After installing the system, the web shops customers can pay with their smartphone by scanning a QR code with their Yapital app and confirming the purchase. Alternatively, they can also pay by entering their Yapital user name and password.
Yapital is an European cashless cross-channel payment service across all channels including stationary, mobile and online as well as via invoice. Yapital was founded in 2011 as a wholly-owned subsidiary of the Otto-Group. Yapital is licensed as an electronic money institution in Luxembourg.
In recent news, Yapital has entered a collaboration with retail- and travel group REWE to provide a mobile payment service to Germany-based customers.
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