- Stocard already counts 3 million users in the UK, and will build a local team out of London
- Global user base is growing by more than a million users month on month
- Europe’s largest mobile wallet saves users an estimated 2 Billion euros globally in 2019
Stocard lets users store all their loyalty cards in one place – on their smartphones. With fifty million global users, Stocard is the leading European mobile wallet app and combines smart technology with a maximum of usability.
A simple scan feature lets users scan every card and add it digitally to the app. Moreover, targeted offers from retailers can be received by the users. In order to implement a complete mobile wallet, the new feature allows users to pay directly with the app, thanks to a virtual Mastercard.
Stocard was founded in May 2011 in Mannheim, Germany, where it is still based. They have since opened international offices in Australia, Italy, France, Benelux and now the UK.
Payments through the Stocard mobile app are accepted everywhere with just a tap of the phone on the terminal, without the need to touch the pin pad – much faster and safer, and therefore more relevant than ever in the current context.
The sign-up only takes a minute and is completely digital, with no paperwork required. Just like with their loyalty cards, users will now be able to add their bank cards to the Stocard app and select which one they want to fund their wallet with. To make it even easier, and unlike most apps on the market, Stocard’s proprietary NFC technology is embedded within the app.
Users are not charged a foreign exchange fee, significantly saving when making payments abroad. With this new smooth mobile payment feature, Stocard keeps on transforming in-store shopping into a beautiful digital experience thanks to loyalty programs from over 5.000 retailers, couponing and payment all in one place.
With partners regularly offering promotions of 10% or higher, Stocard allows its users to save more than any other app or platform, which is why 50 Million people use it for their day-to-day shopping. Assuming a saving of 5% per purchase between the weekly offers, coupons, and loyalty cards, Stocard customers spared 2 Billion euros globally in 2019.
Stocard is a unique player in the European market. The payment feature unlocks the app’s full potential: bringing financial services and shopping together in one place. Beyond payments, the app wants to help shape the future of how consumers shop and access financial services.
Stocard firmly believes that digitization doesn’t stop at banks, and that the shift in consumer behaviors and expectations will lead the way for simpler, on-the-go financial services.
“We are delighted to officially launch in the UK, where several million users are already on the Stocard app for their daily shopping. The UK is the third-largest M-Commerce market in the world behind China and the USA, with almost 56bn euros transacted in annually. Stocard wants to cater to the entire shopping process, from discovery, to purchase decision, to a transaction. We’re delighted to facilitate this experience to more individuals in the UK.”says Marco Grossi, Stocard VP of Sales, who joined Stocard from Facebook earlier this year
In the long run, Stocard wants to offer more financial products such as Point Of Sale lending (buy now, pay later), cashback, savings, allowing consumers to access them where it’s easiest and most convenient – all within their digital wallet. The company will offer these services at much better terms than banks by leveraging their existing relationship with the biggest and leading retailers across Europe.
“The launch of our mobile payment feature is a major step for Stocard globally. As our wallets are moving to our mobile phones, the digital wallet is becoming the central hub in our lives for anything around money, shopping, and banking. The future of retail and of banking will look way more similar to what we are already seeing in Asia with the likes of Alipay rather than what European banks are currently doing. This consolidation of shopping, payments and financial services in the digital wallet will happen in Europe as well. We are working closely with our retail partners to shape this future.”says Björn Goß, Founder and CEO
Stocard counts 50 Million customers predominantly located in Germany, the UK, France, Italy, the Netherlands, Belgium, Austria, Switzerland, Australia and Canada. Last year, shoppers made 1.7 Billion purchases with the app, spending close to €40 Billion annually. Users can add all their loyalty cards within the app (over 500 Million plastic cards have been digitized), discover good deals at their favourite retailers, search for and activate coupons, which are applied automatically at the checkout with just one click, and see their transactions and points balance in real-time.
Stocard is the European wallet among global players. The company raised $20 million from Macquarie Capital in 2018 and operates in the UK, Germany, Italy, France, the Benelux countries and Australia.