Paybox Bank

What Paybox Bank does

Paybox Bank, legally A1 Bank AG, is a Vienna-based mobile payment entity and a wholly-owned subsidiary of A1 Telekom Austria Group. Founded in 2011 and operating with 11–50 employees, the company runs two flagship products — paybox Privat for individual consumers and paybox Business for commercial customers — enabling contactless mobile payments via smartphone, with a distinct parking ticket payment integration. The core technology is a mobile payment platform supporting smartphone-based transactions, offered through dedicated self-serve portals (paybox.a1.bank/private/login and paybox.a1.bank/business/login) without a physical branch network.

The business model is transaction-fee based: revenue is generated through mobile payment transactions on the paybox platform, with the consumer-side paybox starter product operating under a per-transaction cap (raised from €30 to €40 in 2025). Go-to-market is product-led and self-serve, targeting the Austrian domestic market only, with no enterprise sales motion evident. Distribution is augmented by partner services such as the EDEKA Gutscheinkarte gift card, which is offered through the paybox platform to extend reach into Austrian grocery retail.

The company has executed a material strategic pivot: it discontinued its A1 Mastercard credit card business, cancelling all cards effective 30 June 2025, and is concentrating resources on the mobile-first paybox line. There is no public revenue disclosure, no funding round data, and no AI/ML capability evidence in the source material; the entity operates as a focused, narrow-scope payments subsidiary within a larger telecom group structure.

Name

Paybox Bank

Legal name

A1 Bank AG

Website

https://payboxbank.at

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

11–50 employees

Short description

Paybox Bank (A1 Bank AG) is a Vienna-based mobile payment subsidiary of A1 Telekom Austria Group, offering paybox Privat and paybox Business for contactless smartphone payments to Austrian consumers and SMBs via a self-serve, transaction-fee model.

Ownership category

akta.pro rank

Product category

Mobile Payments

NAICS

Commercial Banking (52211)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Carrier Billing & Telco Mobile Money (FSAMAEAD)

akta.pro secondary industries

Biller Direct EBPP Platforms (FSAMAJAA), Bank-to-Bank Transfers & Pay-by-Bank (Consumer & Merchant) (FSAMAFAC)

Keywords

• Mobile payments
• Contactless payment services
• Consumer banking solutions
• Payment platform services
• Digital wallet services

Headquarters

HQ city

Vienna

HQ country

Austria

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Mobile Payment Services: Revenue generation through mobile payment transaction fees from paybox Privat and paybox Business products. The bank previously offered credit card services but discontinued A1 Mastercard as of 30.06.2025, suggesting a strategic pivot toward mobile-first payment solutions.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

Paybox Bank provides mobile payment services in Austria through two product lines: paybox Privat for individual consumers and paybox Business for business customers, both delivered via the paybox mobile app and dedicated online portals. The platform enables contactless payments by smartphone or credit card, with a distinctive parking ticket payment capability. The bank has discontinued its A1 Mastercard credit card business effective 30.06.2025, pivoting focus entirely to mobile-first payment services.

Product overview

Paybox Bank (operating as A1 Bank) offers a unified mobile payment platform with two main products: paybox Privat for individual consumers and paybox Business for business users. Both products enable mobile and credit card payments, with additional services like parking payment integration. The platform is offered alongside partner services such as EDEKA gift cards. Note: A1 Bank discontinued its credit card business, with all A1 Mastercards terminated effective 30.06.2025.

Differentiator

Problem solved

Functional benefit

Brands

• paybox Privat: Mobile payment solution for private individuals
• paybox Business

Products and services

• paybox Privat Personal mobile payment service for individual consumers enabling payments by smartphone or credit card, including parking ticket payments via the app.
• paybox Business Mobile payment solution for business customers supporting commercial transactions and payment management, accessed via a dedicated business login portal.
• EDEKA Gutscheinkarte Gift card service delivered through partnership with EDEKA supermarket chain, distributed via the paybox platform.

Quantifiable outcome

• paybox starter transaction limit increased from €30 to €40

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered flagship and minor.

• A1 Telekom Austria GroupflagshipStrategic or Co-development PartnerA1 Bank AG is a wholly-owned subsidiary of A1 Telekom Austria Group. The bank operates under the A1 brand, leveraging the telecom parent's brand recognition, customer base, and distribution network in Austria. The partnership represents a telecom-to-financial-services expansion strategy within the group.
• EDEKAminorChannel Partner/ Reseller/ DistributorEDEKA Gutscheinkarte (gift card) is offered as a partner service through the A1 Bank help and support section. This partnership provides EDEKA gift card accessibility through the paybox platform, extending utility to customers beyond core payment services.

Scale indicators1 record

Recent moves4 records

Expansion highlights4 records

Broad incumbents

• N26: European digital bank headquartered in Germany with significant Austrian customer base; directly comparable business model of mobile-first banking and payments competing for the same consumer segment as paybox Privat.
• SumUp: European SMB mobile payment acquirer offering card readers and a payment app; competes with paybox Business for Austrian SMB mobile-payment acceptance and merchant onboarding.
• Revolut: European digital bank offering mobile payments, accounts, cards and consumer finance across Austria and the EU; competes with paybox Privat and paybox Business on cross-border payments and SMB banking features.
• Apple Pay: iOS-based mobile wallet integrated with Austrian issuing banks; competes directly with paybox Privat for contactless transactions and offers a substantially larger merchant acceptance footprint through major Austrian retail chains.
• PayPal: Global digital wallet and online payment network widely accepted by Austrian merchants; competes with paybox Privat on consumer online and in-app payments and offers a much broader payment and credit feature set.
• Google Pay: Global mobile wallet with broad Android acceptance in Austria via partner banks; competes with paybox Privat on contactless mobile payments and dwarfs Paybox on user scale and merchant coverage.

Regional players

• Payone / SIX Payment Services: European payment processor serving Austrian and DACH merchants with acquirer and mobile payment infrastructure; adjacent competitor to paybox Business on merchant-side payment acceptance and integration.
• Bankomat (Bargeld-Service) / APS EasyCash: Austrian payments network operator running the Bankomat cash and card ATM/banking infrastructure across Austria; adjacent in mobile and consumer banking payments though broader scope than paybox's wallet.

Direct peers

• Bluecode: Austrian/German mobile payment app enabling barcode-based payments at retail merchants and acceptance at parking machines, directly competing with paybox Privat on consumer mobile payments in the Austrian market.
• EasyPark: European mobile parking payment app accepted across Austria and CEE; overlaps directly with paybox's parking-ticket payment integration and competes for the same consumer use case and merchant/municipal contracts.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Paybox Bank