- Rubean's PhonePOS solution launches with a pilot project in Spain
August 20, 2020 – Munich and Madrid: The fintech company RUBEAN AG, Munich, (ISIN: DE0005120802, WKN: 512080, R1B: GR) has received an order from BBVA Group (NYSE: BBVA), Bilbao, Spain’s second-largest bank and one of the leading banks in Latin America and the United States. The order involves integrating a PhonePOS solution into an existing merchant app, allowing merchant customers of the banking group to accept card payments directly on their Android smartphones without additional hardware. The process is scheduled to start this year with a pilot project involving up to 2000 merchants in Spain.
With PhonePOS, Rubean provides a cost-effective way for smaller retailers and organizations to easily accept cashless payments. The merchant’s smartphone or tablet becomes the POS terminal that accepts contactless card payments everywhere. Merchants no longer need any additional hardware that they previously purchased or rented. The company sees the project with BBVA as a significant milestone in its corporate development.
PhonePOS has already been piloted by the two leading credit card organizations, Mastercard and VISA. Contactless payments are becoming increasingly important worldwide.
About Rubean:
RUBEAN AG is an established software manufacturer in the financial sector for 20 years. The company provides software solutions for seamless communication with peripheral devices in bank branches, among other things. Rubean is now growing with the development and marketing of the innovative mobile phone, PhonePOS, which RUBEAN has developed in collaboration with its partner CCV. Since April 2020, Rubean has been listed on m:access premium, the segment on the Munich Stock Exchange under the abbreviation R1B.
