- The German Banking Industry allows the pilot testing of a Digital Terminal-without-PIN-Pad (Digital TOPP) for the first time with PhonePOS™
- Timely market launch enabled by leading financial institutions
Munich, December 16, 2020: The German Banking Industry has granted approval for the pilot testing of a Digital Terminal-without-PIN-Pad (Digital TOPP) for the first time. The payment terminal app, PhonePOS, is provided by the fintech company Rubean AG, Munich, (ISIN: DE0005120802, WKN: 512080, R1B: GR) in collaboration with the payment provider CCV. The PhonePOS app turns regular Android smartphones and tablets into merchant point-of-sale terminals and can now accept contactless girocard payments. The German Banking Industry represents the interests of the five leading banking associations and serves as the governance authority for the leading card payment system girocard in Germany.
Rubean has already received orders from BBVA Group (NYSE: BBVA), Bilbao, the second-largest bank in Spain and one of the leading banks in Latin America and the USA, for the market entry of PhonePOS™ in Spain, as well as Global Payments Europe (GPE), Prague, a subsidiary of Global Payments Inc. (NYSE: GPN), a globally leading payment service provider, for the market entry initially in Hungary. Furthermore, pilot approvals have been obtained from the leading credit card companies, Mastercard and VISA. Overall, Rubean has a solid foundation for significant revenue and profit growth in the coming years.
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 point-of-sale terminal solution, PhonePOS, which Rubean has developed in collaboration with partner CCV. Since April 2020, Rubean has been listed on the m:access premium segment of the Munich Stock Exchange under the abbreviation R1B.
