UMT United Mobility Technology - New payments deal with B2B app start-up Evy
UMT has announced a new cooperation deal with Cologne-based B2B start-up Evy Solutions to provide payments services to its customer base. The Evy app is a digital assistant that enables private individuals and entrepreneurs to manage incoming mail, which is over an app-based platform. The deal with UMT will enable Evy to add app-based invoice payment to its range of services. Evy intends to roll out the service across Europe and expects transaction volumes in a three-digit million range in coming years. UMT will derive set-up fees under the contract as well as transaction fees from payments it processes over the platform. We see the deal as a good way to showcase UMT’s payment abilities to the B2B market after its successes in the retail market with the Payback scheme.Umt United Mobility Technology Ag. UMT United Mobility Technology AG is a Germany-based company engaged in the software industry. The Company specializes in the mobile application software.
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