 at a CAGR
of 13.2%.”
Looking
at recent news highlights from some of the industry’s recognized leaders,
innovation and a passion for being best in class are driving growth for the
sector.
Taking
years to build its IP to position as a leader in specialty payments, AppTech
Payments Corp. (NASDAQ:APCX) recently
announced the
Company’s patent licensee, PayToMe.co, was named the winner of a Bronze Stevie®
Award at the 20th Annual
International Business Awards®.
PayToMe.co
won the “Tech Startup of the Year” award in the Services category in
recognition of its comprehensive suite of integrated digital financial services
and solutions at the forefront of transforming back-office financial processes
and revolutionizing digital payments. The patent license from AppTech
solidifies PayToMe.co’s position as a leading innovator in the Silicon Valley
startup ecosystem.
From the news: The
journey to this achievement was marked by an involved judging process, with
insights from over 230 executives from around the world. The evaluation,
conducted throughout June and July, underscored the remarkable impact of
PayToMe.co's innovations. Notably, the competition drew from a pool of more
than 3,700 nominations originating from 61 nations and territories. Winners
will be celebrated during a gala banquet at the Cavalieri Waldorf Astoria
Hotel, in Rome, Italy on Friday, October 13, 2023.
“This
award reflects PayToMe.co’s contributions at the forefront of the Fintech
industry,” said Luke D’Angelo, Chairman & CEO of AppTech Payments Corp. “We
are proud to see AppTech’s IP position increasingly recognized alongside
current technology market leaders. We will continue to support PayToMe.co and
other startups in Silicon Valley and around the world through strategic
partnerships and patent licenses.”
From the news: One IBA
judge commented: “As a judge, I find that PayToMe.co has presented compelling
supporting materials that effectively substantiate the claims made in this
nomination, providing a solid foundation for the company's achievements and
unique value proposition in the fintech industry. The patent license granted by
AppTech Payments serves as tangible evidence of PayToMe.co's innovative
solutions, specifically in mobile-to-mobile payments and computer-to-mobile
chat systems."
“This
license not only highlights the company's dedication to innovation but also
enhances its credibility and sets it apart within the industry. By referencing
these supporting materials, PayToMe.co offers concrete evidence of its
achievements, transparency, credibility, and validation, solidifying its
position as an emerging leader in the fintech space.”
The following AppTech
patents are licensed under this agreement:
1. Computer to
Mobile Two-Way Chat System & Method
2. Mobile-to-Mobile
Payment System and Method
3. System and
Method for Delivering Web Content to a Mobile Device
4. Mobile Commerce
Framework
PayToMe.co
is a leading Fintech platform offering integrated digital financial services
and solutions across all channels. Its mission is to streamline, simplify,
digitize, and automate back-office financial processes while transforming
digital payments through an all-in-one Fintech platform. With comprehensive
offerings such as Payment-as-a-Service (PaaS), PayFac-as-a-Service (Pay-Fac),
and Software-as-a-Service (SaaS), PayToMe.co empowers businesses to provide
seamless payment experiences and expand revenue generation opportunities. To
learn more about PayToMe.co and explore its full range of services, please
visit www.paytome.co.
AppTech
Payments released its second quarter
results on August 14th.
Recent Business
Highlights included:
·
Executed a definitive agreement with
Broadnet Technologies to expand AppTech’s reach in the global text-to-pay
space. The Patent License Agreement licenses AppTech’s SMS and Mobile Payment
patents to Broadnet, thereby expanding the Company’s footprint by supporting
integrations with its patent-based portfolio in text-to-pay and SMS solutions.
·
Entered a strategic partnership to build,
develop, launch, and manage InstaCash, Inc.’s mobile-to-mobile payment system,
and subsequently extended the license to Brazil and Mexico. AppTech will
develop mobile and web-based applications for the contactless payment system,
which will feature digital banking services and Visa/MasterCard sponsorship,
and provide user support services. As part of the partnership, AppTech will
receive an equity stake in InstaCash.
·
Granted a patent license to PayToMe.co, a
Silicon Valley-based company focused on revolutionizing digital financial
services.
·
Joined the Russell Microcap® Index,
effective after the US market opened on June 26, 2023. Russell indexes are
widely used by investment managers and institutional investors as benchmarks
for active investment strategies. Approximately $12.1 trillion in assets are
benchmarked against Russell’s US indexes.
Nu
Holdings Ltd. (NYSE: NU), one
of the world’s largest digital financial services platforms, released its second quarter 2023 financial results on
August 15th.
Excerpts:
"This
quarter, Nu continued to expand its customer base, engagement, and
monetization, increasing ARPAC above $9 for the first time, while keeping cost
to serve stable below the dollar level. This combination led to revenue growing
5x in the last two years to a record of $1.9 billion, and net income reaching
$225 million, over 50% higher than the last quarter, which reinforces Nu’s
strong operational leverage and earning-generating power. We continue to
showcase leading indicators in the region for operating efficiency, and
solidity. In Brazil, our growth trajectory continues, as one in every two
adults is a Nu customer, and we have become the fourth largest financial
institution in the country in number of customers", said David Vélez, founder
and CEO of Nubank.
From the news:
Customer growth: Nu added 4.6 million customers in Q2’23 and 18.4 million
year-over-year (YoY), reaching a total of 83.7 million customers globally by
June 30th, 2023. This represents a 28% growth YoY, which underscores Nu's
position as one of the largest and fastest-growing digital financial services
platforms worldwide and the fifth-largest financial institution in Latin
America by number of customers. In Brazil, Nu’s customer base reached 79.4
million by June 30th, 2023, accounting for 49% of the country’s adult
population and becoming the fourth-largest financial institution by number of
customers, according to Brazilian Central Bank data. In July 2023, after the
closing of Q2’23, Nu surpassed the mark of 85 million customers globally and 80
million in Brazil.
From the news:
Performance and Growth in Brazil: Nu’s growth trajectory continues with around
1.5 million new customers per month. Nu has already become best-in-class in
terms of efficiency ratio in the country, as revenues continue to grow while
costs remain under control, demonstrating massive operating leverage and likely
securing the position of the lowest-cost manufacturer in Brazil. Recent
launches on Secured Loans, such as Payroll Loans for Federal Public Servants or
FGTS-backed loans which the company began testing a few weeks ago, will enable
Nu to become the primary banking relationship of an even larger base of
customers, fueling engagement and monetization even further.
On
August 2, 2023, Fiserv, Inc. (NYSE: FI), a
leading global provider of payments and financial technology solutions, announced it was
named to the inaugural list of the World’s Top FinTech Companies in recognition
of its delivery of fintech innovation. The list, compiled by CNBC and
independent research firm Statista, identifies industry disruptors providing
faster, affordable and more accessible services for their clients.
From the news: Fiserv
was recognized in the Digital Payments Category for the depth and breadth of
capabilities it provides merchants and financial institutions, including
solutions that enable digital commerce, digital money transfers, and mobile
payments.
"Today,
there is a renewed appreciation for technology providers that couple innovation
with stability, profitability and scale," said Frank Bisignano, Chairman,
President and Chief Executive Officer of Fiserv. "We pride ourselves on
being one of the original fintechs. After almost four decades of growth and
change, our commitment to client success and focus on innovation is enabling us
to continue to move financial services forward on behalf of the industry’s new
and long-standing participants. This is another proof point of our global
reputation as a preferred partner in payments and fintech."
From the news: Through
its Clover® and Carat operating systems, Fiserv enables omnichannel commerce
solutions for businesses of all sizes. The company is the number one provider
of P2P payments for financial institutions in the U.S., enabling more than
1,200 financial institutions, and supports emerging mobile payment types via
multiple technology platforms globally.
On
August 11th, global financial technology leader FIS® (NYSE: FIS) announced it was
recognized in CNBC’s inaugural list of the top 200 global fintech companies.
From the news: CNBC
named FIS a top fintech company in the Digital Banking Solutions category based
on how it measured against a set of key performance indicators, including total
number of users, volumes and revenues.
"We
believe FIS has the most robust combination of banking products, including core
processing, digital solutions, payment and money movement, all built with the
goal of enabling our clients to deliver more seamless customer experiences and
grow their businesses," said John Durrant, Banking Solutions President at
FIS. "FIS clients and their customers around the world rely on these
solutions every day to move money and manage their financial lives. We are
proud to see our solutions stand out at a time when the demand for financial
innovation continues to grow and play such a key role in our world."
From the news: Recently,
FIS’ banking solutions were also recognized by Celent with three XCelent Awards
in the Advanced Technology, Customer Base and Breadth of Functionality
categories.
For
investors watching key trends, the banking industry is going through a digital
transformation and evolution and the drive for excellence is in full gear.
For investors researching fintech stocks,
visit our free stock directory at Investorideas.com
https://www.investorideas.com/TSS/Stock_List.asp#Fintech
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