- Rubean app enables another large logistics service provider to accept mobile payments for cash on delivery shipments
- GLS Spain, the third-largest Spanish logistics company, engages Rubean AG
Munich, July 28, 2023. Fintech company Rubean AG (Symbol: R1B:ETR, ISIN: DE0005120802, WKN: 512080), Munich, continues to expand its strong market position in the field of mobile payment acceptance operations in Spain. Once again, Rubean has received a major order, this time from Spanish logistics company GLS (General Logistics Systems Spain S.A., Madrid). GLS will also use Rubean’s GetPAYD software for cash on delivery deliveries. On Monday, Rubean AG announced a leading postal service provider on the Iberian Peninsula as a customer for the same use case.
GLS Spain has more than 1,400 employees, 43 logistics hubs or branches. Customers can drop off their packages at over 5,800 locations in 600 agencies. The packages are delivered by over 4,500 vans and transported by 510 trucks. With Rubean’s GetPAYD solution, the delivery driver can conveniently and quickly accept card payments on the device where the recipient confirms the receipt of the goods. Labor-intensive and operationally costly cash payments are replaced by card payments on devices that are already in use. “We can expect that our GetPAYD solution will be used for approximately 200,000 deliveries per month,” says Rubean board member Dr. Hermann Geupel.
Together with our customer, Spanish major bank Banco Bilbao Vizcaya Argentaria (Symbol BBVA:BM, Madrid), which enables the transactions on the banking side, we are gaining additional customers and market segments in the Spanish market. In order to expedite the Mastercard and Visa approvals for this and other projects, we have invested in product certification in the first half of this year. This now enables us to accept the many new customer orders. The start of the additional recurring revenues resulting from this will accordingly be shifted to the fourth quarter and explains the weaker revenues in the first and second quarters of this year,” Geupel continues. In early June of this year, a three-year contract worth 1.5 million euros was concluded with BBVA itself.
About Rubean:
Rubean AG is a leading provider of pure point-of-sale software solutions for banks, acquirers, and merchants. In its long history, Rubean has developed innovative software for the payment, finance, and banking sectors. This includes the mobile POS solution, Phone-POS, which allows merchants to accept card payments directly on their smartphones without the need for additional devices. This solution is now being used by payment service providers, major banks, retail companies, and smaller merchants across Europe. The shares of Rubean AG are listed on XETRA and most over-the-counter markets.
