OLB Stock Price Increased 19.87%: Why It Happened

By Amit Chowdhry ● March 3, 2021
  • The stock price of The OLB Group, Inc. (NASDAQ: OLB) increased by 19.87%. This is why it happened.

The stock price of The OLB Group, Inc. (NASDAQ: OLB) – a provider of cloud-based omnicommerce and payment acceptance solutions for small and mid-size merchants – increased by 19.87% as it went from a previous close of $5.99 to $7.18. Investors were responding to the company announcing its SecurePay payment gateway now provides merchants of every size with seamless payment acceptance through popular social media platforms and lifestyle apps. 

SecurePay’s direct integration at the payment gateway offers efficient and secure payment processing for customers wishing to make purchases without leaving a favorite app. And supporting “buy button” features within apps including Facebook, Instagram, Twitter, WhatsApp, TikTok and Skype, SecurePay securely manages transactions through the appropriate processing channels, returning approval authorization to the seller and buyer through the original app.

KEY QUOTE:

“Merchants of every size and business model are connecting and doing business across a multitude of channels, including social media. Providing the ability to accept payment within social media apps allows greater flexibility to meet customers where they are, while completing transactions simply and safely. Whether the merchant sends a payment link in Instagram or accepts an Apple Pay® payment at a kiosk or in store, SecurePay handles all the backend details, keeping all parties protected and happy.”

— Ronny Yakov, Chief Executive Officer for OLB Group

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.