Canadian Fintech XTM Partners with DCBank to Ship Cashless Response Kiosks for Stadiums and Malls | Zoom Fintech
XTM, a Canada-based fintech that offers mobile banking and payment card options, on Tuesday launched a partnership with DCBank to provide an immediately activated and loaded Mastercard as you go through a kiosk that accepts cash. XTM said the kiosks will be placed in retail locations or in business premises resembling stadiums or shopping malls.
“With COVID-19 issues around cash, workers and employers alike need to remove the need to settle or distribute money, but don’t need to alienate prospects or shy away from it. ‘business. The kiosk will allow customers to securely insert as much as $ 1,000 in cash through a bill acceptor, and in turn an activated and charged Mastercard is assigned. Your entire transaction is fully automated and takes a common 30 seconds to complete.
XTM also revealed that it is in talks with a number of events, including giant stadiums, restaurants, giant shopping facilities and big box retailers. Businesses may cost a small amount for the Mastercard in particular, however, some choose to subsidize the transaction and ship the service completely free of charge, as the financial savings and security features of disposing of cash outweigh the cost. nominal price of the carton. Marilyn Schaffer, CEO of XTM, added:
“As there will continue to be money in circulation for the immediate future, this is the perfect time for us to step in and provide a safe and efficient solution to ensure that all of our customers’ needs are met.”
Founded in 2006, XTM has acquired, developed and integrated options companies of every measure, which include challenger banks, credit unions, customers and governments. The company’s goal is to disrupt conventional banking with its white label cellular pockets, striped Visa and Mastercard options and platform.