XTM Inc. AnyDay™ Awarded EWA Certification by Missouri State Regulators

XTM’s AnyDay meets regulators’ standards as one of the only SAP certified Earned Wage Access (EWA) solutions in North America and the U.K.

XTM Inc. (“XTM” or the “Company”) (QB: XTMIF / CSE:PAID / FSE:7XT), a Miami, Toronto and London based Fintech creator of payment innovation including fully certified Earned Wage Access (EWA) through its QRails AnyDay™ product announces that it has secured its Earned Wage Access compliance certification in the state of Missouri. Missouri is the second state to enact the Earned Wage Access Law.

Amid new regulations imposed in California and Nevada, there has been increased scrutiny for Earned Wage Access providers among state regulators. XTM is dedicated to maintaining a compliant business model globally, having recently founded the Earned Wage Access Code of Ethics with other leading EWA providers in the U.K., in partnership with the Chartered Institute of Payroll Professionals.

XTM further demonstrates its commitment to ethical EWA with the appointment of Tara Decker as Chief Compliance Officer. Tara is based in Colorado and joins XTM from Rain Instant Pay­­ bringing a passion for fostering innovation and positivity to risk and compliance.

“We are committed to executing the business of EWA with a refreshing model that truly promotes financial well-being for the businesses we serve and their employees,” said Cary Strange, President, XTM. “We continue to experience increasing demand for our compliant solution from businesses within the Human Capital Management space, seeking to drive better outcomes for their people and their business.”

About XTM

XTM is a Miami, Toronto and London-based Fintech creator of disruptive payment innovations including fully certified Earned Wage Access through its QRails AnyDay™ product.

Founded in the cloud-banking space to further support businesses to inspire their workforce in the hospitality, personal care and services staffing industries, XTM provides on-demand pay for many large brands including Earls, Maple Leaf Sports & Entertainment, Cactus Club, Marriott Hotels and Live Nation. XTM continues to innovate with further digital featurization to support businesses to inspire workers to want to work more with shift scheduling and call-outs, staff management, expense management, in-app health and financial wellness; and gamified loyalty programs. XTM's Today Financial™ is in use through POS and Payroll integrations and directly through web-portals by thousands of businesses and their workers across Canada and the United States.

About QRails / AnyDay

QRails is a fully owned subsidiary of XTM. A cloud-based, API-driven issuer-processor QRails enables payroll providers, financial institutions and other global fintech companies to keep up with the on-demand economy by delivering innovative digital payment solutions to their employees. QRails helps companies modernize and leverage payroll as a differentiator in attracting and retaining talent all at low to no cost for the employee and employer. QRails’ flagship solution, AnyDay™, is the first provider to own their full tech stack that powers their Earned Wage Access solution.

Founded in 2016, QRails, Inc., together with its U.K. subsidiary, QRails Limited is SAP-certified, QRails also has earned several industry certifications under PCI DSS, and SOC. For more information, please visit www.QRails.com.

This news release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws (the “forward-looking statements”), within the meaning of applicable Canadian securities legislation, including expected performance of XTM, the expectation that businesses with which XTM does business or have committed to do business will in the expected timeline, the continuing trend toward electronic payment methods, the success of XTM’s intended geographic and business expansions, the success of XTM’s new market relationships, and the general conditions and revenues of XTM. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as "expect", "plan", "anticipate", "project", "target", "potential", "schedule", "forecast", "budget", "estimate", "intend" or "believe" and similar expressions or their negative connotations, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. These forward-looking statements are made as of the date of this news release. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the future circumstances, outcomes or results anticipated in or implied by such forward-looking statements will occur or that plans, intentions or expectations upon which the forward-looking statements are based will occur.

The CSE has not approved nor disapproved the contents of this press release, and the CSE does not accept responsibility for the adequacy or accuracy of this release.

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