Rubean AG Enters South American Market

Munich-based fintech Rubean AG has marked its entry into the South American market. The company's PhonePOS payment solution is now operational at the United Nations Biodiversity Conference in Cali, Colombia. This move is facilitated through partnerships with global payment service provider RS2 and local partner Tpaga in Colombia.

The PhonePOS solution allows smartphones to accept card payments instantly and efficiently. This service is particularly beneficial for local retailers who are expecting thousands of conference attendees. Delegates from approximately 230 countries are participating in this conference under the theme "Peace with Nature," which aims to address biodiversity preservation.

This launch represents a significant milestone for Rubean, indicating potential for further global expansion of their pay-as-you-go payment solutions. The company is eyeing this entry as a stepping stone for wider adoption across different international markets.