BBVA the Spanish bank and Rubean AG, Munich (ISIN: DE0005120802, WKN: 512080), the German fintech company and leader in mobile payment acceptance for Android devices, signed a mutual reseller agreement for Rubean's GetPAYD service. The expanded partnership benefits both parties as well as enterprise customers in Spain. Rubean is now able to offer end-to-end contactless payment services to enterprise customers in Spain, thereby giving them the means to accepting contactless payments on Android-based smartphones and handheld devices at scale.

With this new mutual reseller agreement, the two companies build on their existing relationship through which BBVA has already been providing Rubean's software to enterprises all over Spain. Also, Rubean is already integrated into the Spanish payment system through Redsys. The new agreement with upgrades GetPAYD into an end-to-end service that covers the entire payment transaction chain from software-based cashless payment acceptance at the point of sale to settlement with the beneficiary.

As part of the agreement, BBVA is also becoming a reseller for GetPAYD which holds the potential of Rubean's service gaining a stronger foothold in the market in a shorter period of time.