Market Herald logo

Subscribe

Be the first with the news that moves the market

FinTech Chain gained 11.8 percent in the ASX today after signing with Tianshan Rural Credit Bank of Xinjiang Autonomous Region.

TRCB subscribed to Fintech’s growing T-Linx payment platform for a three-month trial. T-Linx platform provides cloud-based services for payments through China-based debit, credit, and WeChat.

T-Linx also aggregates sales data for merchants. Total sales revenue through T-Linx, are shared between the merchants, banks, and FinTech.

TRCB is currently subscribed to the platform under a $6,288 monthly fee. The fee is open to increasing pending customer flow.

“The above special award program with TRCB provides a strong foundation for the use of FTC’s T-Linx system in the travel and entertainment industry and demonstrates our active relationship with Rural Credit Bank and its affiliates under our mutual principal agreement signed in Beijing in February 2019,” said FinTech Chairman Qiang Xiong.

The announcement comes just a week after signing with Hunan Xingsha Rural Commercial Bank (XRCB), expected to generate the company 0.02 percent revenue per transaction.

FinTech reported $1.8 million worth of transaction daily from XRCB after three months of use.

Please see the announcement attached

FTC by the numbers
More From The Market Herald
Superloop (ASX:SLC) - Managing Director and CEO, Paul Tyler

" Superloop (ASX:SLC) to buy tech firm Acurus in $15m deal

Superloop (ASX:SLC) has signed a sale and purchase agreement to buy Melbourne-based white-label and technology firm…
The Market Herald Video

" iCandy Interactive (ASX:ICI) seeks approval for share buy-back

iCandy Interactive (ASX:ICI) is seeking approval to undertake an on-market share buy-back from its shareholders.

" Archer Materials (ASX:AXE) granted Australian patent for computing chip

Archer Materials (ASX:AXE) has been granted an Australian patent for its CQ quantum computing chip technology.
Revasum (ASX:RVS) - Outgoing President & CEO, Rebecca Shooter Dodd

" Rebecca Shooter-Dodd resigns as President & CEO of Revasum (ASX:RVS)

Rebecca Shooter-Dodd has resigned as President and CEO of Revasum (ASX:RVS), effective immediately due to personal…