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DGAP-Adhoc: UMT United Mobility Technology AG: UMT announces strategic decision for vertical integration along the value chain, offering payment, acquiring and banking services (english)

13/03/2018 - 10:51


UMT United Mobility Technology AG: UMT announces strategic decision for vertical integration along the value chain, offering payment, acquiring and banking services

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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.

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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


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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
                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:        DE0005286108
   WKN:         528610
   Listed:      Regulated Unofficial Market in Berlin, Frankfurt (Basic
                Board), Stuttgart, Tradegate Exchange



   End of Announcement    DGAP News Service
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663361 13-March-2018 CET/CEST

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