Jurgen Wolff, Founder

Eugene Mizin & Polina Montano

MERCEDES PAY

IN SHORT

Founded: 2012

Categories: Fintech

THE CONCEPT

​PayCash Europe SA is a financial institution that is regulated by the Luxembourg banking authority, with a license for electronic cash. The ePayment company joined Lux Future Lab in 2015.

In January 2017 it was acquired by Daimler Financial Services and now it operates under the new "Mercedes pay" brand name. "Mercedes pay" allows Daimler`s customers to easily and securely pay for mobility offerings and services using their smartphones. PayCash also offers solutions for cryptocurrencies such as Bitcoin and eWallet systems in addition to mobile payment services.

"That's when we realized that it was really happening."

- Jurgen Wolff, Founder