These are The Top Companies to Keep an Eye On as We Near a Cashless Society

With the global pandemic, we’re beginning to see higher demand for a cashless society. In fact, back in March 2020, the World Health Organization (WHO) advised using contactless technology to help prevent the spread of the virus. In fact, the WHO noted, “When possible it would also be advisable to use contactless payments to reduce the risk of transmission,” as quoted by Cashless transactions could also begin to soar on prediction that global payments could drop as much as 8% to 10% of total revenue thanks to the pandemic, as highlighted by IT Pro Portal. As we see bigger demand for cashless transactions, some of the top companies to watch include NetCents Technology Inc. (CSE: NC)(OTCQB: NTTCF), Square Inc. (NYSE:SQ), Paypal Holdings Inc. (NASDAQ:PYPL), Mastercard Inc. (NYSE:MA), and Visa Inc. (NYSE:V).

NetCents Technology Inc. (CSE: NC)(OTCQB: NTTCF) BREAKING NEWS: NetCents Technology Inc., cryptocurrency payments technologies company, is pleased to announce that it continues to grow its international merchant base and has begun inroads to new merchant industries, notably Business to Business (B2B). The Company has experienced a rapid geographic diversification of its merchant base in 2020 when compared to 2019. In 2019, 27% of its merchants were located outside of the United States compared to 67% in 2020 with 81% of new merchants using the platform are international.

Along with the international expansion, as a result of COVID-19 and shifting merchant and consumer demand, the Company has greatly diversified its target merchant industries. Before March, the Company's merchant base was heavily concentrated in Luxury, Travel, Tourism, and Retail. Over the past five months, the Company has successfully focused its business development efforts on growing its market share in the B2B, Services, and Gaming industries.

As a benefit of these dynamics Net Cents has enjoyed a jump in the overall transaction value as the average value of a transaction for these B2B merchants is $25,000 vs. $111. The Company's average transaction size is now $300, a nearly 300% increase over the same period in 2019. 4.4% of the Company s transactions exceed $500 and nearly 1% exceed $5,000. The Company expects these numbers to continue to increase as, on average, there is a new B2B merchant added to the platform every other day.

To continue this growth and service these new merchants, the Company has made the following enhancements to its platform in 2020:

- Daily settlements for Enterprise and US-based merchants

- Integration into the ACH network to eliminate the cost associated with merchant settlements for both the Company and merchant

- 1.4 Billion USD credit facility to frontload merchant settlements while allowing the Company to use the merchant order flow as a supply for a short-term crypto portfolio to profit from arbitrage opportunities.

- Enterprise Invoicing Suite to equip merchants such as monthly subscription services, agencies, accounting and law firms, telephone bookings and the like with tools that enable them to track their payment cycle when invoicing clientele.

- Expanding European operations with the upcoming formation of a wholly-owned German subsidiary and banking relationships to support the Company’s growing European merchant base.

“There are some long term trends that were barely visible before the pandemic that have now accelerated because of this new way of doing business,” stated Clayton Moore Founder and CEO of NetCents Technology.

- Alternative Stores of Wealth - “Investors that are worried inflationary stimulus packages on government run currencies are buying assets that aren’t controlled by the government, and have a limited supply”

- Cashless / Touchless Transactions - “Stores refusing to handle cash is forcing consumers to adopt technologies that we provide.”

- Digital Reserve Currency - “United States opening the discussion about a digital reserve currency supported by the treasury - has amplified a global discussion about digital reserve currencies.”

“The NetCents technology stack has been developed to benefit from all of these trends, and we look forward to solving problems for the hundreds of new clients we are onboarding,” concluded Mr. Moore.

Other related developments from around the markets include:

Square Inc. (NYSE:SQ) will release financial results for the second quarter of 2020 on August 5, 2020, after market close. Square will also host a conference call and earnings webcast at 2:00 p.m. Pacific Time/5:00 p.m. Eastern Time on the same day to discuss these results. The live webcast of the call can be accessed from Square’s Investor Relations website.

Paypal Holdings Inc. (NASDAQ:PYPL) released new research looking at purchasing behaviors of credit card rewards holders during the COVID-19 pandemic, revealing people around the country are turning to rewards balances to help them stretch their budgets (29%) and purchase the things they need most, such as groceries. However, with 39% of credit card rewards holders unaware of their rewards balances, there's an opportunity for more people to uncover funds which could extend their budgets and help them buy the things they need most. "More and more people across the country are turning to their credit card rewards as a helpful and easy way to make their dollars go further, and in the current environment, two thirds of Americans (66%) now view these rewards balances as a way to buy the things they need such as groceries and other essentials," said Jill Cress, vice president of consumer marketing at PayPal. "With travel and luxury items still less of a priority for many right now, our research shows that people are instead tapping into their rewards balances to support small businesses in their community and to give back to causes."

Mastercard Inc. (NYSE:MA) announced the geographic expansion of, a new online search tool that confirms which shops and businesses are open to customers, bringing the search capability to the U.S. and Canada. The company also introduced Digital Acceleration for Small Business, a global initiative to deliver insights and resources for those small business owners looking to expand their business digitally and build an online presence. The initiative is being rolled out first in the U.S., Latin America and the Caribbean.

Visa Inc. (NYSE:V) will report its fiscal third quarter 2020 financial results on Tuesday, July 28, 2020. The results, along with accompanying financial information, will be released after market close and posted on the Visa Investor Relations website. Visa’s executive management team will then host a live audio webcast beginning at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss financial results and business highlights. All interested parties are invited to listen to the live webcast at A replay of the webcast will be available on Visa’s Investor Relations website for 90 days.

Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for NetCents Technology Inc by a third party. We own ZERO shares of NetCents Technology Inc. Please click here for full disclaimer.

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