WeTrade Group Inc., a global diversified “software as a service” technology service provider committed to providing technical support and digital transformation tools for enterprises across different industries, 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.
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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.
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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.”
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