MEET MMEED - New Digital Payment Method for Youngsters

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Slovenian Start:Up is just about to offer to a global market a new disruptive digital payment method that will solve the nightmare of every youngster that is online shopping

"mmeed is the finalist in the Start:Up Challenge"

Today the new disruptive digital payment method for the youngsters was presented by a Slovenian Start:Up company. Solution is developed uniquely to solve one of the biggest problems that youngsters run across each time they want to buy something online: “How can I buy anything online if I do not have a credit card?” In other words, how can young people be the decision makers of what to buy and what not to buy, how can they be more independent and even in charge of their own expenses. The solution offers the youngsters an online shopping experience without their parents’ control. It aims to give young people an option of being responsible for their own shopping decisions. This revolutionary product’s name is mmeed.

In Slovenian capital Ljubljana, in the heart of Europe, the new disruptive digital payment method for youngsters has been presented today. Meet meed (http://www.mmeed.com), a solution that is developed uniquely to solve one of the biggest problems that youngsters run across each time they want to buy something online. Namely, because young people in their teens or early twenties don’t have regular incomes, the banks don’t approve them the right to own the credit card even if they do have the money on their banking account. So, always when paying the online bills, youngsters have to ask their parents for their credit card, which diminish youngsters’ scope of intimacy. Not fair, the youngsters say! And now the new Slovenian Start:Up came up with the solution that caters their needs – they developed an intuitive, easy-to-use digital payment method that allows the youngsters to bypass the usage of credit cards and pay the online bill directly from their banking account.

Payment method mmeed (http://www.mmeed.com) is upgraded with the elements of gamification which will enable not only a fast penetration among customers, but will also offer the innovative marketing tool for the merchants. With mmeed, online shops have a unique chance to increase their sales due to youngsters’ independency while shopping online and to lower their costs due to better liquidity. Because the safest security standards incorporated, with certain modifications mmeed will have the ability to be used in Government-to-Citizen segment also.

Start:Up mmeed (http://www.mmeed.com) is the finalist in the Start:Up Challenge that is organized by the successful Slovenian e-payments company Halcom (http://www.halcom.com), the pioneer and the leader of digital banking and electronic payments systems in the South-Eastern Europe. If mmeed wins the finals that will be held this Thursday in Ljubljana, the most known global online payment providers will get the niche, but extremely promising competitor.

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Jaka Kladnik
mmeed
+386 41200003
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Nataša Japelj
mmeed
00386 40 937 030
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