Reuben Brothers have an investment in Luup – the banking-grade solution for sending and receiving payments through your mobile phone or online. Luup gives customers access to cost-saving and new revenue-generating business models and mobile money services, such as branchless banking, corporate payments, payroll solutions and money transfers. Luup has devised mobile payments solutions for financial institutions such as Deutsche Bank Global Transaction Banking and the National Bank of Abu Dhabi. Luup is also creating a global remittance and payments gateway, enabling its customers to expand their business reach quickly and easily. Luup recently announced its partnership with ITC Ltd. in Bangladesh as well as Oxigen, India's first and largest single point recharge, bill payments, ticketing and kiosk banking service provider. The tie-up between Oxigen and Luup is the first of its kind in the world, promoting cost-effective and seamless branchless banking, cross-border as well as domestic remittances and airtime top-up through banking channels – all enabled by Luup via a mobile handset.
In December 2011 Luup won the Financial i award for Mobile Corporate Banking at the Leaders in Innovation Awards, 2011. The award, based largely on research conducted by independent analysts, journalists and industry practitioners, marks another major step for the company and illustrates the recognition Luup is being given by the Payments Industry.
http://www.luup.com