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Fintech Files is powered by our partner AWS AWS

Visit the AWS Startup Loft to register for the latest events, get free 1:1 support from AWS experts and discover more resources.

Mooncard, Visa, and Belgian scale-up Loyaltek Group partner to process the first digital payment in space

Vishal Singh by Vishal Singh
October 12, 2021
in Fintech Files by AWS, News, Promoted content
Loyaltek

Image credit: Mooncard

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Brussels-based Loyaltek Group, a company with deep expertise in the field of electronic terminals, payment, and loyalty cards, along with partners Mooncard and Visa has taken a giant leap for fintechs. 

Orchestrated by Mooncard CEO Tristan Leteurte, a Loyaltek Group terminal was launched into space where it received and processed a €45 transaction to independent hotel Saint-Sauveur Hotel (Blankenberge, BE).

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Three of Loyaltek’s companies – Paynovate, LoyalPay, and Fintronik – were part of this space mission.

Mooncard is a corporate payment card that automates the management of expense claims and business expenses.

Details about this transaction

According to a statement by the company, the transaction happened 37,074 kilometers above Earth with collaboration between England’s stratospheric launch experts Sent Into Space and Loyaltek’s terminals specialist LoyalPay.

Based in Sheffield, UK, Sent Into Space are the Near Space launch experts, working to deliver unique marketing/advertising campaigns set in the backdrop of space.

Robert Masse, Loyaltek’s CEO and Global Manager for product, design, and innovation of Sent Into Space, developed an articulated arm that initiated a contactless payment sequence on LoyalPay’s 9220 terminal.

The companies have released the followed video where the entire action was captured:

Video credit: (YouTube) Mooncard

About Loyaltek Group

The company wants to help people benefit from a better financial system. Loyaltek offers four products to help process funds easily, efficiently, and securely. They include LoyalPay, a mobile Point-of-Sales product that offers custom API to merchants, hoteliers, and restaurateurs alike.

Similarly, corporate payments to these sectors can be made easy with Mooncard (powered by Loyaltek Group’s Fintronik division) and can have their processing and acquiring handled seamlessly by Loyaltek’s Paynovate division. Giftify is the other Loyaltek product that helps accelerate marketing through gift card campaigns.


Fintech Files Powered by AWS

In the new section Fintech Files, in collaboration with AWS, we are keeping tabs (pun intended) on the thriving fintech industry in the Benelux. Want to learn more about the benefits of the cloud, or talk to one of their experts? Visit AWS Startup Loft to register for the latest events, get free 1:1 support from AWS experts and discover more resources. Build and scale your (fintech) startup with $1,000 in AWS Activate credits, free tools, technical support and training to quickly get started with AWS. Learn more about AWS Startup Loft.

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