Understanding the Market | WELLCELL HOLD rises over 9% as the company announces the launch of its self-developed global stablecoin payment platform Fopay

WELLCELL HOLD rose over 9% again, as of the time of writing, it increased by 4.69%, reaching HKD 9.15, with a transaction volume of HKD 44.0178 million. In terms of news, WELLCELL HOLD announced that the company is entering the cryptocurrency payment field and will launch its first mobile application "Fopay" on July 21, 2025. The announcement indicated that "Fopay" is developed based on the concept of stablecoin cryptocurrency payments, providing a one-stop payment platform, currently offering stablecoin custody and prepaid card payment functions through several licensed partners. The board of directors of WELLCELL HOLD believes that the launch of "Fopay" and this new business segment can explore more business opportunities for the company and benefit the company and its shareholders. It is worth noting that at the end of May this year, WELLCELL HOLD announced that the group is exploring the development of new business segments, including payment services (including global payment services utilizing blockchain technology) and financial technology businesses. The board believes that developing payment services and financial technology businesses in Hong Kong will help drive the group's business growth and maximize the overall returns and value for the group and its shareholders. The board also believes that this new business segment is expected to contribute to the group in the future and support the group's sustainable development