Leader in Europe, with 50 million users, including 5 million in France (as of June 2020), Stocard enables its users to store their loyalty cards and browse retailer offers directly on their mobile devices. In June 2018, Stocard raised $20 million to further develop its offering. Its mobile payment service, Stocard Pay, is now available in Germany, France, Italy, the Netherlands, and the United Kingdom.
With Market Pay, Stocard is entering the mobile payment market by integrating a payment feature, transforming its application into a true multi-functional mobile wallet. Stocard has created a prepaid virtual card in its own branding, directly integrated within its mobile application. Users can quickly activate the payment feature, complete identity verification (KYC), top up their card, and make payments in-store via NFC contactless technology.
By adding mobile payment functionality, Stocard now covers the entire shopping journey, completely replacing the physical wallet. Available on the Mastercard network, Stocard's mobile payment service leverages Market Pay’s softPOS Payment solution, enabling the generation of a digital card, managing the token lifecycle, and accessing MDES’s Customer Service API. Since the Stocard card is also available in Apple Wallet, Market Pay facilitates the encryption of sensitive card data and ensures it is formatted correctly for Apple Pay.
Thus, whether on Android or iOS, users can obtain a virtual Mastercard in less than a minute, directly within the Stocard app or via Apple Pay Wallet. This seamless experience allows customers to access multiple benefits within a single app: managing discount coupons, loyalty cards, gift cards, and now payment methods. This comprehensive approach ensures a fully integrated experience, perfectly aligned with the evolving expectations of modern consumers.
The Success of the Stocard Mobile App
Stocard continues to transform in-store shopping by consolidating over 6,500 retailers' loyalty programs, coupons, and payments—all in a single application. With partner retailers regularly offering discounts of 10% or more, Stocard enables users to save significantly more than competing apps or platforms. If we consider that savings per purchase amount to 5% through weekly offers, coupons, and loyalty cards, this resulted in a total of €2 billion in savings worldwide in 2019.
“We are thrilled to partner with Market Pay to revolutionize banking services by bringing Stocard Pay to our 50 million customers. As our wallets are being replaced by our smartphones, the digital wallet is becoming the central hub of our daily lives for money, shopping, and banking transactions. With the support of our outstanding partners, we are set to transform the shopping experience with the first European mobile wallet.”
Björn Goß, Founder & CEO
