- Value of 1.5 million Euros over the next three years
Munich, June 13, 2023. Fintech company Rubean AG (Symbol: R1B:ETR, ISIN: DE0005120802, WKN: 512080), Munich, has entered into a three-year contract worth 1.5 million Euros with Spanish major bank Banco Bilbao Vizcaya Argentaria (Symbol BBVA:BM), Madrid.
Rubean has a unique feature in Spain for pure software-based card acceptance terminals (softPOS), being the only softPOS provider connected to the national payment gateway Redsys. According to Rubean’s assessment, BBVA, along with its connected customers, offers a market potential of several hundred thousand users. Beyond the new contract, significantly higher revenues can be expected.
Rubean’s softPOS solution transforms Android-powered mobile devices into fully functional contactless payment terminals. Rubean is one of the leading providers in this field throughout Europe.
About Rubean:
Rubean AG is a leading provider of pure software point-of-sale solutions for banks, acquirers, and merchants. In its long history, Rubean has developed innovative software for the payment, finance, and banking industry. This includes the mobile POS solution, PhonePOS, which enables 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, retailers, and smaller merchants across Europe, following the completion of the pilot phase for product launch. In addition to its headquarters in Munich, Rubean has multiple locations in Germany and Europe. Rubean is listed on the m:access and most over-the-counter markets, as well as on XETRA.
