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