MICT - MICT's insurance division inks commercial pact with China's largest payment service providers shares jump 16%

GFH Intermediate Holdings Ltd, a wholly owned subsidiary of MICT (MICT) rallies 15.7% premarket inks a commercial partnership with one of China's largest payment service providers.The partnership will earn commissions on insurance sales made via the MICT platform, with a registered base of more than 100M users.The commercial partner will provide payment services to a fast-growing network of merchants, which includes some of China's largest chains of convenience stores, as well as a broad cross-section of other retailers.The new contract to commence during the first quarter of 2021.

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MICT's insurance division inks commercial pact with China's largest payment service providers, shares jump 16%