SmartCard Marketing Systems Inc. (OTCMKTS:SMKG) Stock Gains Momentum: Jumps 10%

SmartCard Marketing Systems Inc. (OTCMKTS:SMKG) is up 10% in a week. The marketplace tech company that created accelerated solutions for adopting crypto, blockchains, Payment as a service offering, and NFTs has announced that it is expanding Axepay solutions to Africa with MSB partners expected to expand to 35 countries.

Market Stats

On Friday, SMKG stock moved up 0.83% to $0.0604 with more than 2K shares, compared to its average volume of 55K shares. The stock moved within a range of $0.0521 – 0.0604 after opening trading at $0.0604.

Key Trigger

The expanded domestic and cross-border reach establishes a one-of-a-kind Payment Rails network that allows the company to extend the reach of its platforms while also providing Treasury services to a variety of businesses.

Interestingly the company’s value model offers clients the permission to license tech, as well as flexible adaptability and customized environments that enable them to leverage on market prospects, with the client’s rights to procure the platforms categorically, but not mainly – restricted to their corporate strategy and not for reselling. SMKGcustomers also gain access to continuous best practices, compliance, upgrades, product development, and support. The strategy varies by market, and it is two-fold: direct-to-market in nations such as the Philippines and a distributor/partner model in the United States. So, SMKG is worth watching in the coming days.

Key Quote

The CEO of SMKG:OTCQB, Massimo Barone, stated, “We have entered the 1st Quarter of 2022 with a unique and ambitious portfolio, which is proprietary to the company. Our transactional highlights include recently acquired Chat Bot AI tech, 50% ownership in Blockchain Tech (OriginatorX) under our full development management – which has been expanded for the build-out of an NFT Minting Platform with Marketplace and Auction system that is multi-industry interoperable. Furthermore, we are working with more than 30 global partners in key areas that include Cross-border Payments, Crypto Currency Issuing, Biometrics, Payments and Industry use cases that are assisting in commercializing their projects with the SMKG portfolio of applications under licensing agreements.

Traders Corner

SMKG stock is trading below the 20-Day and 50-Day Moving averages of $0.0689 and $0.0755 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0651.