The Quest for the Best in #DigitalBanking
and #Payments (NASDAQ: $APCX) (NYSE: $NU) (NYSE:
$FI) (NYSE: $FIS) @AppTechCorp
@nubank @Fiserv @FISGlobal
Vancouver Kelowna, Delta, BC – August 24, 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/08241Digital-Banking-Payments.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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