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NETinfoPAY

NETinfoPAY: a world of finance in your pocket

Total Cost €

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EC-Contrib. €

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Partnership

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Project "NETinfoPAY" data sheet

The following table provides information about the project.

Coordinator
NETINFO PLC 

Organization address
address: 23 AGLANTZIAS AVENUE, NETINFO BUILDING
city: NICOSIA
postcode: 2108
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 Cyprus [CY]
 Project website https://netinfopay.eu/
 Total cost 71˙429 €
 EC max contribution 50˙000 € (70%)
 Programme 1. H2020-EU.3. (PRIORITY 'Societal challenges)
2. H2020-EU.2.3. (INDUSTRIAL LEADERSHIP - Innovation In SMEs)
3. H2020-EU.2.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies)
 Code Call H2020-SMEInst-2018-2020-1
 Funding Scheme SME-1
 Starting year 2018
 Duration (year-month-day) from 2018-06-01   to  2018-11-30

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    NETINFO PLC CY (NICOSIA) coordinator 50˙000.00

Map

 Project objective

The NETinfoPAY is an all-inclusive payment system which will supply the EU and global markets with a reliable tool to allow for all types of transactions at various POS; a reliable mobile wallet/platform which will allow users to transact on a fast, easy-to-use, reliable, convenient, and secure way using their mobile phone, anytime from everywhere even when a mobile phone is in offline/airplane mode. The NETinfoPAY platform is developed with market state-of-the-art tools and adapted to international banking practices, providing the MFS users with a secure, user-friendly and powerful tool for mobile financial services. Currently the payments market is dominated by Banks hence NETinfo recognizes that significant areas of the mobile payments market, in particular card, internet and mobile payments, remain fragmented along national borders despite the European Union aspiring to an open, borderless market. Mobile financial services have been a target of development and investment for the last fifteen years. After a number of mostly ‘short lived’ attempts at kick-starting this promising channel by various players in the financial services industry, mobile financial services (MFS) are now attracting immense renewed interest. The introduction of an open unified digital mobile payments platform bringing together new and existing payment and banking processes as a means of offering the innovative digital products and services that are critical to retaining and attracting customers in an increasingly competitive market is imperative. Mobile payments market present currently a huge market opportunity and it is clear that keeping up with technological change is key to sustaining a long-term business model. In this sense, the aim of the proposed feasibility study is to confirm the business viability of the NETinfoPAY project and compose a detailed business plan to help with the solution's succesful commercialisation.

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

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