Yapital – Mobile Payment by Otto Group

Role: Interim CPO: Product & Customer Services teams in Hamburg, Kiev, and Luxemburg

Yapital was the first European, mobile payment solution, customers could make cashless payments across all channels, whether it be in-store, mobile, online or by invoice.

Founded in 2011 as a wholly-owned subsidiary of the Otto Group, Yapital launched its new mobile payment service in 2013. Following a one-time registration via smartphone or web browser, Yapital was ready for immediate use. In addition to making payments, consumers could send and receive money within seconds. Yapital was licensed as an Electronic Money Institution in Luxembourg and therefore complied with strict legal and regulatory requirements. Payments with Yapital were transferred in real-time, leading to process reliability and a reduction in administrative costs for business partners. Yapital seamlessly integrated all retail and service channels, converting marketing channels into actual sales channels.

Reference: CEO & Chairman of the Board, Yapital Mobile Payment

Axel has both incredible industry vision and the ability to execute on this vision. He also poses the ability to open doors and quickly make key connections. – I highly recommend him for his professional and personal skills. Further, he is a very pleasant and reliable person to work with – I appreciate him on both levels. 

Nils Winkler, CEO and Chairman of the Board,  Yapital – 2014, December