DGAP-News: UMT United Mobility Technology AG: UMT arranges cooperation agreement with the PayFair group
(firmenpresse) - DGAP-News: UMT United Mobility Technology AG / Key word(s): Alliance
UMT United Mobility Technology AG: UMT arranges cooperation agreement
with the PayFair group
29.03.2012 / 09:52
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Munich, 29th of March
Corporate news
UMT arranges cooperation agreement with the PayFair group
In course of the market launch of their mobile payment app, the UMT United
Mobility Technology AG (WKN 528610, ISIN DE0005286108) has arranged a
cooperation agreement with the PayFair group (www.payfair.eu). The brand
name of the international payment solution of the UMT will be iPAYst.
iPAYst is the realisation of a mobile eWallet and offers a new alternative
for payments by smartphone. The consumer has to install the application
that is free of charge on the smartphone and open an account with his card
and/or bank account information. The payment takes place by simply scanning
a QR-Code and entering a personal security code.
In a first step the cooperation between the UMT and the PayFair group aims
at positioning iPAYst in the Belgian market, followed by a joint
international promotion of the product to accelerate the further expansion
in the future.
Background:
The UMT AG (United Mobility Technologies AG) develops applications in the
mobility and service environment, especially for smartphones. At the moment
the product portfolio includes 15 apps and the UMT AG is the owner of
various patents. The so-called social networks were the pioneers to merge
reality and virtuality. On one hand, online shops, portals and social
networks etc have to be transferred to applications to be part of this
development. On the other hand there will be new opportunities and business
models. The UMT AG takes these advantages and is developing innovative
applications. The spectrum of the UMT AG is very versatile. It ranges from
social networks to an innovative payment solution by smartphone. In
addition to their own projects, the UMT AG also develops applications with
complex requirements for third parties.
payfair, a new player in the payments market, serves existing and new
markets with best-of-bread innovative and secure solutions for card- and
mobile-based payments, offering fair value sharing to all stakeholders.
Payfair has solutions for open as well as closed loop environments, card as
well as non-card payments. Payfair supports multiple channels uniformly, is
creating new heights in product offering, market penetration and customer
convenience and is opening new segments and niches for electronic payments
With its state of the art technology for mobile payments and its advanced
security and risk management, Payfair enables business partners to
capitalize on existing capabilities and investments, whilst providing for
faster market activation and investment optimization.
For further information:
UMT United Mobility Technology AG
Brienner Straße 7
80333 München (Germany)
Tel: +49 89 20 500 680
Fax: +49 89 20 500 555
Mail: info(at)umt.ag
Internet: www.umt.ag
Contact: Felix Wallner, CMO
Payfair NV
Mechelsesteenweg 455/19
1950 Kraainem (Belgium)
Tel: +32 2 767 66 66
Mail: info(at)payfair.eu
Internet: www.payfair.eu
Contact: Stephan Becker, CEO
End of Corporate News
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Datum: 29.03.2012 - 09:52 Uhr
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News-ID 129727
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