Smart Card Marketing Systems Inc. announced that production installations of its Paytech Enterprise applications on Cloud infrastructure have been established for several Countries. This applies to the company's IP portfolio including Marketplace technologies with embedded Blockchain, NFT, Crypto Issuing and Cross-border Payment Rails. The company has ongoing commitments with several Partners to expand its portfolio installation in Africa and estimated production is targeted for May 2022.

This includes one MSB network of 16 of 54 African Countries and the 2nd MSB network with over 12 bringing payment coverage to over 28 of 54 Countries. Furthermore, management is pleased to mention that SMKG:OTCQB has been shortlisted in 4 Countries in top 5 of Fintech offering categories, which will be announced by the FI's and Member committees on the respective announcement dates and be published on the company's website as well.