Future Fintech Subsidiary FTFT UK Limited to Work with Mastercard for Launch of Orbit E-money Platform and New Debit Card

Feb 24,2022

News Provided By: PR News

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.