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i-movo

International productisation of a disruptive digital vouchering technology

Total Cost €

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EC-Contrib. €

0

Partnership

0

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 i-movo project word cloud

Explore the words cloud of the i-movo project. It provides you a very rough idea of what is the project "i-movo" about.

17    scheme    loyalty    transactions    markets    international    instant    movo    offers    promotional    date    months    promptly    market    anywhere    convenient    time    brand    managed    consumers    cards    prevent    outlets    fraud    vouchers    software    accomplishing    adapt    270    feedback    last    previously    world    350    risk    reward    worth    members    commercialise    paid    understand    processed    standard    customers    companies    digital    campaign    sme    mobile    sometimes    million    barrier    retail    validated    messages    operators    payments    removed    retailers    format    viral    wait    hardware    publishers    owners    spread    seeking    industry    prone    campaigns    distributed    limit    services    phones    fintech    century    protect    remaining    62    integration    give    disruptive    technology    email    payment    readers    overcome    accept    uses    financial    stakeholders    1500    valuable    issuer    paper    vouchering    secure    barriers    solution    cash    send    slow   

Project "i-movo" data sheet

The following table provides information about the project.

Coordinator
I-MOVO LIMITED 

Organization address
address: STUDIO 518, THE METAL BOX FACTORY, 30 GREAT GUILDF
city: LONDON
postcode: SE1 0HS
website: n.a.

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.

 Coordinator Country United Kingdom [UK]
 Total cost 71˙429 €
 EC max contribution 50˙000 € (70%)
 Programme 1. H2020-EU.2.1.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies - Information and Communication Technologies (ICT))
2. H2020-EU.2.3.1. (Mainstreaming SME support, especially through a dedicated instrument)
 Code Call H2020-SMEINST-1-2016-2017
 Funding Scheme SME-1
 Starting year 2016
 Duration (year-month-day) from 2016-08-01   to  2017-01-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    I-MOVO LIMITED UK (LONDON) coordinator 50˙000.00

Map

 Project objective

i-movo are a fintech SME, seeking funding to commercialise a disruptive vouchering technology. Our technology seeks to solve problems for consumer-facing companies such as publishers, brand-owners, retailers and loyalty scheme operators. They need to send valuable offers, reward vouchers or make cash-payments to their readers, consumers, customers or members. Previously, they may have used paper vouchers, a century-old means of accomplishing this. These are prone to fraud and slow to process, meaning retailers who accept them must wait, sometimes over many months to be paid. Our technical solution- Secure Digital Vouchers- are a new financial services industry payment method that can be distributed using any digital format such as mobile phones, email or payment cards. They are validated in real-time to limit or prevent over-use, fraud or viral spread and give instant feedback on the success of any campaign or activity. They are more convenient for consumers, protect the financial risk of the issuer and ensure retailers get paid promptly. We have removed the last remaining technical barrier in the development of this market by developing a method of retail integration that requires no new software or hardware. The i-movo method uses Industry Standard payment messages so the system can be implemented anywhere in the world. To date, we have processed over 17 million transactions, worth over €350 million at over 62,000 retail outlets. We have managed over 1500 promotional and payment campaigns for over 270 customers. We now need to understand international markets better, in terms of stakeholders we must work with, barriers we must overcome and how best to adapt our technology for new applications.

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The information about "I-MOVO" are provided by the European Opendata Portal: CORDIS opendata.

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