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XTM Positions for US EWA Growth

August 15, 2023

August 15, 2023, MIAMI, TORONTO -- XTM Inc. (“XTM” or the “Company”) (QB: XTMIF / CSE: PAID / FSE: 7XT), a Miami and Toronto-based Fintech creator of disruptive payment innovations including fully certified Earned Wage Access (EWA) through its QRails AnyDay™ product provides an update on its EWA growth in the US as it sees a steady 3X increase over the past 90 days in EWA user adoption.

Since the signing of definitive terms on the XTM/QRails transaction XTM QRails Definitive Agreement, the company has been working on and is in the final stages of closing a lending facility to enable it to fully open its pipeline of signed EWA business.

Through the QRails business-to-business model, large organizations power their Digital Wallets and EWA solutions through a white-label of the QRails fully certified EWA product. As financial pressure increases, accessing earnings, on-demand is quickly becoming table stakes for employers seeking to competitively recruit, retain and enable financial wellness for their employees.

  • Financial challenges are not just impacting lower-income earners. The February 2022 New Reality Check: The Paycheck-to-Paycheck Report found 42% of consumers earning more than $100,000 annually lived paycheck to paycheck in December 2021, an increase from 39% in May 2021. They are not only challenged to pay monthly bills but would have trouble covering an emergency expense of $400.

  • PwC's “Employee Financial Wellness Survey” found 63% of employees saying their financial stress has increased since the beginning of the pandemic. Among those with money-related anxiety, nearly half (49%) said their mental health has been adversely affected, including 41% citing on-the-job productivity challenges, along with declining engagement and attendance. Further, 42% of this group is twice as likely to be looking for a new job.

About XTM

XTM,, is a Miami and Toronto-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 Inc. ("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.

For further information please visit: or contact:

Marilyn Schaffer


T: 416.260.1641

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