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XTM Inc. Signs Deal with Payfare to Roll Out Its Today Financial™ Program with Earned Wage Access across The US

March 3, 2023

MIAMI & TORONTO – March 3, 2023 – XTM Inc. (“XTM” or the “Company”) (QB: XTMIF / CSE:PAID / FSE:7XT), a Miami and Toronto-based fintech creator of disruptive payment innovations and staff management solutions to inspire today’s workers in the hospitality, personal care and service space announced the signing of a deal with Payfare Inc. (“Payfare”) (TSX:PAY), a leading fintech powering instant payout and digital banking solutions for the gig workforce.

Through this partnership with Payfare, XTM will integrate to Payfare’s embedded finance and open API platform for card issuance, digital banking and instant payments. XTM’s proven Earned Wage Access (“EWA”) solution will take advantage of Payfare’s relationships and significant economies of scale to be able to quickly enter and expand its offering across the US market. The integration is in progress and XTM expects to start the full rollout in Q2 2023.

XTM will migrate its current clients from its previous issuing bank and all future banking and processing will be through Payfare.

“We are confident that the singular advantage we gain through Payfare’s exponential success and their solid banking and processing relationships is a game changer for XTM’s growth in the US market,” said Marilyn Schaffer , CEO of XTM. “Payfare’s economies of scale will bring our foundational work to its full potential, resulting in accelerating our rollout and quickening our path to profitability.”

About XTM

XTM,, is a Miami and Toronto-based fintech innovator founded in the cloud-banking space and further helping businesses inspire their workforce in the hospitality, personal care and services staffing industries. Established as a leader in on-demand pay with 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 Payfare (TSX:PAY)

Payfare is a global financial technology company powering digital banking and instant payment solutions for today's gig workforce. Payfare partners with leading platforms and marketplaces, such as Uber, Lyft and DoorDash, to provide financial health for their workforce.

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Marilyn Schaffer


T: 416.260.1641

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. Forward-looking information is not a guarantee of future performance or results, since it involves risks and uncertainties. There is no assurance that forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in forward-looking statements. Some of the factors on which the forward-looking statements are premised include (but are not limited to) the satisfaction or waiver of the conditions to the completion of the private placement, the receipt of the approval of the Canadian Securities Exchange, and the lack of material changes to general economic, market and business conditions. 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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