Austrian Payments Innovation Award 2024


On April 4 2024, the Austrian Payments Innovation Award was presented for the first time at an exclusive gala event.

Advancing digitalization is fundamentally changing the way we pay. This poses major challenges for the economy and society.

Therefore, oenpay aims to promote the digitalization of payments in Austria and beyond. As a hub of a cross-industry innovation community, oenpay supports the development of innovative, sustainable, inclusive and secure payment solutions together with all stakeholders involved.

New award for the local payments community

Under the motto “Together for innovation in payments”, oenpay launched the Austrian Payments Innovation Award for the first time this year under the patronage of the OeNB.

The prize was awarded by oenpay – Financial Innovation Hub (oenpay) under the patronage of the Austrian National Bank (OeNB) and with active support from Austrian banks, payment service providers and FinTechs. The award was established to recognize the best innovations in payments in Austria and to strengthen the domestic payments community.

„With the Austrian Payments Innovation Award, presented for the first time, we want to highlight and reward innovators, their ideas and exciting new payment solutions“.

Bernhard Krick, Managing Director oenpay

Over a period of four weeks, 22 innovation projects were submitted for the award. An overview of all submissions is listed below:

UnternehmenEingereichtes Projekt
Authentic VisionHolographic Fingerprint
Since 2021, the integration of the “Holographic Fingerprint” – a holographic, forgery-proof label – into debit cards in collaboration between UniCredit Bank Austria and Authentic Vision has been revolutionizing the protection of customer accounts.
BAWAG P.S.K. Bank für Arbeit und Wirtschaft und Österreichische PostsparkasseBAWAG Business Banking EBICS Web and App
BAWAG developed a web-based solution that can communicate not only with BAWAG-accounts, but also with all EBICS-enabled bank accounts in Europe.
Blocktrade is the first fully EU-regulated and gamified crypto platform, bringing together digital assets, gaming, and commerce.
BluecodePayment Roaming in Europe
The solution pursues the vision that users can pay with their usual mobile payment solution via the network of other European mobile payment providers.
BluecodeBluecode Instant
Bluecode has developed Bluecode Instant – a system that combines the advantages of instant payments and classic P2M transactions.
Die Zweite Wiener Vereins-Sparcasse‚Account with gambling protection‘ for 2. Sparkasse
With the initiative ‚Account with gambling protection‘, 2. Sparkasse is the only bank in Austria that has created the possibility of blocking gambling transactions (and only these).
Erste BankSmart- and Premiumcard
The “Smart and Premium Card” project, implemented in September 2022, was about redesigning the entire credit card portfolio of Erste Bank und Sparkassen.
Erste BankVISA Premiumcard Privat Banking
Together with the Erste Bank‘s private banking department, Erste Bank has replaced the previous private banking card with the VISA Private Banking Card and equipped it with new and exclusive features.
Erste BankGoogle Pay
Erste Bank und Sparkassen was the first major Austrian bank to launch Google Pay in December 2022.
fiskalyDigitale Beleglösung
With it’s digital receipt solution, fiskaly offers modern software that meets the needs of today’s retail industry.
Iknaio Cryptoasset AnalyticsIknaio Cryptoasset Analytics
Iknaio Cryptoasset Analytics GmbH is revolutionizing the fight against cybercrime and crypto fraud, while promoting financial inclusion by making cryptocurrencies safer to use.
IM PolymerThe first card to grow back!
For environmentally conscious companies, the biocard made of bioplastic is the sustainable and environmentally friendly alternative to conventional products made of petroleum plastic or petroleum plastic-coated paper.
K42 VenturesBANKpay+
BANKpay+ has launched a new version of its SEPAinstant+ SEPAid service, enabling real-time payments and bank status notifications across 5300+ European banks.
Linde Verlag und Georg TuderHandbook Payments 4.0
The 23-person team of authors from the areas of practice, law, science and supervisory authorities takes a closer legal look at the topics mentioned in the ‚Handbook Payments 4.0‘.
OberbankOrder foreign currency online
Oberbank offers customers the opportunity to order selected foreign currencies directly in the Oberbank customer portal and in the Oberbank app – in the future also with shipping directly to customers.
PaysafePaysafe: Alternative to the bank account
Account & Card is like a conventional account where customers receive a personal IBAN, a physical and a virtual Debit Mastercard.
P19P19 Payment Podcast
With the P19 Payment Podcast, P19 wants to bring payment closer to everyone – experts, laypeople and everyone in between – and shed light on all its facets.
Raiffeisen Bank InternationalVirtual IBAN (VBAN)
Virtual IBAN – a simple time and cost‐saving solution – can change the way our corporate customers or non-bank FIs do accounting by helping automate this process.
Raiffeisen Bank InternationalVirtual Accounts
Virtual Accounts fulfil the corporates’ desire to centralize their cash and liquidity management while always keeping a transparent overview on payment flows as well as simplifying bank account structures.
Raiffeisenbankengruppe Österreich & Raiffeisen Bank InternationalRaiPay
The RaiPay payment wallet offers customers access to a state-of-the-art payment solution for digital debit and credit cards; P2P payments, card management and much more, independent of other X-Pays such as Google Pay and Apple Pay but also of providers of payable wearables (Garmin, Swatch, …).
Raiffeisenlandesbank Niederösterreich-WienInvestments in digital assets from one euro and without delay
By integrating Bitpanda Technology Solutions’s investment infrastructure into the mobile banking app ‚Mein ELBA‘,RLB NÖ-Wien gives its customers easy, fast and secure access to more than 2,500 digital assets (including cryptocurrencies and precious metals) starting at just one euro.
SocialCard is a cashless and direct donation option to homeless and poverty-stricken people, including those whose situation excludes them from cashless payments.
Overview of all projects submitted to the Austrian Payments Innovation Awards 2024.

Award ceremony at the Austrian Payments Innovation Gala

Innovation pays off! Three winning teams were awarded at the Austrian Payments Innovation Gala, which took place for the first time on April 4, 2024. The governor of the Austrian Central Bank, Univ.-Prof. Dr. Robert Holzmann, kicked off the event. The winning teams of this year’s Austrian Payments Innovation Awards received exciting prizes.

The high-tier expert jury, made up of nine payments, startup and innovation experts, evaluated the submitted projects based on oenpay’s four core values.

„As the hub of a cross-industry innovation community, we have set ourselves the goal of promoting the further development of payment transactions. In doing so, we ensure that new payment solutions contribute to our four values – innovation, sustainability, inclusion and security.“

Franz Deim, Managing Director oenpay

Raiffeisenlandesbank Niederösterreich-Wien (RLB NÖ-Wien) was awarded the first prize with their solution for investments in digital assets from one euro and without waiting times, which was implemented in cooperation with Bitpanda. By integrating Bitpanda Technology Solutions’ investment infrastructure into the mobile banking app ‚My ELBA‘, the winning solution provides customers with an easy, fast and secure access to over 2,500 digital assets (stocks & ETFs, raw materials, precious metals and Cryptos) from just one euro. Payments are processed very conveniently directly via the customer’s checking account.

As the main prize, the first place winners won a four-day learning trip to Silicon Savannah in Nairobi. The Learning Journey offers the winners exciting insights into the startup ecosystem and digital transformation in East Africa. In addition to discussions, field visits and networking, participants can explore the regional payment ecosystem – from M-Pesa Mobile Money, to banks and FinTechs.

SocialCard was able to secure the second place with its solution for a cashless and direct donation option to homeless and poverty-stricken people (including those who are excluded from cashless payment transactions due to their situation). Using a QR code, people can receive donations without an account or digital device. Donations can be made via credit card and soon also via the monetary value of unused loyalty points from various loyalty programs for customers. The person can then redeem these donations with partners for services and everyday products. In a pilot project, SocialCard has already been successfully implemented as a cashless payment option for the street newspaper “Apropos” in Salzburg.

The third place went to Bluecode for their innovation project Payment Roaming in Europe, which enables seamless payments across national borders. Bluecode has founded the European Mobile Payment Systems Association (EMPSA) together with other European mobile payment solutions. The solution pursues the vision that users can pay with their usual mobile payment solution via the network of other European mobile payment providers. The principle of roaming, which is already known from telecommunications, hence, is also used in payments. In an already successful pilot test, it was shown how the mobile payment solutions Bluecode (Austria and Germany), TWINT (Switzerland) and Bancomat Pay (Italy) pay at each other’s acceptance points.

The second and third placed teams were also awarded smaller prizes.

Die Gewinnerteams des diesjährigen Austrian Payments Innovation Awards 2024.
The winning teams and jury members of this year’s Austrian Payments Innovation Award 2024.

You can find further impressions of the Austrian Payments Innovation Gala here:

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