SMART CARD MARKETING SYSTEMS INC. SMARTCARD MARKETING SYSTEMS, INC., AND SUBSIDIARY 20c Trolley Square Wilmington, Delaware,
19806
Transfer Agent: | Manhattan Transfer Agent, Registered under the |
Exchange Act 38 Sheep Pasture Road Port Jefferson, New | |
York 11777 | |
Trading Symbol: | SMKG |
CIK: | 0000900475 |
SIC Code: | 8900 |
As of June 30, 2022, the number of shares outstanding of our Common Stock booked was: 491,892,061
As of December 31st, 2020, the number of shares outstanding of our Common Stock booked was: 468,536,506
As of December 31st, 2021, the number of shares outstanding of our Common Stock booked was: 472,369,839
As of December 31st, 2019, the number of shares outstanding of our Common Stock booked was: 442,792,840
Unaudited 2nd Quarterly Report to June 30, 2022
Financial Statement
www.smartcardmarketingsystems.com
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Unaudited Q2, June 30, 2022
Consolidated Interim Financial Statements & "MD&A" for the 6 Months Ending June 30, 2022
August 14 ,2022
To Whom It May Concern:
We the undersigned do certify that we have reviewed the attached Unaudited Consolidated Interim Financial Statements & "MD&A" for the Six Months Ending June 30, 2022.
We certify that the information is complete and presented fairly in all material respects to the best of our knowledge.
Sincerely,
Massimo Barone
CEO of Smartcard Marketing Systems Inc. (SMKG:OTC)
1 844 THE PAYMENT www.smartcardmarketingsystems.com
MARKET & BUSINESS DISRUPTER
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SmartCard Marketing Systems Inc (OTC:SMKG) FinTech and PayTech industry leader in specialized e- commerce, cloud and mobility applications to the global banking, telecom and retail markets. SMKG is an entrepreneurial boutique technology company, providing business intelligence and digital transformation strategies with a proprietary portfolio of applications and wireframes for banking, enterprises, retail e-wallets, digital id, blockchain, crypto issuing, nft, e-KYC, digital workforce, events & media management, edtech, tele- med and transit-booking industries. For more info visit www.smartcardmarketingsystems.com or
visit our business applications marketplace at www.Emphasispay.com.
CORPORATE OFFICES AND LOCATIONS:
Since the beginning of the COVID-19 Pandemic the company terminated its open monthly membership with the Regus Offices in Canada, USA and India. The company's team works remotely from their home locations. Our main focus of operations is through our hosted solutions with AWS and Azure which supports our cloud technology platforms in production environments for client trainings, demo's and proof of concept purposes.
GLOBAL EVENTS - COVID -19 PANDEMIC & UKRAINE/ RUSSIA WAR
The digital transformation and virtualization of businesses globally has been accelerated by Governments drastically faced with many unknown challenges from the start of 2020. There has never been a time where every Country in the world has cut through all regulatory tape to allow the opportunities for business continuity through digital acceptance of e-processes, digitized utilities, blockchain protocols and contactless transacting because of social distancing, recurring lockdowns and the unknown.
SmartCard Marketing Systems Inc (OTC:SMKG) now on an accelerated track of deployments and opportunities, which prior COVID19 was only a matter of time before these same barriers would be regulated and broaden the company's already global opportunity for growth.
The challenges created by the Pandemic and War has caused critical supply chain issues globally, a strain on employee's and their families health. In addition, this stress can be felt across our partners, vendors and stakeholders and managing any outcome that comes before us. In consequence, we work with the issues at hand and the day-to-day, and attempt to work with all matters concerned and achieve our objectives.
The company continuously is working with regulatory agencies and financial service providers in multiple Countries to be compliant as a local provider to that regions network. This strategy allows for easier technology adoption by channel partners and clients to activate their customers.
OVERVIEW
SmartCard Marketing Systems Inc OTC:SMKG a fintech & paytech company specializes in digital transformation applications with business intelligence processes for industry specific clients. The company develops its own proprietary suite of e-commerce, cloud and mobility applications with embedded payments and blockchain protocols for "Branding As Your Own" customer deployment's. The company's proprietary portfolio is marketed through its own marketplace Emphasispay.com and with enterprise partners.
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HISTORICAL:
Since the beginning of 2015 the company focused on 2 distinct channels of business development;
- The Development and commercialization of its leading platforms for the Paytech and Fintech global markets; leading the offering the Genorocity.com & Mtickets.events platforms
- Strategic partnerships to develop an alternative payments solution for Banks & Telecom Acquirers/Issuers of Cards (Credit, Debit or Loyalty) as an acceptance point for emulating payment and reward transactions, processing & settlement.
The first partnership entered into with Contact Innovation in North America in late 2014 and early 2015 resulted in the technology development for the Check21 Act servicing the need for Remote Deposit Capture (RDC) which was commercially deployed trial stages in late May of 2015 with the first joint client ICICI Bank of India (its Canadian subsidiary across 14 branches and select corporate clients). The platform solution as a cloud based host was branded www.check21saas.comand now the success of our deployment is allowing us to market to customers internationally. Concurrently to the development of Check21Saas.com the company designed and developed Genorocity.com and shortly after Mtickets.events.
Throughout 2016 and 2017 the company ambitiously sought to expand the technology portfolio to meet the new changes in global markets for business process applications and meet the foreseeable demand coming in the financial, workforce and retail markets for intelligent business applications ready to deploy.
In 2018 - 2019 management continued to develop its payment infrastructure and worked with clients to commercialize its solutions strengthening its position in the financial services segment. We are transforming the company from a direct merchant services provider to enabling a channel of portfolio merchants for Banks & Telecoms. This transition has allowed SmartCard to position itself as a technology host & support Processors and Industry Consultants building relationships with Banks, Credit Unions and partnering with payment providers globally.
For 2020, the company released 3 SAAS platforms to meet the needs of concerns raised by the COVID-19 Pandemic which created further opportunities in EdTech, Telemedicine & Pre-screening security technologies. Our response to this was the release of Eschool.systems, Phaces.io and Doctor-Vid platforms which are having great success with opportunities in cloud products distribution in India and the SARC regions.
In 2021, the main focus of the company was to develop and implement blockchain protocols and utilities with the existing framework of embedded payments. Furthermore, the company worked with Government agencies in India, Philippines and China to meet local operating requirements for faster deployments and technology adoption by customers.
FINANCIAL HIGHLIGHTS FOR 2019 AND 2020
- New client and partner OriginatorX in Asia. $500k USD equity for 50% of equity at current market evaluation and capitalization of $1m USD.
- New client and partner Xpay World in Asia. $1.2m USD equity for 7% of equity at current market evaluation and capitalization of $35m USD.
- The company is invested in a tech firm start-up in India with a 60% equity share
- Conversions and booking of debt significantly reducing medium and long-term debt.
- Expansion into to financial marketplace in India with Articul8te and Granularchain.com for EKYC by Video and Permission based digital-id key management. The company is working with 3 of top 10 financial insurance underwriters in the country on both platforms as a solution for Digital ID & Processing.
- New digital integration partnerships with Visa Everywhere and Discover Card US Partnerships with two AI firms, Onplan of the USA in the Restaurant sector and Enablefunding of Australia in the Fintech Startup sector.
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Below is a breakdown of the past three years of operations and how our services have been segmented.
2019 | 2019 | 2019 | 2019 | |||
Processing | Consulting / | Licensing | Other | Total | ||
Development | ||||||
Contact Innovation | 31,894 | 38,478 | 17.8 | |||
(CICI Bank) | ||||||
Xpay World | 240,000 | 120,000 | 55.4 | |||
(1.2M / 5yr / 20K/month) | ||||||
Other | 30,558 | 57,965 | 26.8 | |||
(Various) | ||||||
216,443 | 100.0 | |||||
2020 | 2020 | 2020 | 2020 | |||||||||
Processing | Consulting / | Licensing | Other | Total | ||||||||
Development | ||||||||||||
Contact Innovation | ||||||||||||
(CICI Bank) | 6,959 | 6,959 | 1.8 | |||||||||
Xpay World | ||||||||||||
(1.2M / 5yr / 20K/month) | 240,000 | 240,000 | 61.3 | |||||||||
OriginatorX | 75,000 | 75,000 | 19.1 | |||||||||
Other | 64,722 | 5,000 | 69,722 | 17.8 | ||||||||
(Various) | ||||||||||||
391,681 | 100 |
2021 | 2021 | 2021 | 2021 | |||||||||
Processing | Consulting / | Licensing | Other | Total | ||||||||
Development | ||||||||||||
Contact Innovation | ||||||||||||
(CICI Bank) | 23,683 | 23,683 | 5.8 | |||||||||
Xpay World | ||||||||||||
(1.2M / 5yr / 20K/month) | 240,000 | 240,000 | 59.2 | |||||||||
Other | 126,729 | 15,000 | 141,729 | 35.0 | ||||||||
(Various) | ||||||||||||
405,412 | 100 |
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Smart Card Marketing Systems Inc. published this content on 15 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 August 2022 02:12:06 UTC.
