09:50 AM EDT, 04/29/2025 (MT Newswires) -- XTM (PAID.CN) on Tuesday said it sold its QRails processing technology to a subsidiary of Digital Commerce Group for US$3 million.

The fintech company expects the transaction to reduce its monthly operating costs by around 50%, positioning it to reach cash neutrality by the third quarter. XTM expects the transaction to close within the next ten business days, pending customary bank and network approvals.

A statement further noted that the company would retain full ownership and management of its proprietary Earned Wage Access platform, including key contracts, integrations with payroll, time & attendance, and other critical systems. The company added that after the close of the transaction, XTM will fully repay the Earned Wage Access funding provided by Two Shores, and settle all interest obligations associated with long-term debt.

Additionally, the company also reported the dissolution of its previously announced referral agreement with KOHO, saying that it would revert approximately 10,000 AnyDay members who transitioned to KOHO earlier this year back to the AnyDay platform, with full migration expected by June 30.