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Cobo to unveil upgraded enterprise wallet payment products and brand refresh at Singapore FinTech Festival
PANews reported on October 17 that, according to official sources, Cobo plans to announce a brand refresh during the Singapore FinTech Festival (SFF) in mid-November and showcase the latest product capabilities of its institutional wallet, including upgraded products for enterprise and agent payment scenarios.
Founded in 2017, Cobo was initially known for its wallet products for individual users before shifting its business focus to institutions and enterprises. According to the company, Cobo currently serves more than 680 institutional clients across nearly 50 countries and regions. Its SFF showcase will present the latest progress in institutional wallets, payments, and agent payments.
Regarding the recently announced service shutdown of the personal Cobo Wallet App, Cobo added that the App had already stopped new user registration as early as 2021, and has since continued to provide services for existing users, leaving sufficient time for customers to withdraw funds. This announcement to end the personal App service marks the formal conclusion of Cobo's wallet business for individual users.
Cobo stated that this brand and product upgrade is part of its continued deepening of institutional business. Building on its existing wallet and custody services, the company will further expand payment scenarios to support the digital asset management and business needs of institutions, enterprises, and agents.
Source: PANews