Marking XTM’s Largest Commercial EWA Program To Date

XTM, Inc. (“XTM” or the “Company”) (QB: XTMIF / CSE:PAID / FSE:7XT), a Miami and Toronto, Denver and London-based Fintech creator of certified Earned Wage Access (EWA) through its QRails AnyDay™ product and fully integrated processor, is pleased to announce it has commercially launched AnyDay™, its SAP-certified and fully-compliant Earned Wage Access solution, for a Fortune 15 Employer.

“Our recently announced financing empowers us to launch the first of many significant AnyDay EWA deals,” said Marilyn Schaffer, XTM, CEO. “We are focused on execution, positioning us to support the massive demand for EWA, globally.”

Through the QRails acquisition, XTM became the first vertically integrated, fully SAP-certified provider of on-demand pay, a game-changer for employers who want to offer impactful, retention-focused benefits to their employees at scale.

A recently published white paper, The Era of On-Demand Pay, XTM cites that nearly 80% of workers in North America are living paycheck to paycheck, making it “the main financial lifestyle.” AnyDay’s Earned Wage Access solution solves for both challenges and is fully optional and free to employees, and free to businesses that make their payroll accessible mid-pay-cycle. By giving employees flexibility and control over when and how they get paid, employers can offer an automated and impactful financial wellness benefit that does not affect their bottom line. This is not a new concept, but a growing payroll movement. Millions of workers across North America have access to their earned wages, on-demand, any day during their pay cycle.

AnyDay’s Earned Wage Access is designed to easily implement and execute at scale. Through leading Payroll and Time & Attendance integrations and leading HR technology partners, XTM will continue to onboard employees within North America aiming for hundreds of thousands of active employees in 2024.

For more information and to access The Era of On-Demand Pay white paper, visit paidanyday.com

About XTM

XTM with offices in Miami, Toronto, Denver and London is a Fintech creator of payment innovations including fully certified Earned Wage Access through its 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. 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.

For further information please visit xtminc.com or contact:

Marilyn Schaffer, CEO finance@xtminc.com 416-260-1641

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