- FEXD understands the changing dynamics and the growing preference for digital payments
- Through its aggressive yet strategic acquisition approach, FEXD is offering solutions that make it easy to move money across borders
- By prioritizing developing nations and creating systems and infrastructure unique to the needs of customers in these countries, FEXD is addressing the issue of gross unmet mobile needs
- This reflects the company’s commitment to its mission and to creating shareholder value
Fintech Ecosystem Development (NASDAQ: FEXD), a special purpose acquisition company (“SPAC”), is focused on the changing consumer landscape and how digital payments are shaping the way people transact. In response, the company is pushing for the creation and proliferation of much-needed scalable access to systems and infrastructure that facilitate cashless payments, ultimately playing an integral role in advancing a cashless society, both in the U.S. and around the world.
According to Pew Research, it was estimated that, in 2022, two-fifths of Americans used no cash. Additional studies showed that 11% of U.S. adults have stopped using cash, up from 5% five years ago, with the average number of cash payments falling from 26% in 2019 to 20% in…
NOTE TO INVESTORS: The latest news and updates relating to FEXD are available in the company’s newsroom at https://ibn.fm/FEXD
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