Xalles Holdings Inc. (OTC:XALL) Stock Takes a Hit: Here is Why

Holding companies often present interesting investment opportunities since they are often diversified, and one such company that could be worth tracking this morning is Xalles Holdings Inc. (OTC:XALL). Yesterday, the company made an announcement with regards to the appointment of Craig Lisbon as the Executive Vice President of Card Programs at its subsidiary, CashX.

It was a significant new appointment made by the company, and in light of the development, it could be a good idea for investors to consider taking a closer look at Lisbon’s credentials as an executive. In the new role, Lisbon would be responsible for the launch of the instant-issue Mastercard from CashX, which would be meant for a market of 60 million unbanked people in the United States. The potential global market could touch 1.1 billion individuals.

It was noted that Lisbon held considerable experience as an executive and attorney, spanning a period of more than three decades. During that period, he worked with some of the industry leaders in gaming, telecom, and payments. He also worked with a number of fintech companies that had pioneered advanced technologies and helped them expand into new markets. The sort of experience held by Lisbon in generating growth in markets with complex regulatory frameworks would be vital for CashX’s quest to make financial access more democratic.

The Chief Executive Officer of CashX, Stephen Combe, spoke about the development yesterday. He noted that Lisbon was in the right position to turbo-charge the company’s mission by deploying his considerable knowledge of the tech-powered financial services sector. He went on to state that Lisbon’s experience was expected to have a major impact on the operational success and strategic direction of CashX as a company. That would eventually lead to a massive change in the financial services industry by delivering services to those who are underserved.

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