UK, London, 15 November 2018 – The MuchBetter team were winners at the prestigious Payments Awards, taking home Payment Innovation of the Year with our partner, Wirecard. In its 6th year, the awards recognise individuals and organisations who have launched or have implemented the most outstanding payments solutions, initiatives and projects during the past year.
Launched in November 2017, MuchBetter’s next-generation e-wallet lets users make and receive payments instantly with just their smartphone and fingerprint. Combining best-in-class functionality from across the payments industry with its own proprietary technology, MuchBetter creates a seamless user experience with unrivaled security – preventing all forms of third-party fraud or account takeover via its pre-paid card and patent-pending dynamic CVV number. A new CVV number is generated, associated with a card token and generated for each user session and securely delivered to the user’s mobile application each time they want to make a payment.
“Together with Wirecard, this award is huge achievement for MuchBetter, and we are honoured to have received this recognition in front of our payments colleagues and partners last night,” said Paul Gent, MuchBetter CMO. “The number of users signed up to MuchBetter is already a testament to the strength and security of our product. As we celebrate our first anniversary as a company, to be recognised by our industry as Payment Innovation of the Year rounds off a hugely successful year at MuchBetter.”