Cashcloud releases its mobile eWallet

Mobile wallet solution

Cashcloud SA, a start-up venture in Luxembourg, has released its mobile eWallet, including a mobile payment system for the Apple iOS and Google Android operating systems.

The solution will be available in a number of European countries. Using the Beta version, users in Germany, Spain, France and the Netherlands will be able to settle their payments through mobile. The possibility of paying friends on Facebook has already been implemented – with Twitter and Google+ to follow soon.

Cashcloud provides its users with the possibility to choose a contact from their own mobile address books and to transfer the desired amount directly from Smartphone to Smartphone. The company will soon offer a contactless (NFC) payment sticker. By using this sticker, the smartphone user can pay cashless at acceptance point partners. All payment processes are linked to a prepaid account

“By means of the Cashcloud app we want to reach out to younger and innovative users within social networks, which up to now do not offer the possibility of mobile payment systems.” states Olaf Taupitz, Managing Director of Cashcloud SA. “It is the dawn of a new age. Traditional banks and payment providers which still focus on computer-based payment systems are way behind the latest user requirements.”

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