Australia's IOUpay rises on deal with Malaysian Islamic payment gateway

Ovanti

13/07/2022 02:27

** Shares of financial tech company IOUpay Ltd  IOU.AX  rise
as much as 23.61% to A$0.089, their best session since July 6
    ** IOU says it signed agreement with a Malaysian Islamic
payment gateway PayHalal  urn:newsml:reuters.com:*:nASX24V8n5
    ** PayHalal's portfolio of about 7,000 merchant
relationships being reviewed and short-listed for potential
onboarding to 'myIOU Islamic' BNPL service offering, says co
    ** Co further awarded Shariah Compliance Certification by
Tawafuq Consultancy Sdn Bhd
    ** More than 9 million shares change hands, compared with
the 30-day average volume of about 7 million shares 
    ** Stock has fallen about 54% this year as of last close

 (Reporting by Anan Ashraf in Bengaluru)
 ((Anan.Ashraf@thomsonreuters.com;))