Future Fintech Announces Plans to Launch Financial App in the UK
Future FinTech Group Inc. (NASDAQ: FTFT) announced the inauguration of its subsidiary, FTFT UK Limited, in London on November 19, 2021. The subsidiary has entered the beta testing phase for a mobile financial app designed for e-wallet activities. FTFT aims to establish itself in the challenger banking sector, enhancing digital financial services. The app will cater particularly to UK-bound international students by simplifying banking and money transfer processes. Partnerships with fintech companies in the UK are in progress for a comprehensive launch.
- Inauguration of FTFT UK Limited enhances presence in Europe, focusing on fintech development.
- Beta testing of a mobile financial app aims to provide comprehensive e-wallet services.
- The app is designed to assist UK-bound international students with banking solutions.
- Establishing partnerships with leading fintech firms in the UK for app launch.
- None.
NEW YORK, Nov. 23, 2021 /PRNewswire/ -- Future FinTech Group Inc. (NASDAQ: FTFT) ("hereinafter referred to as "Future FinTech", "FTFT" or "the Company"), a leading blockchain-based e-commerce business and a fintech service provider, announced today that its new subsidiary, FTFT UK Limited ("FTFT UK"), held an inauguration ceremony on November 19, 2021 for the opening of its new office in London, during which FTFT UK announced that it has entered the beta testing phase for its mobile financial app which will enable customers to engage in a comprehensive suite of e-wallet activities. Representatives from the local business and financial sectors, including executives of MasterCard, JP Morgan Chase, China Mobile and Bank of China attended the event.
Mr. Shanchun Huang, CEO of FTFT, said, "We believe that we can leverage our core competencies by being part of the challenger banking sector, which provides digital banking services through apps or websites, and build a comprehensive financial services platform in the future that is highly competitive with traditional banking. Our ultimate goal is to become a leading financial technology company that provides customers with a high-quality digital financial services platform for a superior user experience."
As announced on August 12, 2021, the Company's FTFT UK subsidiary was incorporated as an operating base from which to develop fintech business in Europe. FTFT UK has been working to develop a financial 'super app' that will include a wide range of personal digital financial products and services including functionality for mobile payments, international transfers, wealth management options, membership rewards, on-the-spot discounts and proprietary industry-disruptive applications. The app has been designed to be especially useful for UK-bound international students since it will enable the opening of bank accounts and international money transfers which will help such students to save time and avoid unneeded hassles, so that they can quickly settle down and start their new lives in the UK.
FTFT UK has established partnerships and began the process of technical integration with leading fintech companies in the UK. Once regulatory registration and technical collaborations are finalized, the FTFT UK 'super app' will be ready to launch.
About Future FinTech Group Inc.
Future FinTech Group Inc. ("Future FinTech", "FTFT" or the "Company") is a leading blockchain e-commerce company and a service provider for financial technology incorporated in Florida. The Company's operations include a blockchain-based online shopping mall platform, Chain Cloud Mall ("CCM"), an incubator for blockchain based application projects, and supply chain financing and services. The Company is also engaged in the development of blockchain based e-Commerce technology as well as financial technology. For more information, please visit http:/www.ftft.com/.
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SOURCE Future FinTech Group Inc.
FAQ
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