A few weeks prior to the launch of its first European cross-channel payment system, Yapital announced that it will also be collaborating with POS systems company POSPartner to integrate the new payment solution at the point of sale. The innovative software provider, based in Königswinter, has been a valued partner, providing specialist solutions to medium-sized and large retailers for two decades. The expertise and excellent customer structure of the owner-managed company will enable Yapital, a wholly owned subsidiary of the Otto Group, to introduce mobile payment across the board.
For retailers and end customers, the integration of the new payment method into daily business is straightforward: POSPartner can install the necessary software (POSCard-YAP) onto its customers’ POS systems very quickly – customers such as Görtz and Sportscheck, for example. Yapital thus fits seamlessly into the existing infrastructure at the store’s cash desk: with the help of POSPartner software, a QR code is shown on the display of the retailer’s card terminal. Yapital users scan the code with their smartphone and trigger the payment process with a single click. This optical non-contact procedure sets new standards in the field of payment processing – with regard to security as well as processing speed.
“We have made a name for ourselves with innovative solutions for the point of sale. Therefore, with the launch of such a crucial innovation such as the first genuine cross-channel payment system in Europe, we wanted to be on board right from the beginning,” explained Peter Reich, Managing Director of POSPartner. “With Yapital, we are offering our customers the opportunity to introduce a truly pioneering new payment procedure within their branches: a payment method well-suited to the impulse to buy, which functions simply, quickly and securely across all channels – including at the cash register.”
“With POSPartner, we have managed to acquire another exceptional partner for Yapital,” Nils Winkler, Chairman of the Board of Yapital was pleased to report. “Together we are sending a clear signal to the market: with Yapital, the comprehensive cross-channel payment has arrived. And there is one thing we are particularly excited about: the fact that POSPartner operates internationally makes it the ideal partner for establishing Yapital in Europe.”
About Yapital Financial AG
Yapital is the first European, cashless cross-channel payment solution that functions across all channels: stationary, mobile, online and by invoice. Operation is simple, quick and secure: following online registration, the user can immediately make payments, send and receive money with Yapital, across all channels.
For business customers, Yapital is a guaranteed means of payment – this provides process security and reduces administrative costs. In addition, Yapital seamlessly covers all trade and service channels, thus enabling marketing channels to be converted into sales channels. Business customers can therefore not only reduce costs with Yapital, but can also simultaneously open up new revenue potential.
Yapital was established in 2011 as a wholly owned subsidiary of the Otto Group. Yapital Financial AG is licensed in Luxembourg as an e-money institution.