AppTech Payments announces commercial launch of BaaS platform

AppTech Payments announces the successful completion of the pilot program for its Banking-as-a-Service, BaaS, platform. The Company will use this BaaS solution to commercially launch InstaCash, which utilizes the BaaS for virtual accounts, debit and credit cards, and high interest-yielding financial products. AppTech CEO Luke D’Angelo stated, “The success of our BaaS pilot program signifies a significant milestone as we continue our mission to democratize banking by providing small and medium-sized enterprises access to products traditionally reserved for Fortune 1000 companies. The availability of treasury products, including T-bills and other high yielding financial products are differentiators that we believe will help drive user growth as over 200 new Independent Sales Organizations are expected to utilize our BaaS platform in the near-term. We look forward to continuing to scale the use of our frictionless commerce products as we remain committed to building long-term shareholder value.”