UMT - Let The Payback Begin
Edison | May 10, 2016 05:40AM ET
UMT (DE:UMD) is at an exciting time in its development. Germany’s largest loyalty scheme, Payback, has announced it will launch its UMT-powered mPay service in June. This should give rise to new platform maintenance and commission streams, and potentially new data analytics earnings arising from data crossing UMT’s platform. Helped by the reputational boost from the Payback launch and a promising new client pipeline, we see good prospects for UMT to bring a number of new customers on board in 2016-17 and generate significant earnings growth over the next two to three years.
UMT set to take German lead in mPay
As a result of the current contract with Payback, UMT will embed its mobile payments (mPay) technology in the tills of 45% of Germany’s retail sector and power the mobile payments of the largest loyalty programme in Germany, with 28 million members. UMT is also Payback’s preferred partner for the roll-out of mPay to its loyalty programmes in Italy, Poland, Mexico, India and the US, where the rest of Payback’s 75 million members are located. Payback’s plans to intensively advertise and promote the app and mPay, and the existing tally of 8.5m downloaded apps, should boost early adoption of mPay. This has led us to forecast that 2.6 million of Payback’s German customers will already be using mPay by the end of this year.
To read the entire report Please click on the pdf File Below
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.