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Rubean AG: Rubean AG stronger positioned with CCV suboperation

DGAP-News: Rubean AG / Key word(s): Miscellaneous Rubean AG: Rubean AG stronger positioned with CCV suboperation 30.11.2021 / 08:44 The issuer is solely responsible for the content of this announcement. Corporate News

Rubean AG stronger positioned with CCV suboperation

- Contribution of CCV's PhonePOS suboperation to Rubean AG via capital increase in kind has been completed

- Extensive cooperation to open up large markets
 

Munich, 30th of November 2021: The contribution of the "CCV PhonePOS" suboperation of the CCV GmbH to the fintech company Rubean AG, Munich, (ISIN: DE0005120802, WKN: 512080, R1B:GR) has been completed. The Munich Commercial Register Court has registered the transaction approved at Rubean's Annual General Meeting in August by way of a capital increase against contribution in kind. This will create an even stronger payment solutions provider. The suboperation, called "CCV PhonePOS", stands for the development of mobile payment solutions in Tap-to-Phone segment. With the contribution, CCV and Rubean combine the jointly developed PhonePOS solution with Rubean, which will grow strongly in the future. In the course of the non-cash capital increase, Rubean's share capital rises to 2.717 million euros.

CCV and Rubean had also concluded an extensive cooperation agreement, which includes the development, support and sales of PhonePOS. CCV will manage the sales activities of the PhonePOS software in Germany, Austria and Switzerland as well as in the Benelux countries, while Rubean will set up and be responsible for sales in the rest of Europe, North and South America as well as Asia, Oceania and Africa.

PhonePOS enables any merchant with an Android driven smartphone to download the PhonePOS app from the Google Play Store and instantly accept contactless card payments securely, cost-effectively and anywhere without having to buy or lease expensive hardware. PhonePOS is certified according to PCI-CPoC and therefore has unlimited approval worldwide.

In Germany, the Sparkassen-Finanzgruppe has already started to offer the PhonePOS solution nationwide under thebrand "Sparkasse-POS". Other major customers are the leading BBVA financial group in Spain and Latin America as well as the globally active payment service provider Global Payments from Atlanta/USA. Global Payments is already using PhonePOS in Hungary with exponentially growing success. The PhonePOS solution is aimed at both smaller retailers and tradesmen, as well as large chain stores on a project basis, which can use PhonePOS as a queue busting solution, for example. Based on market research, considerable customer potential for PhonePOS has been identified throughout Europe, the USA and beyond.