- Everyday People Financial Corp. (EPF) and XTM Inc. (XTM) entered into a Management Services and Program Management Agreement (MSA) on **October 22, 2025**, with an initial term of **five years**.  **[1017655_c9902e1981444f0f8a5d5090ad0cc3d1_0]** 
- Under the MSA, EPF will assume full operational management, compliance oversight, and technology administration of XTM’s Canadian network branded card and digital wallet programs through a jointly formed subsidiary, Everyday People Payments Inc..  **[1017655_c9902e1981444f0f8a5d5090ad0cc3d1_0]** 
- The new subsidiary, Everyday Payments, will be **90% owned by XTM and 10% by EPF** initially, with EPF having the potential to earn additional equity up to **49.9%** based on net revenue milestones.  **[1017655_c9902e1981444f0f8a5d5090ad0cc3d1_1]** 
- The agreement is expected to be **immediately accretive to XTM’s financial performance** by eliminating significant operating costs, and the collaboration is anticipated to generate annualized revenues in line with XTM's **$9.1 million net revenues in 2024** within twelve months of full transition.  **[1017655_c9902e1981444f0f8a5d5090ad0cc3d1_0]** **[1017655_c9902e1981444f0f8a5d5090ad0cc3d1_1]** 
- This partnership aims to create a comprehensive fintech ecosystem by combining both companies' payment technologies under EPF's Digital Commerce Bank platform, leveraging EPF's existing infrastructure to achieve **material economies of scale**.  **[1017655_c9902e1981444f0f8a5d5090ad0cc3d1_0]** **[1017655_c9902e1981444f0f8a5d5090ad0cc3d1_1]**

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