InComm Payments and SKUx have announced the formation of a strategic alliance. That seeks to revolutionize digital payment services for the humanitarian sector. This strategic alliance combines the retail footprint of InComm Payments across the world. With the new and innovative blockchain technology invented by SKUx. This has enabled the distribution of financial aid with the highest degree of accuracy and transparency ever achieved. This new technology has enabled the itemization of spending via digital mobile wallets. In addition, the platform ensures that the aid reaches the intended purpose only. By using blockchain technology, the transactions are stored on a permanent record, which helps curb instances of fraud. Misuse of funds while providing emergency relief.
“InComm Payments is excited to partner with SKUx to provide the ecosystem with the trusted financial tools and support they need to provide access to financial aid and recovery,” said Dave Etling, SVP and GM, InComm Payments. “InComm Payments’ commitment to continuous innovation to support our clients with cutting-edge technology solutions is perfectly aligned with SKUx’s platform approach. We look forward to success together.”
Expanding Impact Across Retail Promotions and Financial Inclusion
Furthermore, this initiative serves the consumer packaged goods promotion/retail promotion industry. Brands are able to replace outdated coupon systems with trackable digital payment systems. This move gives companies a 360-degree view of how they use their promotional budgets. In this way, merchants are able to benefit from the immediacy of settlement and efficiency.
“SKUx is honored to partner with a market leader like InComm Payments to accelerate our mission of item-level, blockchain payments,” said Bobby Tinsley, CEO and Co-founder at SKUx. “As we look towards the future of payments and value distribution, we are strategically positioned with InComm Payments to create meaningful impact for the disaster industry and merchants as well as unforgettable payment experiences for our partners.”
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News Source: PRNewswire.com
