Company Profile for LUUP
Company vision
Luup is a leader in the mobile payment industry, specialising in payment processing, the development of mobile payment applications and the hosting of stored value accounts for financial institutions.
The company vision is to build the world’s leading mobile payment network. To do this, we are collaborating with leading banks and financial institutions around the world and to offer mobile payment services to consumers and merchants.
The Luup Mobile Payment Network lets customers send money to friends and family or make payments to merchants, instantly. All they need is to be a customer of one of our partners and have a mobile phone.
History
2000 – Contopronto company established and registered in Norway
2002 – The Luup mobile payment solution is first launched under the Contopronto name. For the first three years the company focuses on product development.
2003 – Contopronto becomes the first company in Europe to receive the full European e-money licence.
2005 – Luup launches its new payment solution, branded Luup, in Norway.
2006 – Luup opens offices in the UK and Germany and starts testing the service in these markets.
2008 – Luup employs over 50 staff and has serviced over 100,000 customers throughout Europe. Having built a successful business proposition based on payment processing, mobile applications and stored value account hosting, Luup is now looking to achieve exponential growth by partnering with financial institutions around the world.
The National Bank of Abu Dhabi was the first to sign up to the Luup Mobile Payment Network, with a number of global tier one banks currently in negotiation.
2009 – Luup partners with Deutsche Bank to offer a cross border mobile payments service to it’s banking and corporate customers.
