Rubean AG lands major partnership with Global Payments in Germany

Rubean AG announces that it has won the Global Payments tender for Germany, in connection with the recent partnership between Commerzbank and Global Payments, named "Commerz Globalpay". This partnership involves Rubean providing its PhonePOS solution for SME customers of Commerzbank, enabling the use of phones as payment terminals.

The agreement provides for an attractive pricing plan, with a dual revenue model: a monthly fee per active terminal and a fixed fee per executed transaction. It is estimated that the use of PhonePOS by 100,000 Commerzbank SME customers will generate significant additional revenue for Rubean in the coming years.

The announcement of this strategic cooperation follows on from other important partnerships for Rubean, confirming the potential of its payment solution and its active deployment. Rubean's growth prospects are highlighted, with sales and earnings forecasts increasing for the coming fiscal years.

This major development led to an optimistic revision of the company's sales estimates, while remaining cautious. Rubean is rated a Buy with an upward revised price target.