Opendata, web and dolomites

Paybon

Paybon - disrupting the massive global meal voucher market with a smartphone delivery system

Total Cost €

0

EC-Contrib. €

0

Partnership

0

Views

0

 Paybon project word cloud

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

redeemed    digitally    budgetary    rate    launching    sme    feasibility    automated    efficiencies    patentable    expiration    unredeemed    changeless    expire    providers    private    company    social    commercial    paybon    improves    competitive    dominated    boost    ip       round    time    annually    environmental    smartphones    edenred    opportunity    physical    30    money    proposing    impacts    employees    employee    simply    local    paper    disadvantages    proprietary    launch    approximately    solutions    ict    competitors    accounting    created    allocated    employers    portions    distributed    charged    potentially    larger    web       disrupt    internal    point    positive    payment    sodexo    viability    programs    utilize    voucher    59    issued    enormous    billion    reduces    vouchers    meal    benefit    100    redemption    savings    standard    waste    restaurants    innovation    prove    clearance    digital    convenience    losing    infrastructure    smartphone    form    eliminating    phone    fees    50    austrian    worldwide    verification    creates    20    market    attracts    instead    transaction    sale    global    date   

Project "Paybon" data sheet

The following table provides information about the project.

Coordinator
PAYBON GMBH 

Organization address
address: SEIDENGASSE 42/17
city: WIEN
postcode: 1070
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 Austria [AT]
 Project website http://www.paybon.com
 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    PAYBON GMBH AT (WIEN) coordinator 50˙000.00

Map

 Project objective

Meal vouchers have become a common part of employee benefit programs, growing to a €59 billion worldwide market annually. To date this market has been dominated by two global providers, Sodexo and Edenred, accounting for approximately 30% of the market each, as well as internal proprietary company solutions and some local providers. Most of the vouchers are still issued in paper form with its numerous disadvantages. The rise of smartphone technology and digital payment systems has created an enormous opportunity to disrupt the meal voucher market. Paybon GmbH, an Austrian-based ICT SME, is exploiting these trends by launching a fully-automated smartphone-based voucher system that boost efficiencies, reduces costs, and creates positive social and environmental impacts. Vouchers can be simply generated by employers and distributed to employees via an web application, and can be redeemed digitally at the point of sale with their smartphones. It is the web-based infrastructure that allows real-time voucher redemption, verification and clearance from phone to phone that is the real and potentially patentable state-of-the-art innovation behind Paybon. As well as convenience, Paybon improves on current solutions by bringing value for money. Paybon attracts employers by proposing up to 50% savings on transaction fees compared to competitive solutions, as well as eliminating budgetary waste from the estimated 10-20% of physical vouchers that expire or are unredeemed. Employees benefit as they can utilize 100% of their allocated voucher, instead of losing portions to changeless systems or through expiration. And restaurants benefit as they are charged just 2-4% transaction fees, compared to the main competitors’ standard 5% rate. Paybon now seeks to launch a feasibility study prove commercial viability and IP potential, enabling it to raise a larger private funding round and take the product to market for widespread application.

Are you the coordinator (or a participant) of this project? Plaese send me more information about the "PAYBON" project.

For instance: the website url (it has not provided by EU-opendata yet), the logo, a more detailed description of the project (in plain text as a rtf file or a word file), some pictures (as picture files, not embedded into any word file), twitter account, linkedin page, etc.

Send me an  email (fabio@fabiodisconzi.com) and I put them in your project's page as son as possible.

Thanks. And then put a link of this page into your project's website.

The information about "PAYBON" are provided by the European Opendata Portal: CORDIS opendata.

More projects from the same programme (H2020-EU.2.1.1.;H2020-EU.2.3.1.)

REALM (2015)

A disruptive method to free physicians from Hospital Information Systems by generating fault free patient diagnostic documents in real-time using natural language

Read More  

SOFT (2017)

SOFT, the first camera-based colorectal cancer screening test to detect occult blood in faeces immediately and with no lab analysis.

Read More  

Meshporto_smeIns1_2 (2018)

PsstMenu allows customers to place orders directly from home or restaurant tables using only a smartphone.

Read More