RUBEAN receives an order from BBVA Bank to pilot a mobile payment solution

20. August 2020 – München and Madrid : The FinTech company RUBEAN AG, Munich, (ISIN: DE0005120802, WKN: 512080, R1B:GR) has received an order from BBVA. Group (NYSE: BBVA), Bilbao, Spain's second largest bank and one of the leading Banks in Latin America and the USA. Integration of a PhonePOS solution into an existing retailer app, see above that merchant customers of the banking group card payments directly on their Android smartphones without additional hardware. The process should this year as part of a pilot project with up to 2000 dealers in Start Spain.

With PhonePOS, Rubean offers a cost-effective option for smaller retailers and Organizations to accept cashless payments with ease. The retailer's smartphone or tablet becomes a POS terminal, which accepts contactless card payments everywhere. Merchants no longer need additional hardware that they previously bought or rented. The company regards the project with the BBVA as an important one Milestone in corporate development.

PhonePOS has already been piloted by the two leading Credit card organizations Mastercard and VISA carried out. Contactless payment is gaining in importance worldwide.

About Rubean

RUBEAN AG is an established software manufacturer in the financial sector for 20 years. The company offers software solutions for smooth communication with peripheral devices in bank branches. Rubean is now growing with the development and marketing of the innovative mobile phone PhonePOS, which RUBEAN developed together with its partner CCV. Since April 2020, Rubean has been listed in m:access premium, the segment on the Munich Stock Exchange under the abbreviation R1B.