Rubean AG receives another major order in Spain

Großauftrag Spanien

28. Juli 2023

München, den 28. Juli 2023. Munich-based FinTech company Rubean AG, (Symbol: R1B:ETR, ISIN: DE0005120802, WKN: 512080), continues to expand its strong market position in the field of mobile payment receiving in Spain. Once again, Rubean has received a major order, in this case from the Spanish logistics company GLS (General Logistics Systems Spain S.A., Madrid). GLS will also use Rubean's GetPAYD software for COD deliveries in the future. Already on Monday, Rubean AG announced a leading postal service provider on the Iberian Peninsula as a customer with the same use case.

GLS Spain has more than 1,400 employees, 43 logistics hubs or branches. At the same time, customers can post their parcels at more than 5,800 locations at 600 agencies. Parcels are delivered by more than 4,500 vans and transported by 510 trucks. With Rubean's GetPAYD solution, the delivery person can conveniently and quickly accept card payments on the device on which the recipient acknowledges receipt of the goods. Complex cash payments, which are costly to operate, are replaced by card payments on devices already in use. "We can expect our GetPAYD to be used in around 200,000 deliveries a month," says Rubean CEO Dr. Hermann Geupel.

Together with our customer, the major Spanish 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 accelerate the Mastercard & Visa approvals of these and other projects, we 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 monthly recurring revenues resulting from this is accordingly postponed to the 4th quarter and accounts for the weaker revenues in the 1st and 2nd quarters of this year," Geupel continued. At the beginning of June this year, a three-year contract worth 1.5 million euros was concluded with BBVA itself.

 

About Rubean:

Rubean AG (Symbol: R1B, ISIN: DE0005120802, WKN: 512080), Munich, is a leading provider of pure software point-of-sale solutions for banks, acquirers and merchants. This includes the mobile softPOS solution called PhonePOS, which enables merchants to receive card payments directly on their smartphone without the need for another device. This solution is used by payment service providers, major banks, retailers and smaller merchants across Europe and is the only softPOS solution to support the girocard (ec card) in Germany. Rubean is listed on m:access as well as on most over-the-counter markets and XETRA.

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