AppTech Payments Announces Commercial Launch of its Banking-as-a-Service (BaaS) Platform Following Successful Pilot Program

Core Insights - AppTech Payments Corp. has successfully completed the pilot program for its Banking-as-a-Service (BaaS) platform, which will be used to launch InstaCash, a service offering virtual accounts, debit and credit cards, and high-yield financial products [1][2] Company Overview - AppTech Payments Corp. is a Fintech company focused on providing digital financial services to financial institutions, corporations, small and medium-sized enterprises, and consumers through a scalable cloud-based platform [5] Product Launch and Features - InstaCash aims to provide a seamless, real-time account-to-account transaction system, positioning itself as a competitor to Venmo and Western Union, while ensuring customer relationships remain with the financial institutions [3][4] - The BaaS pilot program included features such as virtual accounts, commercial purchase debit cards, and enhanced traditional services like SMS invoicing for B2B transactions [2] Market Positioning - InstaCash is designed to empower financial institutions of all sizes, enabling them to offer instant transactions and advanced payment features, thus democratizing access to cutting-edge Fintech solutions [4] - The service is expected to attract over 200 new Independent Sales Organizations to utilize the BaaS platform in the near term, driving user growth [2] Social Impact Initiative - AppTech plans to enhance financial literacy among underbanked demographics by integrating online financial literacy courses into the InstaCash platform, with plans to expand this initiative across the United States and into South America and Canada [4]