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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.

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

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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