Mr. Marco Margiotta reports

OTC MARKETS GROUP WELCOMES PAYFARE INC. TO OTCQX

Payfare Inc. has qualified to trade on the OTCQX Best Market. Payfare upgraded to OTCQX from the Pink market.

Payfare begins trading today on OTCQX under the symbol PYFRF. U.S. investors can find current financial disclosure and real-time Level 2 quotes for the company on the OTC Markets website.

Upgrading to the OTCQX market is an important step for companies seeking to provide transparent trading for their U.S. investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the United States. To qualify for OTCQX, companies must meet high financial standards, follow best-practice corporate governance and demonstrate compliance with applicable securities laws.

"U.S. institutional investors continue to show a growing interest in Payfare, which was the key driver in our decision to upgrade our stock to the OTCQX Best Market," said Marco Margiotta, chief executive officer and founding partner of Payfare. "This is the first step we are taking to broaden our reach to this new group of investors."

Burns Figa & Will PC acted as the company's OTCQX sponsor.

About Payfare Inc.

Payfare is a global financial technology company powering digital banking and instant payment solutions for today's gig work force. Payfare partners with leading platforms and marketplaces, such as Uber, Lyft and DoorDash, to provide financial health for their work forces.