Wirecard helps the State of Bavaria to digitize applications for the Corona Emergency Aid Program and accelerate payments

Funds from the emergency aid program are to flow quickly to small and medium-sized enterprises and relieve liquidity issues

Jana Tilz
Corporate media inquiries
Jana Tilz

VP Corporate Communications & Branding

May 13, 2020

  • Wirecard provides the Bavarian Ministry of Economic Affairs with working hours free of charge

Wirecard, the global innovation leader for digital financial technology, is supporting the Bavarian government in distributing funds from the Corona emergency aid program to companies and freelancers as quickly as possible. The emergency aid is a financial bridging measure for smaller companies and freelancers whose existence is at immediate risk due to the Corona pandemic. Wirecard Communication Center employees are helping the Bavarian Ministry of Economic Affairs, Regional Development and Energy to digitize large quantities of paper-based applications and to thus speed up the processing time. As a result, applications reach the local authorities responsible for approving payouts more quickly.

With this project, Wirecard, together with the Ministry, is contributing to quickly and effectively alleviating the economic hardships of small and medium-sized enterprises in Bavaria, which have been triggered by the Corona pandemic. “The Corona Emergency Aid is intended to help companies cope with the financial challenges that have arisen in the course of the Corona pandemic. We are pleased to be able to help the Bavarian Ministry of Economic Affairs, Regional Development and Energy to implement this very important crisis management program,” said Sandra Meermann Hying, Executive Vice President Customer Care at Wirecard.

Wirecard is providing the contractually agreed working hours free of charge. The Bavarian Ministry of Economic Affairs therefore benefits from the work carried out to digitize applications at no cost. With this agreement, Wirecard underscores its sense of responsibility towards the economic region of Bavaria. “As a global Dax company, we never forget our regional roots. We very much hope that our commitment will help Bavarian companies and freelancers to bridge the current situation and create the basis for a restart,” said Susanne Steidl, Chief Product Officer at Wirecard.

“The emergency aid program is a key component of our efforts to preserve Bavaria's economic framework/structure. We will not let up until every entitled person has received their money. We greatly appreciate Wirecard’s support in the course of this process”, said Hubert Aiwanger, Bavaria’s Minister for Economic Affairs.