Future Fintech Subsidiary FTFT UK Limited to Work with Mastercard for Launch of Orbit E-money Platform and New Debit Card
Future FinTech Group (NASDAQ: FTFT) has announced a partnership between its subsidiary FTFT UK Limited and Mastercard to launch the FTFT Orbit e-money platform and Orbit Debit Mastercard. This innovative financial service aims to create a comprehensive ecosystem for consumers and businesses in the UK, offering a range of digital financial products. The FTFT Orbit platform is currently pending regulatory registration and is expected to include unique features like membership rewards and social financing. This initiative is a significant step in FTFT's goal to enhance its digital finance offerings.
- Partnership with Mastercard to enhance the launch of FTFT Orbit e-money platform.
- Development of a financial super app featuring diverse digital financial services.
- Unique customer KYC and onboarding process for international clients.
- FTFT Orbit platform is still subject to regulatory registration, delaying the launch.
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NEW YORK, Feb. 24, 2022 /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 subsidiary, FTFT UK Limited ("FTFT UK"), has entered into an agreement with Mastercard to partner on the impending launch of the FTFT Orbit e-money platform and Orbit Debit Mastercard, issued via FTFT UK's partners.
Mr. Shanchun Huang, Chief Executive Officer of Future FinTech, said, "The agreement with Mastercard greatly strengthens the launch of our digital finance business in the UK. We are developing a leading-edge financial services ecosystem to better serve individual consumers and businesses alike. Our goal is to become a leading financial technology company that provides customers with high-quality and all-inclusive digital finance services with superior user experiences."
Since August 2021, FTFT UK has been working to develop a financial 'super app', the FTFT Orbit, which will include a wide range of personal digital financial products and services beyond the standard mobile payments and international transfers, including membership rewards, on-the-spot discounts, social financing, and many more potentially industry-disruptive applications. The FTFT Orbit also features a unique customer KYC and on-boarding flow, providing international customers entering the UK exceptional convenience and practicality.
The FTFT Orbit e-money platform is still subject to regulatory registration in UK. Once regulatory registration and technical collaborations are finalized, FTFT UK will officially launch the beta version of FTFT Orbit.
About Future FinTech Group Inc.
Future FinTech Group Inc. 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"), supply chain financing and services and cryptocurrency market data services. The Company is also engaged in the development of blockchain based e-Commerce technology and cryptocurrency mining as well as financial service technology. For more information, please visit http://www.ftft.com/.
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SOURCE Future FinTech Group Inc.
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