Objective
With VIMpay petaFuel aims to develop a mobile based payment solution to a stage that it is ready for European market
entry. The product will enable all smart phone users to participate in cashless payments, consolidating both card based
payments (contactless as well as contactbased) and SEPA payments. The main USPs of the products are (1) that it enables
users to do payments without the need for a bank account and (2) does so in a secure and convenient way without (3)
requiring additional payment infrastructure, i.e. it is based on open and already established standards.
petaFuel -together with third parties- has already established a sophisticated payment infrastructure and corresponding
business processes and brought demonstrators and proof-of-concepts into the market. Within this project these processes
and infrastructures are extended and integrated to provide a mobile based payment solution that ideally caters for all
payment needs of end customers in the European SEPA region.
This project does fit the call objectives by setting up a universal solution that enables smartphone users in the whole SEPA
payment area to participate in online cashless payments. Furthermore VIMpay will be disruptive to the classic banking
models for private customers as VIMpay will provide a bank-independent payment solution and therefore does cater for
unbanked customers as well as banked customers in Europe. The aim of VIMpay is to provide a one-fits-all solution for
payments consolidating technologies and standards.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: https://op.europa.eu/en/web/eu-vocabularies/euroscivoc.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: https://op.europa.eu/en/web/eu-vocabularies/euroscivoc.
- engineering and technology electrical engineering, electronic engineering, information engineering information engineering telecommunications mobile phones
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Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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H2020-EU.2.1.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies - Information and Communication Technologies (ICT)
MAIN PROGRAMME
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H2020-EU.2.3.1. - Mainstreaming SME support, especially through a dedicated instrument
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Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
SME-2 - SME instrument phase 2
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) H2020-SMEInst-2014-2015
See all projects funded under this callCoordinator
Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
85354 FREISING
Germany
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.