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.

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About UMT AG:

UMT United Mobility Technology AG is a FinTech company specialising in the development and implementation of customised mobile payment and blockchain solutions, particularly for major customers. As a white label technology provider, the Company operates, amongst others, one of the largest mobile payment platforms in Europe. UMT acts as a central interface between all relevant parties such as large retail chains, banks, bonus programme providers and end consumers. UMT's technology is in live operation at around 16,000 branches and 71,000 checkouts. In Germany alone, over 14 million users can use UMT's mobile payment technology. In addition, UMT offers its customers services in the area of customer loyalty programs and smart data along the entire value chain. With the innovative LOYAL-App, UMT offers its users an efficient way to use loyalty programs and a modern mobile payment solution.

The UMT United Mobility Technology AG share (GSIN 528610, ISIN DE0005286108) is traded on the Frankfurt Stock Exchange and is listed on the Basic Board of Deutsche Boerse AG.

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