Description

UMT United Mobility Technology AG functions as a financial technology enterprise, focusing on the development and implementation of custom mobile payment solutions throughout Europe. It acts as a crucial intermediary, connecting major retail entities, banks, loyalty program providers, and consumers. Its mobile payment infrastructure is operational in roughly 16,000 stores and 71,000 checkouts. Additionally, UMT offers clients services related to customer retention programs and intelligent data analysis across the entire value chain. The LOYAL-App enables users to access loyalty schemes and mobile payment features. The company also provides expertise in technology design, development, and consulting. Founded in 1989 and based in Munich, Germany, the company was formerly known as Leipzig solar farm AG before rebranding to UMT United Mobility Technology AG in 2011.