Australia's Ioupay jumps on collaboration deal with Malaysian fintech co

Ovanti

24/06/2022 01:50

** Shares of the fintech firm  IOU.AX  climb as much as 2.2% to
A$0.046, on track for their sharpest single-day pct jump since
June 9 
    ** Co says its unit has launched a strategic collaboration 
with peer co Virtualflex to provide a co-branded 'myIOU
KA$Hplus' Visa prepaid debit card to its customers in Malaysia
 urn:newsml:reuters.com:*:nASM000GRO
    ** Shares have fallen by 6.2% in value so far this week 
    ** Stock down 71% this year, as of last close, vs 12.6%
decrease in the benchmark S&P/ASX 200 index  .AXJO  


 (Reporting by Roushni Nair in Bengaluru)
 ((Roushni.Nair@thomsonreuters.com;))