UMT United Mobility Technology (UMD)

Business description

UMT is a technology company engaged in developing and operating highly scalable technology solutions. Its main focuses are a technology-agnostic mobile payment and loyalty platform, which is offered as white-label solution, as well as consulting services to large enterprises.

Moving up a gear with Amex group contract

QuickView | Technology | 27/01/2016

Courtesy of a deal with Amex subsidiary Payback, United Mobility Technology (UMT) is shortly to begin offering mobile payment services on a white-label basis across c 45% of Germany’s retail sector. Payback is by far Germany’s largest loyalty programme with 27.5 million users in Germany and 75 million worldwide. Of the former, seven million already use the Payback app and early adoption prospects should be boosted by plans for a heavily marketed launch. With PwC forecasting a 100%+ CAGR in the German mobile payment market to €1bn by 2020, UMT is set to become a fast-growing EU market leader.

Tagged: UMT, QuickView

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