Singapore-listed YuuZoo Corp's fast-paced business has reported achieving two milestones in the first week of this month.

It entered the Indian market by selling a regional franchise license to iComp Digital Media, which is part of iComp Solutions Group, the leading distributor and largest partner of Apple India. (For details, click here)

The second piece of news: It has launched YuuWallet, a proprietary electronic wallet for use largely in developing countries with low credit card penetration.

Stock price  15.2 c
52-week range 12.9-24.5c
Market cap S$109 m
Price Earnings (ttm) 1.7 x
Year-to-date return -21%
Dividend yield --
Source: Bloomberg

It enables fast, easy and secure payments without credit cards. It can also be used for sending, receiving and withdrawing money payments and money transactions, from large amounts to micro payment, such as for digital content.

Boston Consulting Group (BCG) estimates in its recent “Global Payments 2020” report that global retail payment transactions by the year 2020 will increase to USD 21 trillion.

BCG estimates that 18-24% of this will be digital payments. 

YuuWallet will be fully embedded into YuuZoo’s social e-commerce platform.

Yoav Elgrichi, CEO of YuuZoo’s fully owned payment subsidiary YuuPay, says: “While e-commerce is booming globally, many countries still lack convenient payment solutions that can be used by the entire population and not only those holding credit cards.

"YuuWallet has been designed by using cutting edge technology, and offers a 'mobile first' experience even in areas with challenging data connection. YuuWallet is fully integrated into the YuuZoo platform, and allows YuuZoo users a convenient way to pay.  

"It makes YuuZoo one of the few e-commerce platforms in the world that has its own embedded full payment system."

YuuZoo will market the YuuWallet through its network of franchisees and partners in 69 countries with a combined population of over 4 billion people.


Share Prices

Counter NameLastChange
AEM Holdings4.340-0.100
Avi-Tech Electronics0.300-
Broadway Ind0.161-0.001
China Sunsine0.460-0.005
DISA0.004-
Food Empire0.5450.010
Fortress Minerals0.350-
Geo Energy Res0.4400.005
Golden Energy0.5300.015
GSS Energy0.057-0.002
InnoTek0.4400.005
ISDN Holdings0.515-0.005
ISOTeam0.090-
IX Biopharma0.168-0.001
Jiutian Chemical0.0960.002
KSH Holdings0.355-
Leader Env0.0620.002
Medtecs Intl0.187-
Meta Health0.031-
Moya Asia0.064-0.001
Nordic Group0.415-0.010
Oxley Holdings0.1860.001
REX International0.2450.005
Riverstone0.8300.030
Sinostar PEC0.220-
Southern Alliance Mining0.645-0.005
Straco Corp.0.390-
Sunpower Group0.380-
The Trendlines0.094-
Totm Technologies0.1280.001
UG Healthcare0.210-
Uni-Asia Group1.0800.010
Wilmar Intl4.1500.060
Yangzijiang Shipbldg0.9500.015

NextInsight RSS

rss_2 NextInsight - Latest News

Online Now

We have 1175 guests and no members online