UMT United Mobility Technology AG
UMT with new strategic partner: Increase of standing guidance for 2019 and expansion of digital services in the FinTech sector
DGAP-News: UMT United Mobility Technology AG
/ Key word(s): Change in Forecast/Alliance
Munich, 14 November 2019 “The entry of large companies with products such as Apple Pay and Google Pay into the German mobile payment market in the last 24 months has been a wake-up call for many slow-acting companies. This step creates massive catch-up potential for German and European solutions based on UMT’s unique technology, IP and outstanding operational track record,” says Dr Albert Wahl, CEO of UMT United Mobility Technology AG. In addition to the UMT Group’s existing offerings in the area of Industrial Internet of Things (IoT) and Pay-per-Use for Machine-to-Machine (M2M) payment applications, UMT sees a multitude of further opportunities for digital services in the entire FinTech sector in the future. The highly sought-after expertise in the development, introduction and operation of nationwide secure mobile payment solutions forms the solid basis for further services. “Negative interest rates and further increases in regulatory and compliance standards are eroding the business models of traditional banks and financial service providers. The enormous cost pressure paves the way for new and cost-saving digital solutions. This opens a new window of opportunity for lean and agile companies such as UMT. We have proven that we can build, adapt and operate superior technologies that conform to high-security standards more efficiently and cost-effectively than large competitors,” says Dr Albert Wahl. The new strategic partnership and the exchange with leading representatives of the financial industry enabled UMT to gain early insight into the ongoing profound changes in the financial sector and to identify an urgent need for cost-saving digital solutions. The UMT United Mobility Technology AG share (GSIN A2YN70, ISIN DE000A2YN702) is traded on the Frankfurt Stock Exchange and is listed on the Basic Board of Deutsche Boerse AG.
14.11.2019 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | UMT United Mobility Technology AG |
Brienner Straße 7 | |
80333 München | |
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: | DE000A2YN702 |
WKN: | A2YN70 |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Hamburg, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 911927 |
End of News | DGAP News Service |