ORLANDO, Fla., Jan. 12, 2021 (GLOBE NEWSWIRE) — Twenty-twenty was an epic year for Fintech, with adoption and expansion of Fintech services at unprecedented rates. For many companies in the space, this penetration was reflected in their market caps.
For the uninitiated, Financial technology is the technology and innovation that aims to compete with traditional financial methods in the delivery of financial services. It is an emerging industry that uses technology to improve activities in finance.
Today’s featured company is well-positioned in the juggernaut Fintech space. AppTech Corp. (OTC PINK Open Market: APCX) is a financial technology company utilizing innovative payment processing technologies to complement its core merchant services capabilities. Its patented and proprietary software for merchant services, text marketing and lead generation will be licensable or available through a suite of synergistic offerings.
What’s truly unique about AppTech is that among its current projects under development is an enterprise-grade text payment system using the simplicity and familiarity of text messaging with tokenized, multi channel, and API-driven transactions to ensure security.
Like most of you we are regular users of internet and app-based money transfer services for our businesses or to friends and family. Whether it’s paying an employee for their effort or sending the Fantasy Football champ his winnings, Fintech is a staple of modern transactions.
The thought of text based money transfer service entering this Fintech ecosphere is compelling. Text has already cut enormously into voice calls due to its simplicity and efficiency.
Could it provide similar transactional elegance to moving funds? Could the future be FinTEXT?
Time will tell if AppTech will take its place among the Fintech success stories though it already has left other upstarts behind by closing an interesting partnership with NEC Payments to provide digital banking and payment technology solutions to facilitate open-integration between financial institutions and the Fintech ecosystem, and to drive the take-up of innovative digital financial services products.
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