XTM partners with QRails

Thursday 28 September 2023 08:33 CET | News

XTM has integrated its Today solution within QRails’ AnyDay EWA service for US clients, to deliver instant payment of gratuities and additional earnings opportunities.

XTM’s Today tipping product was officially integrated and emerged into the AnyDay Earned Wage Access (EWA) platform of QRails. The aim of the strategic deal is set on the launch of an additional feature roll-out opportunity for large partners and collaborators, such as Verita Prime, Discover, and SAP.

Throughout this partnership, employees and individuals from the US will no longer need to wait for a pay cycle to receive their gratuities. The product integration will give them the opportunity to leverage new benefits in order to improve their recruitment and retention processes.


XTM has integrated its Today tipping solution within QRails’ AnyDay EWA service for US clients, which results in instant payment of gratuities and additional earnings.


More information on the partnerships

In addition, the deal will also create new opportunities for the current US pipeline of Human Capital Management and Payout partners of XTM. The integrated service is currently used by a variety of XTM users across the region of the US. 

The AyDayTM mobile wallet and debit card were designed to provide clients with a robust retention tool and to include a customer portal with added features. These aimed to offer financial and accounting teams an improved way of reporting and reconciliation. The overall secure and efficient processing and issuing tech stack is aimed at delivering businesses and employers a secure, effective, and fast manner to distribute instant earnings.  

Following this announcement, the companies will focus on the process of scaling the integrated service and further provide real-time payment methods for a variety of workers and employee’s earnings. According to the press release , this procedure will take place by closing deals with larger hospitality groups in the US. 

XTM’s recent strategy of development

Miami and Toronto-based fintech company that delivers disruptive payment innovations, XTM announced multiple partnerships and launches in the last couple of months, covering several geographic areas around the world. 

In August 2023, the company completed the acquisition of QRails, including all the issued shares of the latter from its existing shareholders. The aggregated purchase price was announced the be at approximately USD 3 million, which was set to be paid through the issuance of the common shares of XTM. The company also had a recruitment and retention-based employee equity aim for QRails. 

Earlier in June 2023, XTM announced its plan to roll out the QRails AnyDay platform across Canada. The combined firms were set to leverage their direct payroll integrations in order to allow customers with employees in the US and Canada to offer a unified EWA product. 

Through the usage of XTM’s existing banking collaborators in Canada and the migration of QRails’ issuing and direct Mastercard processing platform, the firm was set to provide its secure and fully compliant EWA North American solution for large organisations and enterprises. 

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Keywords: partnership, mobile payments, digital payments, online payments, payments , ecommerce, product launch
Categories: Payments & Commerce
Companies: QRails, XTM
Countries: United States
This article is part of category

Payments & Commerce




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