Stock Track | iFAST Soars 3.29% Intraday on UK Banking Expansion Through Bacs System Integration

Stock Track

Jan 23

iFAST's stock surged 3.29% during intraday trading on Friday, reflecting positive investor sentiment following a significant business development.

The price movement appears to be driven by iFAST Corporation Ltd.'s announcement that its subsidiary, iFAST Global Bank, has joined the UK Bacs (Bankers' Automated Clearing Services) payment system. This strategic move enables the bank to offer Bacs Direct Credit and Direct Debit services, significantly expanding its payment capabilities for customers across the United Kingdom.

To capitalize on this expansion, iFAST Global Bank has also launched a promotional campaign offering customers up to £200 in rewards for switching their salary credits and referring friends, potentially driving customer acquisition and growth in its UK operations.

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This strategic move enables the bank to offer Bacs Direct Credit and Direct Debit services, significantly expanding its payment capabilities for customers across the United Kingdom.</p><p>To capitalize on this expansion, iFAST Global Bank has also launched a promotional campaign offering customers up to £200 in rewards for switching their salary credits and referring friends, potentially driving customer acquisition and growth in its UK operations.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AIY.SI","symbol_name":"奕丰集团","start_time":0,"source_url":"","article_id":"1129790852","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1129790852","pubTimestamp":1769137469,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"iFAST's stock surged 3.29% during intraday trading on Friday, reflecting positive investor sentiment following a significant business development.The price movement appears to be driven by iFAST...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"AIY.SI":"奕丰集团"},"translate_title":"个股追踪|奕丰盘中大涨3.29%因英国银行业通过Bacs系统集成扩张","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AIY.SI":1},"content_text":"iFAST's stock surged 3.29% during intraday trading on Friday, reflecting positive investor sentiment following a significant business development.The price movement appears to be driven by iFAST Corporation Ltd.'s announcement that its subsidiary, iFAST Global Bank, has joined the UK Bacs (Bankers' Automated Clearing Services) payment system. 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