Austria-based fintech Vipaso (Vienna Payment Solutions) has launched a new app called "ViennaPay". This application will be available at the open-air festival Donauinselfest in cooperation with Visa.

The company will support the festival from 23 to 25 June. ViennaPay is based on the independent mobile payment solution from Vipaso. According to the startup, the app should offer a method to buy food and drinks at the festival.

Vipaso wants to simplify payments at Donauinselfest According to a Vipaso representative, the motivation for developing an app for the festival, which has more than 2.5 million visitors, was to be able to offer a new dimension of secure mobile payment. The fintech wants visitors to enjoy the festival without having to worry about having their wallets or enough cash with them. With the app, users only have to add their preferred means of payment, and the payment can be made with a click on the screen.

ViennaPay consists of two apps, one for consumers and one for merchants. Two smartphones, or any other smart device, that are Bluetooth-enabled are required.  ViennaPay offers encrypted payments All catering stands at the Wien Energie/radio fm4/Radio Wien/HITRADIO Ö3 festival stage and the Bank Austria/radio 88.6 Rock stage should be compatible with the app. This means they can accept payments from all visitors who have downloaded the ViennaPay app.

All communication between the ViennaPay backend and the devices involved takes place on an encrypted basis. No transaction data is stored on the devices or exchanged directly by the smartphones involved. ViennaPay available free of charge in the Apple AppStore and Google PlayStore from the 12th of June 2023.

The Bluetooth-based technology in combination with a white-label approach should enable a secure payment process for retailers and guests alike.   Vipaso’s offers Vipaso offers an end-to-end independent Mobile Payment System. The horizon system consists of a merchant terminal app, a consumer app, and a horizon backend. It stands for a modern, independent, end-to-end mobile payment solution fully controlled by the stakeholders.

The solution is completely software-based and no terminal hardware is needed. It’s end-to-end, meaning that one solution covers and initiates the entire process and value chain. It’s scalable from the local solution to the countrywide coverage.

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