BEIJING, April 27,
2023 /PRNewswire/ -- WeTrade Group Inc. ("WeTrade" or
the "Company") (NASDAQ: WETG), a global diversified "software as a
service" ("SaaS") technology service provider committed to
providing technical support and digital transformation tools for
enterprises across different industries, today announced that the
Company will launch a global universal consumer card, VM Card.
The VM Card is a payment product developed based on the WTPay
system of WeTrade. It supports merchants of Visa and MasterCard,
and also supports binding to Apple Pay, Google Pay, Union Pay,
Alipay+, Wechat Pay, Grab Pay, etc. The physical card also supports
ATM withdrawal.
The users can download the registration information of the VM
Card APP (soon to be launched), submit the information to open a
card, recharge it, use it worldwide, and also enjoy credit rebates.
The VM Card is available on demand, and users can set the payment
amount at will.
VM Card has the following major characteristics:
1. Dedicated card, ensuring fund security while also making fund
management clearer
2. Own and cooperate with payment licenses such as MSO, MSB, and
domestic payment business licenses to ensure global financial
business security and compliance.
3. The core team of the project are all from leading institutions
in the field of finance and technology and the world's top 100
enterprises, with professional financial technology research and
development experience. They have obtained over 30 independently
developed patent systems and improved their risk prevention
capabilities with advanced technology.
The VM Card plans to attract more users through ads on the APP
Store and Google Play, promotions on social media platforms such as
Facebook, Instagram and Twitter, as well as premium gifts, 10x
rewards, and free fees for the first premium. The planned number of
VM Cards issued is 10,000 in 2023.
Hechun Wei, Chief Executive
Officer of the Company, commented, "The continuous expansion of the
cross-border overseas market scale and the recovery of the overseas
study abroad industry have driven a further increase in demand for
overseas consumption, entertainment, and other markets, making the
demand for foreign currency consumption cards increasingly strong.
VM Card is another landing project in the WTPay overseas financial
business sector of WeTrade , which will further consolidate the
group's overseas financial business development. At the same time,
the launch of VM Card will also be combined with more business
scenarios of the group, and we look forward to the group's business
transformation allowing the overseas financial business sector to
create greater value for shareholders."
About WeTrade Group Inc.
WeTrade Group Inc. is a global diversified "software as a
service" ("SaaS") technology service provider which is
committed to providing technical support and digital transformation
tools for enterprises across different industries. The four
business segments of WeTrade Group are YCloud, WTPay ,Y-Health and
YG.
YCloud is a micro-business cloud intelligent system launched by
WeTrade, serving global micro-business industry. YCloud strengthens
users' marketing relationship and CPS commission profit management
through leading technology and big data analysis. It also helps
increase the payment scenarios to increase customers' revenue by
multi-channel data statistics, AI fission and management as well as
improved supply chain system.
Independently developed by the Company, WTPay supports multiple
methods of online payment and eight mainstream digital wallets in
over 100 countries to help customers quickly realize global
collection and payment business.
Y-Health is the sector focusing on public health business, which
engages in developing global business for biological health and
medical enterprises. Currently, Y-Health mainly focuses on
detection and prevention of epidemic, daily healthcare, traditional
Chinese medicines, and others.
YG is the new energy business segment which mainly provides
tools and technical support for the digital new energy industry in
the Middle East and Central Asia.
For more information, please
visit https://ir.wetg.group.
Forward-Looking Statements
This press release contains information about the Company's
view of its future expectations, plans and prospects that
constitute forward-looking statements. Actual results may
differ materially from historical results or those indicated by
these forward-looking statements as a result of a variety of
factors including, but not limited to, risks and uncertainties
associated with its ability to raise additional funding, its
ability to maintain and grow its business, variability of operating
results, its ability to maintain and enhance its brand, its
development and introduction of new products and services, the
successful integration of acquired companies, technologies and
assets into its portfolio of products and services, marketing and
other business development initiatives, competition in the
industry, general government regulation, economic conditions,
dependence on key personnel, the ability to attract, hire and
retain personnel who possess the technical skills and experience
necessary to meet the requirements of its clients, and its ability
to protect its intellectual property. The Company's encourages
you to review other factors that may affect its future results in
the Company's annual reports and in its other filings with the
Securities and Exchange Commission.
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SOURCE WeTrade Group INC