Future Fintech Plans to Launch a Financial App in the United Kingdom
Future FinTech Group Inc. (NASDAQ: FTFT) (“from now on referred to as “Future FinTech”, “FTFT” or “the Company”), a leading blockchain-based e-commerce business and fintech service provider, announced today that its new subsidiary, FTFT UK Limited (“FTFT UK”), held an inauguration ceremony for the opening of its new office in London on November 19, 2021. During which FTFT UK announced that it had entered the beta testing phase for its mobile financial app. It will enable customers to engage in a comprehensive suite of e-wallet activities. MasterCard, JP Morgan Chase, China Mobile, and Bank of China had attended this event. And others from the local business and financial sectors.
Shanchun Huang, CEO of FTFT
“We believe that by being a part of the challenger banking sector. Which provides digital banking services through apps or websites. We can leverage our core competencies and build a comprehensive financial services platform in the future. That is highly competitive with traditional banking. Our ultimate goal is to create a prominent financial technology firm. It provides high-quality digital financial services platforms to customers for a better user experience.”
On August 12, 2021, the Company has launched its FTFT UK subsidiary. As an operating basis from which to grow a fintech company in Europe.
FTFT UK has been working on a financial super app’ that will incorporate mobile payments, international transfers, wealth management options, membership benefits, on-the-spot discounts, and patented industry-disruptive applications, among other features.
The app was created with international students in mind. It would allow them to open bank accounts and make international money transfers, and saving time and avoiding unnecessary difficulties so that they can easily settle in and begin their new lives in the United Kingdom. With prominent fintech businesses in the UK, FTFT UK has formed relationships and begun the technological integration process. The FTFT UK’super app’ will be ready to launch once regulatory registration and technological partnerships are completed.
About Future FinTech Group Inc.
Future FinTech Group Inc. is a pioneer in blockchain-based e-commerce. A blockchain-based online shopping mall platform, a chain cloud mall, a cross-border e-commerce platform, an incubator for blockchain-based application ideas. And the development of blockchain-based e-Commerce and financial technology are among the company operations.
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