Yapital Also Represented in the Peaches Group Online Payment Mix

LUXEMBOURG, June 11, 2013 /PRNewswire/ --

Soon prelado customers will be able to top up their prepaid mobile phones by using the new cross-channel payment provider Yapital

A few weeks before its launch, Yapital, the first European cross-channel payment provider, has announced a cooperation with the Peaches Group. This allows Yapital, a wholly owned subsidiary of the Otto Group, to gain access to another interesting market: the prepaid-service platform prelado of the Peaches Group located in Wiesbaden enables customers of over 20 German mobile phone providers to display their prepaid balance free of charge and to top it up online in real time.

The service, which allows for the quick and easy top-up of prepaid mobile phone credit via app, mobile web, and internet has been available in Germany since November, 2012. Through the integration of Yapital, which is planned to take place in the near future, prelado will gain a new, innovative payment method for its online payment mix. In future, prelado customers will be able to quickly, easily and securely top up their credit using Yapital.

"Integration with such an innovative service as prelado has the potential to open up a very interesting new customer base for Yapital," explains Nils Winkler, Chairman of the Board of Yapital. "With this, we have gained another important partner for our first real European cross-channel payment solution."

"Here at Peaches, we are always focused on the benefits for our users - and this is the same for Yapital. This makes Yapital the perfect addition to our online payment mix," adds Reinhold M. Sigler, Chief Executive Officer of the Peaches Group (PEACHES mobile GmbH, PEACHES Systems GmbH, REA MOBILE GmbH). Andreas Schulz, SVP Sales & Payments of the Peaches Group, adds: "We want to make it as easy as possible for our customers to top up their prepaid mobile phone credits. With Yapital, we can offer them an additional, particularly straightforward way to do this. Therefore we will gradually expand our cooperation, also beyond the German market."

About Yapital Financial AG

Yapital is the first European, non-cash cross-channel payment solution across all channels: stationary, mobile, online, and via invoice. Using the service is easy, fast and secure: After online registration, the user can immediately make payments and send and receive money across all channels using Yapital.

For business customers, Yapital is a guaranteed method of payment - this provides process security and reduces administrative costs. Yapital also seamlessly covers all trade and service channels. This makes it possible to convert marketing channels to distribution channels. Using Yapital, business customers can not only reduce costs, but also simultaneously unlock new sales potential.

Yapital was founded as a wholly-owned subsidiary of the Otto Group in 2011. Yapital Financial AG is licensed in Luxembourg as an electronic money institution.

About the Peaches Group

The core competencies of the Peaches Group group of companies can be subdivided into two different segments: Payment & Prepaid Services.
The Group has real mobile payment experience and positions itself as an independent mobile payment acquirer with its own mobile payment technology platform. Moreover, Peaches acts as a reseller (PSP payment service provider) for the mobile payment systems "mpass" from Telecom, Vodafone and O2.

The Peaches Group operates as a provider of pre-paid top-up solutions. Using the brand prelado - prepaid anytime & anywhere, the Group located in Wiesbaden operates its own prepaid service platform. It provides users with a real time top-up service for prepaid mobile phones via app, mobile web and Internet. In addition, it is possible to display a free, vendor-neutral prepaid mobile credit balance via app (Android & iOS). PEACHES Mobile GmbH offers this prepaid service as a white-label solution to interested partners. The full service offering, inclusive of airtime and payment processing with payment guarantee, is run entirely within the CI/CD of the partner.

The Peaches Group includes the companies PEACHES Systems GmbH, PEACHES Mobile GmbH and REA MOBILE GmbH - Companies of PEACHES AG.

Press release published by

Yapital Financial AG
5 Rue Eugène Ruppert
L-2453 Luxembourg

Contact:
Martin Zander
Yapital Financial AG
Tel.: +352-203-10-111
E-mail: [email protected]

Contact:
Kristina Schaube
PEACHES AG
Tel.: +49-(0)-611-94-58-58-17
E-mail: [email protected]

SOURCE Yapital Financial AG