DGAP-Adhoc:
UMT United Mobility Technology AG: UMT announces strategic decision for vertical integration along the value chain, offering payment, acquiring and banking services
DGAP-Ad-hoc: UMT United Mobility Technology AG / Key word(s): Strategic Company Decision
UMT United Mobility Technology AG: UMT announces strategic decision for vertical integration along the value chain, offering payment, acquiring and banking services
13-March-2018 / 10:51 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Munich, 13 March 2018
Ad hoc release
UMT announces strategic decision for vertical integration along the value chain, offering payment, acquiring and banking services
UMT United Mobility Technology AG has decided to integrate important elements of its value chain by expanding into payment services processing (PSP) and acquiring, e-money payments and banking services for corporate and retail clients, under the various applicable regulations of the financial supervisory authorities.
With this step, UMT will significantly expand its value chain and will be rounding off its unique selling proposition by responding to modern regulation (i.e. PSD2), as well as customer needs and requests.
As operator of one of the largest mobile payment platforms in Europe, this expansion will eliminate costs associated with the use of third-party processing and will provide a platform to offer customers a much larger variety of products in the payment, finance, loyalty and crypto markets.
UMT has offered its mobile payment and loyalty platform to corporate clients primarily on a white label basis yet and will from now on grow into a European payment, banking and loyalty services provider for corporates and end users alike.
Contact:
UMT United Mobility Technology AG
Investor Relations
Anna Kroh
Brienner Strasse 7
D-80333 Munich
E-Mail: investor.relations@umt.ag
Tel.: +49 89 20500-680
Fax: +49 89 20500-555 www.umt.ag
13-March-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
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Language: |
English |
Company: |
UMT United Mobility Technology AG |
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Brienner Straße 7 |
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80333 München |
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Germany |
Phone: |
+49 (0) 89 20 500 680 |
Fax: |
+49 (0) 89 20 500 555 |
E-mail: |
info@umt.ag |
Internet: |
www.umt.ag |
ISIN: |
DE0005286108 |
WKN: |
528610 |
Listed: |
Regulated Unofficial Market in Berlin, Frankfurt (Basic Board), Stuttgart, Tradegate Exchange |
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End of Announcement |
DGAP News Service |
663361 13-March-2018 CET/CEST