Australia's IOUpay climbs on partnership with Malaysian bank

Ovanti

13/09/2022 05:21

** Shares of financial tech firm IOUpay Ltd  IOU.AX  climb
as much as 5.8% to A$0.073, eyeing their best day since Sept. 8,
if gains hold
    ** IOU says it has partnered with Malaysia government-owned
Bank Simpanan Nasional (BSN) to promote its products and
services  urn:newsml:reuters.com:*:nFWN30J2FI
    ** Says cos would partner to promote IOU's buy now, pay
later service and BSN's card products to its high credit quality
bank customers which include more than 6.5 mln card users
    ** Says deal also aims to boost the usage of BSN cards
through IOU's extensive consumer and merchant networks
    ** Stock down 55.5% YTD, as of last close

 (Reporting by Riya Sharma in Bengaluru)
 ((Riya.Sharma@thomsonreuters.com;))