RUBEAN AG – Successful market entry of PhonePOS with Global Payments Europe in Hungary

13. Oktober 2021

October 13, 2021 - Munich and Prague: Global Payments Europe (GPE) and Rubean AG, Munich (ISIN: DE0005120802, WKN: 512080) announce that Rubean's PhonePOS™ core business with small and mobile merchants has been successfully expanded to include business services. A large parcel service in Hungary uses the PhonePOS technology for customers who have decided to pay "cash on delivery". To pay, they can hold their card up to the reader of the delivery person who has installed the PhonePOS app. The first transaction volumes for the new service are remarkable: Within a few days after its introduction, the transactions have already increased exponentially to over a thousand payments per day - and the trend is clearly increasing.

PhonePOS enables every merchant with an Android device to download the PhonePOS app from the Google Play Store and to accept contactless card payments immediately, without an extra card reader. PhonePOS enables merchants of all types to accept card payments securely, inexpensively and anywhere, without having to buy or lease hardware. PhonePOS is PCI-CPoC certified and therefore has unlimited worldwide approval.

The market for cashless payments is changing significantly worldwide. Hungary is a prime example: On January 1st of this year, new legislation came into force in Hungary, requiring all merchants with an online checkout to also be able to accept electronic payments. An estimated 60,000 merchants who previously only accepted cash will be affected by the new legislation. Hundreds of these retailers are already processing sums in the six-digit euro range every day using Rubean's PhonePOS technology.

“The purely software-based acceptance of card payments enables or simplifies on-site payments in many cases, thereby creating new business. We have chosen Rubean's PhonePOS solution and we want to introduce this innovation to more markets,” says Karel Jara, Executive Director and VP Product Development at GPE.

Dr. Hermann Geupel, Rubean's CEO adds: "We see Global Payments Europe as the market leader in Central and Eastern Europe, one of the most dynamic payment markets." Rubean also expects similar developments in other countries where other major banks are in the process of introducing PhonePOS on a large scale.

Rubean will present PhonePOS at this year's Money2020 conference in Las Vegas from October 24th to 27th, 2021 at booth K1925.

About Global Payments:

Global Payments Europe (GPE), based in Prague, is a subsidiary of Global Payments Inc (NYSE: GPN), the world's leading provider of payment technology and software solutions.

About Rubean:

Rubean AG has been an established software developer in the financial sector for 20 years. The company is now growing with the development of innovative solutions for mobile payments. These include the mobile point-of-sale terminal solution PhonePOS, which was developed in cooperation with CCV. Rubean is listed on the m:access of the Munich Stock Exchange as well as on the Frankfurt, Berlin and Düsseldorf OTC markets and on Tradegate and Quotrix.

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