Munich, June 3, 2020: The fintech company RUBEAN AG, Munich (ISIN: DE0005120802, WKN: 512080), and CCV Deutschland GmbH, Au i.d. Hallertau, a 100% subsidiary of CCV Group BV, Arnhem (NL), intend to deepen their existing strategic partnership. The partners plan to merge their joint PhonePOS(TM) business division and have signed a Letter of Intent. The integration of CCV’s PhonePOS(TM) Solutions Business into RUBEAN AG is planned. The exact procedure and the underlying valuation still need to be agreed upon after an expert opinion. The transaction is subject to the approval of the relevant committees and authorities. With the merger, RUBEAN will present itself as a leading provider of contactless payment acceptance solutions for mainstream smartphones in order to take advantage of excellent market opportunities.
CCV and RUBEAN agreed on a cooperation in early 2018 with the aim of establishing the smartphone as a contactless payment acceptance terminal for merchants, and in the meantime, developed the PhonePOS(TM) solution. Unlike other conventional solutions, PhonePOS(TM) does not require any additional hardware. The solution has already been approved for pilot operation by the two leading global card organizations, Mastercard (ISIN: US57636Q1040) and VISA (ISIN: US92826C8394). The pilot operation of a leading German financial association will start soon.
About Rubean:
Rubean AG is an established software manufacturer in the financial sector with 20 years of experience. The company offers software solutions for smooth communication with peripheral devices in bank branches. Rubean is now growing with the development and marketing of the innovative mobile point-of-sale terminal solution, PhonePOS. Since April 2020, Rubean has been listed in the premium segment m:access of the Munich Stock Exchange with the abbreviation R1B.
About CCV:
CCV develops and distributes electronic payment solutions in Germany, Benelux, and Switzerland and is one of the leading providers of cashless payment solutions in Europe with 850,000 payment terminals. CCV Deutschland GmbH is part of the international CCV Group with headquarters in Arnhem (NL).
