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    N4G   DE000A161NR7


SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

PRESS RELEASE: The NAGA Group AG: NAGA Pay announces its payments arm with the launch of NAGA Pay with VISA and in partnership with Contis. NAGA Group initiated to license it's cryptocurrency division

06/14/2021 | 07:45am EST
DGAP-News: The NAGA Group AG / Key word(s): Alliance/Product Launch 
The NAGA Group AG: NAGA Pay announces its payments arm with the launch of NAGA Pay with VISA and in partnership with 
Contis. NAGA Group initiated to license it's cryptocurrency division 
2021-06-14 / 13:43 
The issuer is solely responsible for the content of this announcement. 
NAGA Pay announces its payments arm with the launch of NAGA Pay with VISA and in partnership with Contis. NAGA Group 
initiated to license it's cryptocurrency division 
  . NAGA Pay to be launched in Q3 
  . VISA approved card program for EEA and UK 
  . NAGA initiates process of licensing its' crypto and blockchain division 
Hamburg, June 14th, 2021 - NAGA Group AG (XETRA: N4G, ISIN: DE000A161NR7), provider of the social network for financial 
market trading NAGA.com, announces the launch of its revolutionary payment's platform NAGA Pay, with UK/EEA payments 
and VISA Debit Card. NAGA's unique program will offer users the opportunity to link and access funds held directly in 
their payment and brokerage wallets as well as their physical crypto-wallets, the latter being subject to licensing 
later in Q4. 
NAGA is yet again delivering on its promise of designing and deploying disruptive products that users can apply to 
better the way with which they interact concerning their funds and investing decisions. NAGA Pay will offer direct 
payment services supported by all asset classes available on the NAGA Trading Platform. The all-new NAGA Pay app is 
powered by Contis, one of Europe's leading providers of payments solutions to FinTechs and financial institutions. By 
virtue of Contis, NAGA gains access to the UK and EEA payment rails, as well as adding a globally recognized VISA Debit 
Card accepted with over 140 million merchants worldwide. 
The delivery of the first personal accounts is expected by Q3 2021, subject to receiving all regulatory approvals. 
Benjamin Bilski, CEO of NAGA, said: "Our first NAGA card offering suffered from technical limitations and did not meet 
all our customers' needs. In choosing to work with Contis, we've gained a strong and highly experienced partner with a 
documented track record and industry leadership. Contis brings a proven ability to deliver large scale payment 
solutions that enable the advanced conversion of invested assets to fund fiat transactions in real time at the point of 
The all-new NAGA Pay and VISA Debit Card will allow users to utilize their active portfolio investments, converting 
instantly to fiat at the point of sale by utilizing the award winning Contis buffer-technology. Transactions are 
immediately funded in real-time using the users' available assets' value on the NAGA platform. At checkout, users can 
opt whether their personal account or their active stocks & shares portfolio should fund their card transaction, with a 
simple selection on their app. For example, a customer with a credit balance of EUR500 on NAGA Pay and EUR500 in Apple 
shares can decide which asset is selected for a payment using their VISA Card. Subject to licensing its crypto and 
blockchain division later in the year, NAGA plans to add cryptocurrencies as a payment option and an addition to the 
NAGA Pay will offer a fully digital account opening process and will be offered as either a standard Free or Premium (EUR 
4.99 per month) solution. The premium account will have lower fees for withdrawals, dedicated offers, premium customer 
support and higher limits for transactions. Users can subscribe to the waiting list at https://www.naga.com/pay. 
In closing, NAGA wishes to announce its plans to fully license its cryptocurrency and blockchain division and has hired 
a dedicated and specialized Team to that effect. "Crypto is here to stay and will. We do believe however, that 
regulation and licensing will be a major factor for all players in the future. Given our expansion into payments and 
our plans to allow instant cryptocurrency spending as well as the rising demand by our clientele for spot-crypto, we 
started the process of obtaining proper licensing for our crypto products as well as hired a dedicated Team to improve 
and expand our cryptocurrency offering at NAGA", adds Bilski. 
About NAGA 
NAGA is an innovative fintech company that seamlessly connects personal finance transactions and investments through 
its social trading platform. The company's proprietary platform offers a range of products from stock trading, 
investments and cryptocurrencies to a physical VISA Card. Additionally, the platform allows for exchanges with other 
traders, provides relevant information in the feed, and autocopy features for successful members' trades. NAGA is a 
synergistic total solution that is easily accessible and inclusive. It provides an improved foundation to trade, 
invest, network, earn and pay. 
Andreas Luecke, 
The NAGA Group AG 
2021-06-14 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
Language:     English 
Company:      The NAGA Group AG 
              Hohe Bleichen 12 
              20354 Hamburg 
E-mail:       info@naga.com 
Internet:     www.naga.com 
ISIN:         DE000A161NR7 
WKN:          A161NR 
Indices:      Scale 30 
Listed:       Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Munich, Stuttgart, 
              Tradegate Exchange 
EQS News ID:  1207608 
End of News   DGAP News Service 

1207608 2021-06-14

Image link: 

(END) Dow Jones Newswires

June 14, 2021 07:44 ET (11:44 GMT)

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Sales 2021 57,6 M 65,1 M 65,1 M
Net income 2021 6,49 M 7,33 M 7,33 M
Net cash 2021 62,3 M 70,4 M 70,4 M
P/E ratio 2021 55,7x
Yield 2021 -
Capitalization 320 M 362 M 362 M
EV / Sales 2021 4,48x
EV / Sales 2022 2,34x
Nbr of Employees 112
Free-Float 18,9%
Duration : Period :
The NAGA Group AG Technical Analysis Chart | N4G | DE000A161NR7 | MarketScreener
Technical analysis trends THE NAGA GROUP AG
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 3
Last Close Price 7,80 €
Average target price 13,47 €
Spread / Average Target 72,6%
EPS Revisions
Managers and Directors
Benjamin Bilski Chief Executive Officer
Andreas Luecke Chief Financial Officer, Head-Legal & HR
Harald Patt Chairman-Supervisory Board
Sandra Pankin Administrative Manager
Hans Jochen Lorenzen Member-Supervisory Board
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