LUXEMBOURG, September 18, 2015 /PRNewswire/ --
German Sport ID "Deutscher Sportausweis" chooses Yapital, Europe's first cross-channel payment solution, as mobile payment solution for club sports
Yapital conquers German club sports: First cross-channel payment solution to be established nationwide for mobile payments in German sports. Yapital has just concluded a cooperation agreement with the "Deutscher Sportausweis" (German Sport ID), the official initiative of the German Olympic Sports Confederation (DOSB), national sports associations and organizations that support club sports.
The agreement's medium-term goal is to enable clubs and associations around the country to accept Yapital payments. At the same time, club members will be made aware of the new possibility to pay by smartphone. In a first step, clubs with especially high memberships in North Rhine-Westphalia will be connected. Later, additional clubs throughout Germany will be able to use the benefits of the Yapital solution.
The advantages for sports clubs and associations are evident: The risks of cash payments, which are labour intensive and often lead to ambiguous accounting statements, are eliminated entirely - whether at the club house, in gastronomy, in the sale of tickets and tokens or in the settlement of fees. In addition, the problem of stolen cash can be reduced substantially. With Yapital, all transactions are secure and occur in real-time, and there are no setup costs or monthly fees for clubs and associations. The integration of Yapital is also very simple thanks to the Yapital Business App. The club athletes not only benefit from the free-of-charge, fast, easy and secure use of cross-channel payment at the club house and at local partners of the club. They can also use the "send money" feature to easily and quickly transfer money to family members, sports fellows and friends.
Stephan Penz, Managing Director of the Deutsche Sportausweis GmbH: "Yapital is the ideal payment solution for sport clubs. Sports are mobile: Most athletes always have their smartphones with them, not just for communication, but also for using sports apps that measure time, pulse and distance. However, since a wallet is inconvenient, the decision to offer our associations, clubs and their members a modern and innovative payment process was a logical one. The Yapital solution is pioneering and fulfils the highest privacy standards. We are also convinced that Yapital will bring true added value to club management."
Niels Lohmüller, Commercial Director at Yapital: "If you live mobile, you also want to pay mobile. Yapital is a perfect match for that, as it can be used not only at the clubs, but as an open system also in point-of-sales and online retail. We are therefore delighted about this cooperation."
Press release issued by
Yapital Financial AG
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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.
Payments with Yapital are transferred in real-time, leading to process reliability and a reduction in administrative costs for business partners. 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 Electronic Money Institution.
More information on Yapital:
Yapital Financial AG
About the Deutsche Sportausweis GmbH
The Deutsche Sportausweis GmbH is the exclusive operator of the "DOSB German Sport ID", the official national ID card system of the German Olympic Sports Confederation, national sports federations and associations. The system will gradually serve the 1,400 sports associations, 90,000 sport clubs, around 20 million members and the associated facilities and venues. Unique 16-digit sport ID numbers will simplify management and organization processes in sport clubs and between clubs and associations. In addition, the sport ID or sport ID number will provide access to benefits by integrated licensed partners of the sport ID, associations and clubs, as well as to performing transactions via the Yapital cross-channel payment solution in the future.
SOURCE Yapital Financial AG