Major Spanish bank BBVA extends contract with Rubean AG

Munich, June 13, 2023. FinTech company Rubean AG, (Symbol: R1B:ETR, ISIN: DE0005120802, WKN: 512080), Munich, concludes a three-year contract worth 1.5 million euros with the major Spanish bank Banco Bilbao Vizcaya Argentaria (Symbol BBVA:BM), Madrid.

Rubean has a unique selling point in Spain for purely software-based card acceptance terminals (softPOS) in that Rubean is the only softPOS provider connected to the national payment gateway Redsys. Rubean estimates that BBVA's connected customers offer a market potential of several hundred thousand users. Beyond the new contract, even significantly higher revenues can thus 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. Over its long history, Rubean has developed innovative software for the payments, finance and banking industries. This includes the mobile POS solution Phone-POS, which enables merchants to receive card payments directly on their smart phones without the need for another device. This solution is now being used by payment service providers, major banks, retailers and smaller merchants across Europe, now that the pilot phase for the product launch has largely been completed. In addition to its headquarters in Munich, Rubean has several locations in Germany and Europe. Rubean is listed on m:access as well as on most over-the-counter markets and XETRA.