Yapital Opens Up For Partnerships With Banks

LUXEMBOURG, May 14, 2014 /PRNewswire/ --

"Yapital Partner Wallet" as a cooperation model has significant potential for all involved / Talks at an advanced stage

Based on its innovative offer, the European cross-channel payment system Yapital has developed a cooperation model for transaction banks. The company sees close cooperation with banks as having significant potential for all involved and therefore is looking for strategic partnerships with interested financial institutions in the short term. Related discussions are already at an advanced stage, says Nils Winkler, Chairman of the Board at Yapital. "We firmly believe in the advantages of such cooperation - it will have clear benefits for both sides. We want to be a team member, not an opponent."

The Yapital Partner Wallet for banks is simple as well as charming. With just a few clicks, the partner bank's customers can connect Yapital to their existing account. This account is then automatically used as a funding source for Yapital transactions. The close cooperation makes registering for Yapital much easier for the customer. For its part, the bank gets the chance to expand its classic offering for existing and new customers with a modern, innovative payment system in an uncomplicated way and without large investments - all the while remaining as first contact point for their customers.

"Banks can provide their customers with real additional value and assure that payments are fulfilled via their own products, for example their checking accounts. After all, it is these accounts that is used as funding source for Yapital transactions. Whenever customers pay with Yapital, they are still also customers of their house bank," Nils Winkler continues explaning. In addition, Yapital presents itself as a strong European partner that processes data under strict observance of European legal standards and exclusively on European servers. "Financial institutions like Yapital as well as transaction banks must especially keep an eye on the security needs of their customers and should not rely on overseas services," says Winkler.

Bank customers can continue to use all services of their bank in addition to the advantages of an innovative mobile payment system. Yapital itself profits from direct access to the customers of the partner banks. "That is the charming side of such partnerships. We really create win-win-win situations."

Press release issued by  

Yapital Financial AG

5 Rue Eugène Ruppert
L-2453 Luxembourg

About Yapital Financial AG  

Yapital is the first European, cashless cross-channel payment solution operating across all channels: in-store, mobile, online and by invoice. Operation is easy, fast 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 enables 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 electronic money institution.

More information on Yapital:

Homepage: http://www.yapital.com

Blog: http://www.yapital.info  

Twitter: http://www.twitter.com/yapital  

Facebook: http://www.facebook.com/yapital

Contact
Martin Zander
Yapital Financial AG
Tel.: +352-203-10-111
Email: press@yapital.com