October 27, 2025 – TheNewswire - Vancouver, BC – Fintechwerx International Software Services Inc. (CSE: WERX) (“FintechWerx” or the "Company") would like to clarify its news release dated October 23,2025 and provide details of the License with Secure Digital Payments (“SDP”).

 

Details of the License

 

The License is granted for an initial one-year term expiring on October 1, 2026 (the “Term”). The Term will automatically renew for an additional one year period thereafter, unless either party provides a notice of non-renewal at least 30 days’ prior to the end of the Term. In consideration for the License, SDP will pay to the Company: (i) a one-time set up fee of $1,500.00, (ii) a Tier 3 API utilization plan fee of $2,600.00 plus GST and (iii) a monthly fee of $2,500 plus GST starting October 1, 2025.

 

The License provides SDP the right the right to market, distribute and sublicense the PaymentWerx technology within Canada and the United States. The Company will provide maintenance support services pertaining to the technology underlying PaymentWerx to SDP for the duration of the Term.

 

About FintechWerx

 

FintechWerx is a financial technology company providing onboarding, payments, identity verification, fraud mitigation, and data services to merchants, independent sales organizations, and payment service providers, offering an alternative to the need for a patchwork of providers. Additional information is available at www.sedarplus.ca or on the Company’s website at www.FintechWerx.com.

 

For more information, please contact:

Francisco Carasquero, FintechWerx Co-Founder and CFO
FintechWerx International Softare Solutions Inc.
Phone: 778-652-3669
Email: info@FintechWerx.com
Website: www.FintechWerx.com
Twitter: www.twittter.com/fintechwerx

Forward-Looking Information

This press release contains forward-looking statements within the meaning of applicable Canadian securities legislation, which statements involve risks and uncertainties. Forward-looking statements generally relate to future events or FintechWerx’s future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as “may,” “can,” “will,” “would,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “forecasts,” “potential” or “continue” or the negative of these words or other similar terms or expressions that concern FintechWerx’s expectations, strategy, plans or intentions. Forward-looking statements contained in this press release include, but are not limited to, statements about: FintechWerx’s anticipated strategies and business plans and the benefits to be derived from the License by SDP and the Company. You should not rely upon forward-looking statements as predictions of future events. Although FintechWerx believes that such statements are reasonable and reflect expectations of future developments and other factors which management believes to be reasonable and relevant, FintechWerx can give no assurance that such expectations will prove to be correct. In making the forward-looking statements in this news release, FintechWerx has applied several material assumptions, including without limitation, that market fundamentals will support the viability of PaymentWerx and the engagement between SDP and the Company, that the Company’s business objectives and products will align with those of SDP, the availability of the financing and expertise required for FintechWerx to carry out its planned future activities and product developments, the availability of and the ability to retain and attract qualified personnel, and the ability to maintain and strengthen its strategic partnerships in the industry.

The outcome of the events described in these forward-looking statements is subject to known and unknown risks, uncertainties, and other factors that may cause FintechWerx’s actual results, performance, or achievements to differ materially from those described in the forward-looking statements, including, among other things: the impact of macroeconomic uncertainties and market volatility; FintechWerx’s financial performance, including expectations regarding its results of operations and the assumptions underlying such expectations, and ability to achieve and sustain profitability; FintechWerx’s ability to attract and retain customers; FintechWerx’s ability to compete effectively in an intensely competitive market; FintechWerx’s ability to comply with modified or new industry standards, laws and regulations applying to its business, and increased costs associated with regulatory compliance.

Forward-looking statements represent FintechWerx’s management’s beliefs and assumptions only as of the date such statements are made. FintechWerx undertakes no obligation to update any forward-looking statements made in this press release to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law.

The Canadian Securities Exchange nor the Canadian Investment Regulatory Organization has neither approved or disapproved of the contents of this press release.