Digicash is the Luxembourg mobile payment network. In order to carry out Digicash payments, customers use the smartphone apps offered by their bank. The Post Digicash app is available for Android and iOS mobile phones and can now be downloaded free of charge from the App Store and Google Play. This app allows CCP clients to make payments to retailers affiliated with the Digicash network, whether for making purchases at a point of sale, paying bills or making e-commerce payments. Comfort and security are the cornerstones of this product: payment is carried out in a matter of seconds, all data exchanges are encrypted and each transaction is confirmed by the payer through their own PIN code.

From now on, the activation of this product can be carried out directly via the CCP Connect internet banking portal. Using a computer and a compatible smartphone, all clients with a CCP Connect account can download the "Post Digicash" app, activate it by linking it directly to one or more CCP accounts and use it immediately to make payments. Once payment has been authorised by the client, it is directly debited from their current account. The default debit limit is set at €2,500 per transaction and per week, but this can be changed by the client via the CCP Connect portal. In this way, the client benefits from maximum ease of use, without having to open a new digital cash or prepaid account.

"We were won over by the Digicash approach, because it offers obvious advantages to our CCP clients", says François Sauber, head of the CCP department at P&T. "As one of the leaders in payment solutions on the Luxembourg market, the decision to offer Digicash mobile payments to our clients was a logical one. Post Digicash, as part of our strategy for diversifying our product range and our services associated to CCP accounts, illustrates our efforts to innovate in this area. »
The Digicash product was developed by DigicashPayments S.A., a Luxembourg company founded in May 2012 that operates as a payment institution under the supervision of the CSSF. In addition to the apps and the technical platform, the company also manages the transaction network for Digicash payments, made up of hundreds of points of sale spread across the country. Well-known firms such as Cora, LALUX, Sales-Lents, Bâtiself and of course P&T's post offices, have already adopted the new payment solution. The market's interest in this solution is growing with other large retailers within Luxembourg, as well as other companies, making the transition towards accepting Digicash payments in the coming months.

"After approval by the banks, the next big step in launching any new payment solution is to extend the transaction network", explains Raoul Mulheims, Managing Director of Digicash. "These are absolutely essential. However, once they have been put in place, the decisive factors for success are user confidence in the banking product, the link to the current account and the product's proven ease of use. If these criteria are met, the product will definitely meet with wide success among consumers and be used on a large scale. In fact, the number of customers at our partner banks that have begun to use this payment method has vastly exceeded our expectations, meaning that public interest is high indeed." he added.

With its Digicash solution, Luxembourg is at the forefront of technological developments in payment methods. Digicash is in fact the first multi-bank mobile payment solution in Europe to provide direct access to accounts and to be available on a large-scale basis across an entire national market.