MoneyMe rises as co becomes principal issuer of credit card for Mastercard in Australia

Moneyme

11/07/2025 02:28

** Shares of consumer finance provider MoneyMe MME.AX rise 10% to A$0.165, their highest since July 1

** Co to become principal credit card issuer for Mastercard MA.N in Australia

** Also enters into an agreement with privately owned payment tech provider Episode Six to improve credit card infrastructure and enable multiple credit card products

** Stock on track for best day since June 27, if gains hold

** About 473,116 shares change hands, 1.7x the 30-day average of 280,609

** Stock down 19.5% YTD, including moves in current session

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)

 ((JasmeenAraIslam.Shaikh@thomsonreuters.com;))