FTFT UK Plans E-Wallet 'Orbit' Launch for Chinese Students Studying In UK

Aug 25,2022

News Provided By: PR Newswire

EW YORK, Aug. 25, 2022 /PRNewswire/ -- Future FinTech Group Inc. (NASDAQ: FTFT) ("hereinafter referred to as "Future FinTech", "FTFT" or "the Company"), a blockchain application technology developer and a fintech service provider, announced today that FTFT UK Limited ("FTFT UK"), a company organized under the laws of United Kingdom and a wholly owned subsidiary of the Company, participated in eight orientation meetings in Beijing, Shanghai, Hangzhouand Shenzhen for Chinese students entering study abroad programs in the UK. These meetings were organized by the University of Manchester and 21 other universities located in the Manchester area in the UK.


The purpose of the Company's participation in the Chinese student study abroad orientation meetings was to promote FTFT UK's Orbit E-Wallet app which includes providing account opening services pending Orbit's official launch. The Orbit E-Wallet app uniquely offers free accounts pre-approved by FTFT UK when student applicants pre-open accounts prior to their travel to the UK. As a result of the promotion, there has been a large increase in the number of social media followers of FTFT UK and numerous inquiries on how to open an Orbit E-Wallet account following the student orientation meetings in China.

The Orbit E-Wallet app is an electronic wallet that integrates popular e-wallet functions similar to Alipay and Wechat pay. With the first version of the app, account holders will be able to send money and experience discount shopping. It also integrates most of the core services that traditional banks offer such as international remittances, transfer payments, a physical debit card and bill payments. By the end of 2022, the Orbit app will enable account holders to communicate with friends, remit red envelopes (monetary gifts), and start a group buying program with merchants.

The Orbit E-Wallet app contains potentially powerful functions that are designed for ease of use, which FTFT UK believes will generate highly satisfied user experiences. The app provides convenience for overseas Chinese students and newcomers who will settle in the UK and solves the issue of cross-border remittance. It is expected that the Orbit app will be the first e-wallet in the UK to provide free account openings as well as integrated remittance services for Chinese students and expatriates in the UK.

Upon its launch, users will be able to download the app from Google play and Apple's app store. For details, please visit the official website of the FTFT UK Orbit at www.ftftorbit.com.

Bo Sun, Chief Executive Officer of FTFT UK commented, "The UK study abroad orientation meetings provided an excellent platform for us to promote the FTFT Orbit E-Wallet app which was wholly developed and designed by our FTFT UK team. We believe that our unique 'know your customer' and our account opening process will make adoption of the app easy, and the Orbit app will provide unprecedented convenience as well as a spectrum of services for Chinese students who are entering the UK."