back Back

XTM to roll out QRails AnyDay earned wage access solution across Canada

By Delisha Fernandes

June 20, 2023

  • API
  • Canada
  • Cloud - Based
Share

XTMXTM Inc., a Miami and Toronto-based FinTech creator of payment innovations and mobile solutions specifically geared towards service industries, including hospitality, personal care and other service providers, announced it will roll out the QRails AnyDay solution across Canada.

Further to the announcement on June 15, 2023, “XTM signs definitive  agreement to acquire issuer, processor, certified EWA provider- QRAILS,” the combined entities will leverage their direct payroll integrations to enable clients with employees in Canada and the US to deliver a unified EWA solution. By leveraging XTM’s existing banking partners in Canada and migrating to QRails’ issuing and direct Mastercard processing platform, the Company is about to turn up large organisations awaiting a fully compliant, single-source, EWA North American solution.

“It is gratifying to see our roadmap coming to realisation,” said Marilyn Schaffer, CEO of XTM. “As in any business, you are required to pivot at times. However, the goal remains to inspire today’s workers on their terms. Early Pay is a significant incentive to motivate, encourage and support employees.”

“With XTM, QRails is about to see a return for its investment in engineering one of the most robust and scalable issuer processors in the world,” said Cary Strange, President QRails. “Rolling out with XTM’s solid traction in Canada’s service industry creates credibility for QRails, transitioning it from world-class software to a viable business.”

QRails is a cloud-based, API-driven issuer processor enabling payroll providers, financial institutions and other global FinTech companies to keep up with the on-demand economy by delivering innovative digital payment solutions to their employees

Previous Article

June 20, 2023

IrisGuard and Arifpay partner to boost financial inclusion for Ethiopians

Read More
Next Article

June 20, 2023

TransBnk secures $1m Seed Funding led by 8i Ventures

Read More






IBSi Daily News Analysis

June 21, 2024

API

Industry experts react after India FIU fines Binance $2.2m, signaling tougher digital asset regulations

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

MECCA & Adyen to offer a seamless payments experience in Australia

Read More

Today

Vipps, MobilePay launch cross-border P2P payments in the Nordics

Read More

Today

FinTech Focus: Catch latest developments of the week

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023