Country: Luxembourg
Year: 2012
Concept
- Digicash is a spin-off of Mpulse,
- Via mobile app, the company enables payments via QR codes in Luxemburg and soon in Belgium
- Digicash product works for money transfers, bills, shops and internet payments
- For in shop payments, the company provides a small electronic terminal to display QR codes
- In Luxembourg, Digicash has partnerships with major banks including BNP, Post, and BCEE in order to facilitate use for their clients
- Free of “use” and “transaction” fees
Consumer Benefits
- Fast: enables payments in just 3 clicks and doesn’t require users to affiliate a credit/debit card
- Multi-use: Digicash works for payments and money transfers between individuals
- Security: payments confirmation via fingerprint
How It Works
- Users have to download the app from Digicash and be clients from participating partner banks
- Once a company allows QR code payments, consumers just have to open their app and flash the code