Sports Make You Mobile: DOSB German Sport ID Cooperates With Yapital

Sports Make You Mobile: DOSB German Sport ID Cooperates With Yapital

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 Lohmueller, 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 
        5 Rue Eugene Ruppert 
        L-2453 Luxembourg

         

     

    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:

         
        Homepage: http://www.yapital.com

         
        Blog: http://www.yapital.com/blog/en

         
        Twitter: http://www.twitter.com/yapital

         
        Facebook: http://www.facebook.com/yapital

         

     

       
         
        Contact  

         
        Martin Zander 
        Yapital Financial AG 
        Tel.: +352-203-10-111 
        Email: press@yapital.com

         

     

    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.

Yapital Financial AG