DGAP-News

PEACHES AG: Yapital also represented in the Peaches Group online payment mix

DGAP-News: PEACHES AG / Key word(s): Alliance/Product Launch
PEACHES AG: Yapital also represented in the Peaches Group online
payment mix

11.06.2013 / 14:00

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Soon prelado customers will be able to top up their prepaid mobile phones
by using the new cross-channel payment provider Yapital

WIESBADEN, June 11, 2013 -- A few weeks before its launch,
Yapital, the first European cross-channel payment provider, has announced a
cooperation with the Peaches Group. This allows Yapital, a wholly owned
subsidiary of the Otto Group, to gain access to another interesting market:
the prepaid-service platform prelado of the Peaches Group located in
Wiesbaden enables customers of over 20 German mobile phone providers to
display their prepaid balance free of charge and to top it up online in
real time.

The service, which allows for the quick and easy top-up of prepaid mobile
phone credit via app, mobile web, and internet has been available in
Germany since November, 2012. Through the integration of Yapital, which is
planned to take place in the near future, prelado will gain a new,
innovative payment method for its online payment mix. In future, prelado
customers will be able to quickly, easily and securely top up their credit
using Yapital.

'Integration with such an innovative service as prelado has the potential
to open up a very interesting new customer base for Yapital', explains Nils
Winkler, Chairman of the Board of Yapital. 'With this, we have gained
another important partner for our first real European cross-channel payment
solution.'

'Here at Peaches, we are always focused on the benefits for our users - and
this is the same for Yapital. This makes Yapital the perfect addition to
our online payment mix'', adds Reinhold M. Sigler, Chief Executive Officer
of the Peaches Group (PEACHES mobile GmbH, PEACHES Systems GmbH, REA MOBILE
GmbH). Andreas Schulz, SVP Sales & Payments of the Peaches Group, adds: 'We
want to make it as easy as possible for our customers to top up their
prepaid mobile phone credits. With Yapital, we can offer them an
additional, particularly straightforward way to do this. Therefore we will
gradually expand our cooperation, also beyond the German market.'

About the Peaches Group
The core competencies of the Peaches Group group of companies can be
subdivided into two different segments: Payment & Prepaid Services.
The Group has real mobile payment experience and positions itself as an
independent mobile payment acquirer with its own mobile payment technology
platform. Moreover, Peaches acts as a reseller (PSP payment service