Xalles Holdings Inc. has executed a new licensing agreement with Xped Holdings Pty. Ltd. (Xped) of Adelaide, Australia, for its Shomei Payment Platform (Shomei). Global Savings Network Inc. (GSN), a wholly owned subsidiary of Xalles Financial Services Inc., will customize the Shomei real-time payment platform to create a new payment solution.

The GSN business model is to support local not-for-profit organizations through passive fundraising. The Shomei-based GSN system will enable GSN consumers to make mobile payments in-store, which will give the consumers discounts at the merchants plus cash back on their purchases. The system will also provide the merchant with real time payments as well as the not-for-profit organization will also receive their calculated fundraising payments as a percentage of the purchase total in real time.

GSN will upgrade its technology platform and re-launch to its extensive merchant and consumer network using the Shomei-based GSN system by October of 2022.