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UMT United Mobility Technology

New payments deal with B2B app start-up Evy

Flash note | Technology | 30 Nov 2017

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

Termination of coverage

Update | Technology | 15 Jan 2018

Edison Investment Research is terminating coverage on UMT (UMD). Please note you should no longer rely on any previous research or estimates for this company. All forecasts should now be considered redundant.

UMT United Mobility Technology

New blockchain smart data and loyalty solution deal

Flash note | Technology | 15 Dec 2017

UMT has announced a new Letter of Intent with Berlin-based sports and casino gaming company, mybet Holding, to create an innovative blockchain-based smart data service and customer loyalty scheme for the betting company. The two companies expect this to make mybet the first European gaming company to offer blockchain-based payment functions. UMT has also agreed to invest EUR 500,000 in the new customer loyalty programme, which will also support the use of UMT’s payment solution by mybet’s customers. The launch of the loyalty scheme is envisaged as soon as 1 February 2018.

UMT United Mobility Technology

Stepping out into B2C payments & blockchain

Outlook | Technology | 28 Nov 2017

As a result of its work with leading retailers in the Payback loyalty scheme, UMT is Germany’s largest provider of white-label mPay services. Earlier this year the group took a decisive step into the B2C arena with the acquisition of prelado, an online German mobile phone top-up retailer. UMT plans to leverage its mPay know-how and retail contacts to drive an expansion of prelado’s product range as well as to extend prelado’s reach into other major EU countries. The group has also recently reached an agreement with solarisBank of Berlin to allow it to provide customers with full banking services as well as signing an MoU with blockchain specialist Coinsilium, to explore the use of blockchain technology in its service areas. UMT shares currently trade in line with the mPay small-cap sector on current year estimates. EV/revenues, and the current price implies free cash flow growth of 13.6% from 2021 in our reverse DCF analysis.

UMT United Mobility Technology

Executive interview - UMT

Edison TV: | Technology | 30 Jun 2017

Alexander Frankenstein, head of business development at UMT, discusses the growth opportunities in the international mPayments market, the group’s strategy and lessons learnt from the failures of other fintech operators and the group’s own mistakes.

UMT United Mobility Technology

Accounts transparency a positive step forward

Update | Technology | 02 Dec 2016

UMT has shown substantial progress in hitting key milestones since our initiation on the stock in May of this year. The launch of white-label mobile payments for Germany’s largest loyalty scheme, Payback, commenced smoothly in June and six major German retail groups are now using UMT’s system to provide mobile payments services to their Payback customers. The recent publication of key consolidated earnings data for H116 shows 34% EPS uplift from the unconsolidated figures for the same period, while management’s plans to publish consolidated financial statements for FY16 and IFRS standards for FY17 should improve reporting transparency and boost investor confidence.

UMT United Mobility Technology

New partner plus Payback contract going well

Flash note | Technology | 14 Oct 2016

UMT has announced a partnership agreement with Points4More, a Munich-based provider of loyalty platforms. The partnership will enable UMT to tender for contracts requiring payment and loyalty scheme capabilities with a highly advanced loyalty product to complement its strengths in mobile payment. Management also sees the potential for Points4More to boost its deal flow as it is tendering for contracts that require mobile payment technology and will bring UMT into these deals.

UMT United Mobility Technology

Let the Payback begin

Initiation | Technology | 10 May 2016

UMT 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 United Mobility Technology

Moving up a gear with Amex group contract

QuickView | Technology | 27 Jan 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.