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 specialized in the development and implementation of individual mobile payment and blockchain solutions, especially for large-scale customers, e.g. PAYBACK (American Express Group). As a white-label technology provider, the FinTech company has developed one of the largest mobile payment platforms in Europe. UMT operates between all relevant parties such as large retail chains, banks, bonus program providers and end-users. The technology is currently live in 16,000 stores and 71,000 cash desks. In Germany, 15 million users are able to benefit from UMT's mobile payment technology. In addition, UMT provides its customers loyalty programs and Smart Data services along the entire value chain.

Shares of UMT United Mobility Technology AG (German Securities ID: 528610, ISIN: DE0005286108), are traded on Xetra, Frankfurt Stock Exchange and are listed in Deutsche Börse AG's Basic Board segment.

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