SEPA in your pocket – development of a mobile payment solution based on a disruptive SEPA (Single Euro Payments Area) Credit Transfer approach for banks and the payment industry.

Project Information

DGC

Grant agreement ID: 674161

DOI 10.3030/674161

Closed project

EC signature date 5 May 2015

Start date 1 June 2015

End date 30 November 2015

Funded under

• INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies - Information and Communication Technologies (ICT)

Total cost € 71 429,00

EU contribution € 50 000,00

Coordinated by

DIGICASH PAYMENTS SA
Luxembourg

Objective

By empowering European banks and other payment specialists, Digicash Payments is providing the technology to truly revolutionise payment and shopping experiences: a direct link with the bank is now available directly on the consumer’s smartphone or virtually in their pocket. By triggering SEPA Credit Transfers, the Digicash solution serves as a technological channel between the end user (buyer/seller) and its primary source of financing providing an easy means to handle payments via a mobile device.

Being a bank-centric product in a highly competitive market, Digicash aims to impose the most efficient m-payment model on the European market together with banks. Digicash provides leading-edge technology by commercialising a white-label solution based on SEPA Credit Transfers that is entirely customisable, for both design and functionality.

The solution allows banks to offer additional banking services and enhance their relationship with their clients offering bank-grade security and compliance levels. Thus, Digicash enables them to offer 1/ consumers a convenient, secure and trustworthy payment solution with enhanced value-adding services and incentives, and 2/ merchants a true added value, speeding up their point of sale processes, enhancing the sales experience by integrating features, and reducing merchant commissions based on a less costly infrastructure. For banks, this is a real opportunity to drive innovation in a changing consumer-driven environment.

Digicash Payments aims at becoming a leading European premium payment technology provider for the financial industry based on the launch of a product suiting the specific needs of European banks. The main mission of the feasibility study intended to be undertaken under Phase 1 will be to create an exhaustive business plan within the next 6 months to prepare this internationalisation.

Fields of science

• social sciences › economics and business › business and management › business models
• engineering and technology › electrical engineering, electronic engineering, information engineering › information engineering › telecommunications › mobile phones

Programme(s)

• H2020-EU.2.1.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies - Information and Communication Technologies (ICT) Main Programme
• H2020-EU.2.3.1. - Mainstreaming SME support, especially through a dedicated instrument

Topic(s)

• ICT-37-2014-1 - Open Disruptive Innovation Scheme (implemented through the SME instrument)

Call for proposal

H2020-SMEInst-2014-2015

See other projects for this call

Sub call

H2020-SMEINST-1-2014

Funding Scheme

SME-1 - SME instrument phase 1

Coordinator

DIGICASH PAYMENTS SA

• Net EU contribution: € 50 000,00
• Address: 7 rue jean fischbach ; 3372 Leudelange ; Luxembourg
• SME The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed. Yes:
  Region
  Luxembourg › Luxembourg › Luxembourg
• Region: Luxembourg › Luxembourg › Luxembourg
• Activity type: Private for-profit entities (excluding Higher or Secondary Education Establishments)
• Other funding: € 21 429,00