Newsfeedhttps://www.wirecard.com/feeds/newsroomCopyright 2013 WireCard AGNews of the Wirecard Groupen-usFri, 22 May 2020 16:02:52 +0200Fri, 22 May 2020 16:02:52 +0200276101<![CDATA[Wirecard and websms enable smart shopping via SMS and Messenger]]>

Wirecard, the global innovation leader for digital financial technology, and websms, a pioneer in mobile messaging, have come together to set new standards in mobile marketing. With this cooperation websms and Wirecard aim to make it possible to handle payment transactions in a simple way via SMS or directly in the chat messenger for the first time.

Although mobile marketing via SMS and messenger is growing rapidly thanks to high opening and “call-to-action” rates, the integration of digital payment methods is still lagging behind. For consumers and companies, this manifests itself in disruptive channel breaks in the service and purchasing process. With the smart integration of digital payment methods, such as Apple Pay, in SMS or Messenger, retailers and service providers have touchpoints throughout the customer journey, from customer service, to promotions, to the payment process bundled together in one central channel for the first time. This saves time, enhances the customer experience and enables convenient and secure purchase transactions.

“We know from recent studies that today’s consumer wants to be in contact with companies primarily via a central channel and finds disruptions during the payment process annoying. Therefore, the combination of digital payment and commerce via messaging channels - in short: Conversational Commerce - has great potential that we want to unleash,” explained Christian Waldheim, CEO of websms. “Opening rates of 70 to 90 percent and call-to-action rates of 15 to 30 percent confirm that messengers such as WhatsApp, Telegram and Co. are the places where companies can best reach their customers today. Mobile marketing therefore gives companies the opportunity to be closer to their customers – with SMS currently experiencing a comeback due to its high reach,” Waldheim continued.

The basis for the cooperation between websms and Wirecard are the many synergies between the companies, both of which are considered pioneers in the fields of mobile messaging and digital payment respectively. While websms is market leader in developing digital communication solutions for companies of all sizes and in all industries in the DACH region, Wirecard provides innovative payment solutions for some of the world’s largest digital payment systems, such as Apple Pay, Google Pay or PayPal. “If you want to be successful in an industry in which everything revolves around digitization, you not only have to pick up on trends, but also shape them proactively. Thanks to the smart integration of digital payment into conversational commerce, Wirecard and websms will do just that,” said Roland Toch, Managing Director Central Eastern Europe at Wirecard.

“Pay by Link” is the selected payment solution for websms. Here, the customer is sent a link via Messenger or SMS and, by clicking on it, directed to the secure payment page hosted by Wirecard. This payment option is thus user-friendly, fast and simple. “Pay by Link” in combination with the messaging solutions from websms can be used in all industries and for all company sizes. While entrepreneurs benefit from automated notifications of the customer's payment status, the customer in turn receives a holistic and seamless shopping experience.

A new age in retail is dawning - this is just one of many solutions that enable entirely new shopping experiences. Find out more about today's technology trends here.

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https://www.wirecard.com/company/press-releases/websms-and-wirecard-enable-shopping-via-sms-messengerWed, 20 May 2020 10:00:00 +0200
271834<![CDATA[Wirecard enhances payment suite for Xsolla, global video game business engine]]>
  • Gamers can pay with preferred payment methods

Wirecard, the global innovation leader for digital financial technology, today announces Xsolla, the global video game business engine, as a new client for digital payments in Europe. Wirecard will complement Xsolla’s card payments offerings, so that gamers continue to have their favorite payment options available in their territories.

Founded in 2005, Xsolla works with some of the world’s largest gaming companies. Xsolla provides game developers and publishers with a powerful suite of tools and services to operate and sell more games globally. Whether startup developers or global powerhouse publishers, Xsolla enables its clients to grow their audience, expand their payments footprints and ultimately increase revenue.

“By connecting developers and publishers directly with gamers and influencers, Xsolla provides them with enhanced audience knowledge, brand reach and sales,” commented Markus Fuchs, VP Sales, Digital Services, at Wirecard. “Core to its ethos of accessibility is to accept more of players’ preferred payment methods. Considering the global nature of the gaming industry, this is something that can be a real challenge for developers, but is also something that can be conquered with the right payment partner.”

Xsolla always aims to provide their partners with optimal payment solutions. With credit card payments now additionally powered by Wirecard, they will be able to expand the coverage by accepting more payments globally and connecting to more local gamers, thus ensuring the best conversion and retention rates.

“Great games can emerge from anywhere, at any time. At Xsolla, we want to ensure the best ideas get made, seen and played. Thanks to Wirecard, we can provide a frictionless purchasing experience on our platform so that our customers can focus on what matters most to them: the gaming experience,” explained Anton Zelenin, Head of Payments at Xsolla.

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https://www.wirecard.com/company/press-releases/wirecard-enhances-payment-suite-for-video-games-experts-xsollaMon, 18 May 2020 07:30:00 +0200
270079<![CDATA[Wirecard helps the State of Bavaria to digitize applications for the Corona Emergency Aid Program and accelerate payments]]>
  • 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.

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https://www.wirecard.com/company/press-releases/wirecard-helps-state-bavaria-digitize-applications-corona-emergency-aid-programWed, 13 May 2020 07:30:00 +0200
269528<![CDATA[Wirecard and Varengold Bank cooperate to provide financing and market-leading payment solutions to FinTech firms]]>
  • Wirecard and Varengold enhance each other’s offerings to better serve FinTechs and generate more business opportunities

Wirecard, the global innovation leader for digital financial technology, and Varengold Bank, a leading provider of FinTech financing, announced today the launch of a new strategic cooperation. Together, Wirecard and Varengold Bank will provide ambitious FinTechs looking to scale their operations with access to capital to refinance their loan portfolios, combined with a comprehensive set of white-label payment solutions.

The European FinTech sector is expected to grow 11% CAGR between 2020 and 2025, according to market research firm Adroit. As FinTech providers grapple to scale at pace to meet surging demand, access to credit is often cited as one of the greatest challenges. Varengold Bank, which is based in Hamburg and operates additional presences in London and Sofia, is a marketplace lender with an extensive track record in refinancing loan & credit portfolios in this highly dynamic sector. The bank has existing partnerships with prominent FinTech firms across Europe, such as LendInvest, Grover, and Monedo (formerly Kreditech).

The new cooperation will bring Varengold Bank’s customers closer to Wirecard’s banking-as-a-service expertise, spanning digital banking, prepaid card issuing, acquiring and loan fronting services. Meanwhile, Wirecard’s customers will benefit from Varengold Bank’s capabilities in creating tailor-made financing solutions.

“At its core, this collaboration is about fueling the growth of ambitious FinTech companies. The partnership with Varengold will provide a unique and meaningful offering, helping customers refinance their loan portfolios while simultaneously accessing market-leading payment solutions. These are complementary services which are in high demand, and therefore will unleash added value to our customers,” said Leonard Coen, Head of Sales Financial Institutions & FinTech Europe at Wirecard.

“Refinancing loan portfolios can be a significant challenge for any company, but particularly for fast-growth FinTechs in the corporate or consumer credit space looking to expand their operations,” said Lukas Diehl, Head of Marketplace Banking at Varengold Bank. “Our message to FinTechs is that we strive to provide the best services in the market. Wirecard shares this aspiration and, as a preferred partner of Varengold, will be able to provide a range of Banking-as-a-Service solutions that supplement our liquidity and our own fronting services,” he added.

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https://www.wirecard.com/company/press-releases/wirecard-and-varengold-bank-cooperate-payment-solutionsTue, 12 May 2020 07:30:00 +0200
268843<![CDATA[Wirecard AG: Comprehensive change in the Management Board of Wirecard AG]]>

The Supervisory Board of Wirecard AG appoints the American Dr. James H. Freis, Jr. (49) as Executive Board Member effective July 1, 2020. On the Group Management Board of the company, he will be responsible for the newly created department "Integrity, Legal and Compliance". The Legal, Contracts and Compliance functions will be bundled in this department.

James Freis has been responsible for compliance at Deutsche Börse AG, Frankfurt, since 2014. Prior to this, he worked for the international law firm Cleary Gottlieb Steen & Hamilton, Washington DC. Between 2007 and 2012, he was Director (CEO) of the United States Department of the Treasury's Financial Crimes Enforcement Network (FinCEN), where he was a senior U.S. government official responsible for the regulation of financial institutions. Freis was also head of the U.S. Financial Intelligence Unit (FIU), which conducts investigations into the implementation of and compliance with laws. He began his career in 1996 as a lawyer at the Federal Reserve Bank of New York. He later served as Senior Counsel at the Bank for International Settlements in Basel, Switzerland, before joining the U.S. Department of the Treasury as Deputy Assistant General Counsel for Enforcement & Intelligence.

James Freis holds a degree in economics from Georgetown University and a doctorate from Harvard University's law school.

The Supervisory Board of Wirecard AG has also decided to expand the Executive Board by two additional seats, increasing its total number of members to seven.

In an also newly created sales department, a Chief Commercial Officer will manage all sales activities of Wirecard AG and promote the company's sales strategy to further expand its global market position. This includes the sales divisions Consumer Goods, Telecommunications, Digital, Travel, Small & Medium Enterprises (SME) and Enablement as well as corresponding marketing activities.

The responsibilities of the Chief Operating Officer will be reorganized and placed under new management. The Supervisory Board is already in talks with experienced managers on the appointment of a Chief Operating Officer. In future, the Group coordination of the subsidiaries in Europe, the Middle East and Africa as well as Asia will be bundled in this department. The Group's activities in North and South America will also be coordinated by the COO. In addition, the department will assume responsibility for human resources and facility management.

In addition, the Supervisory Board resolved to reorganize the responsibilities of the Management Board. The Management Board welcomes this decision.

The CEO of Wirecard AG, Dr. Markus Braun, will in future focus his activities on the strategic development of Wirecard AG. This includes strategic alliances, innovation management, the further business development of the Group, the coordination of business policy and the business divisions as well as corporate communications. With this decision, the Supervisory Board acknowledges the extraordinary and sustained growth successes of Wirecard AG under the leadership of Dr. Braun and appreciates his innovative strength, which provides impetus for the company.

The Supervisory Board is strengthening the Group's Finance Department and is placing capital market communications directly with CFO Alexander von Knoop. In addition to being responsible for investor relations, his area of responsibility includes Group financial coordination, finance and accounting and controlling, treasury, mergers & acquisitions, corporate finance as well as Group coordination of the licensed subsidiaries such as Wirecard Bank AG. The Finance Department is relieved of the Compliance and Legal departments as well as Human Resources.

With the appointment of a COO to the Group Board of Management, Jan Marsalek takes over responsibility for Business Development. As Chief Business Development Officer, he is responsible for the areas of New Ventures, Global Business Integration, Global Financial Services and Financial Services Development with the product area, value-added services as well as the expansion of the license area and Group coordination of third-party partner acquiring.

The Management Board Division Product, headed by Ms. Susanne Steidl, continues to comprise the Group Coordination Product, Artificial Intelligence, Development and Operations, technical subsidiaries and customer project management as well as Wirecard Labs and internal Group projects. Responsibility for the Group companies in North and South America will be transferred to the COO.

In addition to these adjustments to the distribution of responsibilities, the Management Board, at the suggestion of the Supervisory Board, will press ahead with improving the operational excellence of Wirecard AG. To this end, structures, processes and, in particular, the internal control systems within the company will be reviewed and designed in favor of a learning and continuously improving organization.

Wirecard has already set up a compliance project with nine focal points. These are Governance Framework (administration), Risk Framework (risk framework), Policies & Procedures Framework (guidelines & procedures), Business Partner Compliance Management, Reporting Framework (reporting), Controls Framework, Incidents/Investigation/Incentive/Improvement, Training & Communication and Tools & Data.

As already announced by the Board of Management, Wirecard intends to increasingly acquire its own licenses in markets outside Europe as well, or to enter into BIN Sponsor relationships (similar to own licenses). Wirecard is considering this wherever it makes business sense and is justifiable in view of local conditions. The Group thus intends to optimize efficiency along its entire value chain.

Thomas Eichelmann, Chairman of the Supervisory Board, said: "The business model of Wirecard AG is sustainable and highly profitable. With the resolutions adopted, we are setting the course for a continued successful future of the company. In particular, I am personally delighted that with Dr. James Freis I have been able to win an internationally recognized compliance expert for Wirecard AG. On the basis of the organizational and personnel changes that have now been agreed, the Supervisory Board has confidence in the Management Board and its Chairman.”

Markus Braun, Chief Executive Officer, said: "This reorganization lays the foundation for the next growth phase of Wirecard AG, which I am extremely pleased about. I would like to apologize to all our shareholders, customers, partners and employees for the turbulence of the past weeks and months. Wirecard is and will remain a sustainably highly profitable company. We will do everything necessary to lead our company from operational success to operational success with a steady hand, but resolutely and unwaveringly.”

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https://www.wirecard.com/company/press-releases/wirecard-ag-comprehensive-change-in-the-management-board-of-wirecard-agFri, 08 May 2020 18:00:00 +0200
267885<![CDATA[Wirecard cooperates with PINAR Water&Beverages, leading Turkish bottled water brand, for digital payments and contactless delivery]]>
  • Wirecard collaboration helps PINAR Water&Beverages become a fully on-demand, one-tap mobile water delivery service throughout Turkey

Wirecard, the global innovation leader for digital financial technology, is cooperating with PINAR Water&Beverages, Turkey’s first bottled water brand, to enable contactless digital payments via a mobile platform where users can order drinkable water and other beverages such as carbonated soft drinks, lemonade and mineral water variants. The collaboration means PINAR Water&Beverages can offer its customers throughout Turkey an improved customer experience with in-app payments and a safer, more convenient solution during the COVID-19 pandemic and beyond, by removing the need for cash payments.

In Turkey, it is commonplace for consumers to order water or other beverages by telephone and pay for the delivery at their doorstep, with cash. This presents logistical challenges for vendors and an inconvenience for customers. PINAR Water&Beverages, which is part of Yasar Holding, is disrupting the industry with its digital payment offering. Through the mobile app, customers can compare prices and pay for delivered bottled water and beverages orders up front.

“By integrating Wirecard’s payment solutions, we’re revolutionizing this industry further,” said Koral Kalpaklıoğlu, Director of Operations at PINAR Water&Beverages. “Customers can now book delivery slots that are convenient for them and make payments directly through the app. Water is of course a human necessity and therefore these are recurring payments. So, it’s a big help that customers can store their payment information securely in our app to facilitate fast, one-click payments,” he added.

“The cooperation between Wirecard and PINAR Water&Beverages is a prime example of digital payments being used for social good. By offering contactless payments, the value of PINAR Water&Beverages’ mobile application is enhanced, bringing the company closer still to its customers. The value to the consumer is clear, but we also expect to see a significant increase in consumer engagement and company efficiencies at PINAR Water&Beverages as a result of this cooperation. These include reduced administration, less time on the telephone, improved logistics, more effective marketing, better customer satisfaction and, ultimately, more sales,” said Burhan Eliacik, General Manager Turkey at Wirecard.

While the contactless payment solution is proving particularly popular during the COVID-19 pandemic because it removes the need for consumers to pay the delivery person in cash, this solution can also be implemented for the long-term, eliminating the need for cash payments altogether.

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https://www.wirecard.com/company/press-releases/wirecard-cooperates-with-pinar-for-digital-paymentsFri, 08 May 2020 07:30:00 +0200
266125<![CDATA[Wirecard helps food service restaurants and merchants strengthen their businesses with digital services]]>
  • Numerous customers from the food service industry already use the solution and benefit from the convenient onboarding process via the Wirecard Checkout Portal

Wirecard, the global innovation leader for digital financial technology, is cooperating with Everesto, a delivery service management platform, to support food service merchants in expanding their core business to include delivery services. Everesto’s platform already handles thousands of transactions for restaurants of all sizes to accept orders and receive payment even before delivery has taken place. Customers can also pick up their orders at the restaurant, which strengthens out-of-home sales and is another source of revenue for restaurants in times of COVID-19. Wirecard is taking over the payment processing for transactions, thus further advancing digitalization in the retail and restaurant industries.

The offer highlights Wirecard’s commitment to helping companies master the challenges posed by COVID-19. “We are proud that, via our payment solutions, we are enabling retailers and restaurateurs to make their businesses more flexible and future-proof,” commented Alexander Hahn, Vice President Sales Retail at Wirecard. “The Everesto solution fits in very well with our COVID-19 support package. We are confident that we will be able to help many food service merchants to successfully guide their business model into the digital future.”

With Everesto, customers can conveniently order, pay and have their orders delivered to their homes. The Everesto platform is a completely digital solution: from the customer, to the restaurant operations, to the driver’s app, as well as the central point for the coordination of all orders. With its technology, Wirecard ensures that consumers can use their preferred digital payment method when ordering via Everesto.

Retailers benefit from the fast, simple and paperless onboarding process via the Wirecard Checkout Portal, with new merchant registration taking less than 10 minutes. The joint offer is aimed at the entire food service industry, caterers, restaurants, and food retailers, in Europe as well as worldwide. The solution is already available and can be used immediately.

“We are pleased to have a strong partner like Wirecard by our side. This will enable us to guarantee smooth payment transactions for all food service merchants and restaurants using Everesto,” added Martin Böhm, Managing Director of Everesto. “I am convinced that our solution will be well received by merchants and consumers alike, not only during but also after COVID-19.”

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https://www.wirecard.com/company/press-releases/wirecard-and-everesto-support-food-service-merchantsMon, 04 May 2020 07:30:00 +0200
262676<![CDATA[Wirecard’s boon enhances customer experience by collaborating with Vouchr to offer personalized cash gifting]]>
  • Added capabilities allow boon customers to add a personal touch to payments with media-rich messages

Wirecard, the global innovation leader for digital financial technology, has enhanced the customer experience of its mobile payment app, boon, by adding the capability to personalize cash gifts with meaningful media-rich messages and experiences. Collaborating with Vouchr, the creators of an engagement API for digital money, cash transfers can be transformed into highly engaging, fun and personalized experiences, which serve to drive customer loyalty and increase engagement.

Vouchr’s capabilities enable consumers to express themselves by digitally “wrapping” their money transfer with highly engaging content. For example, customers can bundle their gift with audio, videos, games, selfies, chat and other media that create unique and personalized experiences every time money is sent.

Competition to dominate P2P payments is stronger than ever. A report published in March 2020 by market research firm Advance Market Analytics forecasts the global P2P payments market is set to grow 9.76% CAGR, reaching a value of USD 3.2 billion by 2024. As its popularity grows, the P2P payments market is becoming increasingly crowded. When it comes to ease-of-use, flexibility and personalization, boon is leading the way.

“Applying personalized engagement to everyday brand transactions and interactions creates memorable experiences for our customers,” said Claudia Kaub, Head of Consumer Solutions at Wirecard. “This is a highly competitive market and we have maintained our edge by delivering powerful technology combined with a continual focus on customer-centricity. The Vouchr integration is just one example of the many ways in which boon is enhancing the customer experience,” she added.

“Our ambition is to make P2P payments more meaningful than just their currency value for boon. Customers expect more today than ever before and, as this market matures, the value of applying personalized engagement to everyday brand transactions will serve to drive customer loyalty,” said Aaron Whitehead, General Manager for Europe at Vouchr.

boon is the fastest growing mobile payment solution in Europe and the industry’s first fully digital mobile payment solution that can be used independently of banks and telecommunications providers. The app is available in both the App Store and Google Play Store in France, Germany, Ireland, Italy, Spain, Switzerland, and the UK, as well as in Slovakia for Android and Austria for iOS.

Further details can be found at http://www.beboon.com.

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https://www.wirecard.com/company/press-releases/wirecards-boon-enhances-customer-experience-with-vouchrWed, 29 Apr 2020 09:45:00 +0200
262298<![CDATA[Wirecard AG: KPMG delivers report on special investigation]]>

Wirecard AG was handed the report on the special investigation by the auditing company KPMG in the early morning of April 28, 2020. It will be published at https://www.wirecard.com/transparency as soon as possible.

No incriminating evidence was found for the publicly raised accusations of balance sheet manipulation. In all four areas of the audit - third-party partner business (TPA) and Merchant Cash Advance (MCA) / Digital Lending as well as the business activities in India and Singapore - no substantial findings were found which would have led to a need for corrections to the annual financial statements for the investigation period 2016, 2017 and 2018.

In the course of the audits of the annual financial statements for the years 2016 to 2018, the available evidence and audit procedures were sufficient to provide evidence of the revenues from third-party partner business (TPA). However, due to the increased forensic requirements of the investigation by KPMG, it was not possible to obtain all of the requested data that would have fulfilled the requirement to provide evidence of sales revenues in these years, as these documents are mostly in the third-party partner's access area. As Wirecard now maintains the necessary data itself, more than 200 million data records were made available to KPMG for a forensic examination for the period December 2019. This did not give rise to any indications of discrepancies between the sales revenues reported and the account balances.

KPMG identified documentation and organizational weaknesses in the period under review, which have already been identified by Wirecard. Since 2019, these have been remedied by setting up the Global Compliance Organization and with the support of external consultants.

KPMG sees no further need for an audit of Wirecard's business activities in Singapore beyond that already carried out as part of the audit of the 2018 annual financial statements.

With regard to the structure of the "Merchant Cash Advance" business of the Wirecard companies in Turkey and Brazil, there were no indications of legal inadmissibility.

According to Wirecard AG, the purchase price for the acquisition of the "payment business" of an Indian group of companies was determined on the basis of strategic considerations and plausibly verified by means of various objective factors, such as a company valuation of the payment business based on the results of the financial due diligence, corporate transactions by third parties, avoidance of minority companies and the strategic interest in entering the Indian market within the framework of the Group's globalization strategy. KPMG has not been able to identify any other evidence in the documents submitted or the investigation activities carried out that would indicate factors in pricing that are not objectively justified.

Wirecard AG made all payments in connection with the takeover of the Indian Group's "payment business" exclusively to the seller, whose beneficial owner could not be finally verified by KPMG on the basis of public registers. KPMG has found no indications in interviews, documents submitted and the investigative activities conducted that members of Wirecard's management were involved in this seller.

The sale of individual assets in the wake of the acquisition of the payment business from a company acquired by the Wirecard Group in the course of this transaction to a company associated with the seller was fully comprehensible by KPMG, both in terms of the contract and the settlement. According to the documents submitted by KPMG and the investigation activities carried out, there were no indications of "roundtripping".

Since October 2019, KPMG has been conducting a special investigation on behalf of the Supervisory Board of Wirecard AG in order to clarify the accusations of balance sheet manipulation made against the company by the media.

The publication of the annual financial statements and the annual press conference will not take place on April 30, 2020. Wirecard will coordinate with the auditors E&Y as quickly as possible when the audit work can be completed, taking into account the Corona-related restrictions and the KPMG report.

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https://www.wirecard.com/company/press-releases/wirecard-ag-kpmg-delivers-report-on-special-investigationTue, 28 Apr 2020 08:00:00 +0200
254079<![CDATA[Wirecard and Visa collaborate on Visa Fintech Fast Track Program in the Middle East]]>

Wirecard, the global innovation leader for digital financial technology, today announced they have signed an agreement to be the preferred payment processor for Visa to bolster the Visa Fintech Fast Track Program in the Middle East region.

The Visa Fintech Fast Track Program enables fintech partners to develop new commerce experiences leveraging the reach, capabilities, and security that VisaNet, the company’s global payment network, offers. As a strategic partner of Visa, Wirecard will provide its financial technology and payment solutions, as well as its in-depth market expertise aimed at accelerating growth and innovation within the thriving payment and fintech community in the region.

Together, Wirecard and Visa will additionally cooperate to develop programs aimed at accelerating growth and innovation for their respective businesses. Wirecard now has the ability to access Visa’s growing network that is part of the Visa Fintech Fast Track Program and provide guidance to fintechs in helping them get up and running in the most efficient way possible.

“We are excited to be a part of the Visa Fintech Fast Track Program and together, we can continue delivering financial technology innovations to the key Middle East market,” commented Humza Chishti, Regional Manager for Wirecard in the Middle East.

“We recognize that fintechs are nimble and fast and expect the same of any partner. The Visa Fintech Fast Track Program meets fintechs at the speed they work, streamlining access to Visa assets and capabilities, both globally and across the region. This partnership with Wirecard will allow us to continue to enhance the value of fintechs being part of our network and ensure that we work together on innovative new commerce experiences that can be delivered at scale and with pace,” added Otto Williams, Vice President, Strategic Partnerships, Fintech and Ventures, CEMEA at Visa.

Learn more about Visa’s Fintech Fast Track program at https://Partner.Visa.com.

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https://www.wirecard.com/company/press-releases/wirecard-and-visa-collaborate-on-fintech-fast-track-programMon, 20 Apr 2020 07:30:00 +0200
250417<![CDATA[Wirecard wins S Sport Plus, Turkish streaming platform, as a new customer]]>
  • Wirecard to process all payments for S Sport Plus, including new customer sign ups and recurring subscription payments

Wirecard, the global innovation leader for digital financial technology, has won S Sport Plus, Turkey’s first sports streaming platform, as a new customer for payment processing. As part of the cooperation, Wirecard will process all payments carried out on the S Sport Plus platform, including new customer sign ups and recurring subscription payments.

S Sport Plus, owned by Turkey’s leading Saran Group, offers more than 300 hours of monthly streaming along with extensive on-demand content. Customers can enjoy premium live sports content including Premier League, Bundesliga, NBA, UFC, and Formula 1, among others. Additionally, customers can take advantage of the platform’s on-demand catalog. The streaming platform has recently enhanced its content portfolio by offering additional sports documentaries and movies, as well as action movies, in order to meet users’ increasing online content consumption demand. S Sport Plus parent company Saran Group is one of the top companies in the world for media content distribution, owning leading Turkish sport TV channels.

“Live sports streaming becomes more and more decisive in online content consumption trends. With S Sport Plus, we strive to match the best streaming experience with the best sign up and payment experience possible,” commented Ozgur Oguz, Project Manager at S Sport Plus. “In Wirecard we found a partner with local expertise but also worldwide experience in payments, an ideal combination for our ever-growing platform. We look forward to cooperating with Wirecard.”

“Streaming customers want to get straight to their favorite content, and that means having no interruptions or lags in the payment process,” added Burhan Eliacik, General Manager Turkey at Wirecard. “We are happy to offer S Sport Plus our payment know-how and technology. In addition, we are looking forward to expanding our cooperation with future payment projects including developing loyalty solutions. We are excited to onboard S Sport Plus, a renowned brand in the Turkish streaming market.”

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https://www.wirecard.com/company/press-releases/wirecard-wins-s-sport-plus-as-a-new-customerWed, 15 Apr 2020 07:30:00 +0200
227901<![CDATA[Wirecard collaborates with leading Hungarian e-commerce agency UNAS]]>
  • Thanks to Wirecard’s payment solutions, UNAS merchants can offer customers a frictionless checkout experience

Wirecard, the global innovation leader for digital financial technology, today announced a new strategic partnership with renowned Hungarian e-commerce agency UNAS to offer Wirecard’s payment solutions to its almost 5000 merchants. Through the agreement, Wirecard will be integrated as payment service provider (PSP) for UNAS. As a result, merchants can leverage on Wirecard’s payment solutions for their online shop.

Based in Sopron, Hungary, UNAS empowers all kinds of merchants, ranging from cars to furniture, in the region to move their businesses online through its powerful e-commerce site development tools. Through a unique subscription model, businesses get a multitude of professional, built-in features and integrations without the capital expenditure. These include all the necessary functions for the operation of a successful e-commerce site in 2020: persuasive marketing options, shopping incentives, social media tie-ins and a wealth of different payment options.

Today, an e-commerce site’s success depends on ensuring that customers can use their preferred means of payment and that their checkout experience is seamless. When a merchant chooses Wirecard as their PSP, they benefit from: acceptance of all major payment methods, an easy integration, integrated fraud protection, and additional banking services.

“We open up a whole new world to legacy businesses struggling to survive through traditional retail methods alone. With our solutions, merchants of any size and industry can launch their online shop and become operational in minutes,” explained Gáll T. Barna, Business Development Manager at UNAS. “Key to these merchants being able to compete on a global footing, is the ability to ensure a smooth and frictionless payment experience for all. Wirecard provides the most comprehensive payment technology on the market so was an obvious choice as a PSP integration partner.”

UNAS is a true visionary. It was the first to introduce the concept of an e-commerce site as a service to the Hungarian market and now hosts one-in-five of all Hungarian online stores. Since inception, 27 million customers have bought from the e-commerce sites it hosts.

“Having Wirecard as a payment service provider adds real intrinsic value for the merchants UNAS work with. Through this agreement, they can implement the payment options demanded by their customers. Whether they are big global enterprises, or traditional family-run micro-businesses, they get the most advanced payment system at their fingertips,” added Roland Toch, Managing Director Central Eastern Europe at Wirecard.

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https://www.wirecard.com/company/press-releases/wirecard-collaborates-with-unasMon, 06 Apr 2020 07:30:00 +0200
224483<![CDATA[COVID-19: Wirecard launches “Innovation for Now” initiative together with other leading companies and strengthens its offerings for affected businesses]]>
  • Together with Futur/io, Wirecard launches the “Innovation for Now” platform where merchants can find assistance packages from leading companies like SAP, VMware and Wirecard
  • The simple online payment solution Pay-by-Link now enables every merchant to receive payments in real time via smartphone, even without an own online shop

Wirecard, the global innovation leader for digital financial technology, is launching an initiative to support businesses of all sizes and industries: Together with Futur/io, Wirecard is launching the “Innovation for Now” platform where merchants can find assistance packages from leading companies like SAP, VMware and Wirecard. The aim of the initiative is to bundle the offerings of all major tech companies in Germany and make them more easily accessible to merchants affected by COVID-19.

The initiative includes discounted or free use of digital payment solutions, and a rapid product integration. Part of the offering includes use of the Pay-by-Link solution at no cost, which enables every merchant to receive digital payments in real time, even without an online shop.

“We are calling on leading companies to actively participate in our 'Innovation for Now' initiative,” said Jörn Leogrande, Executive Vice President Innovation Labs and Value Added Services at Wirecard. “Now, more than ever, it is important that we act together, and combine and share our knowledge.”

“We welcome this joint initiative by Futur/io and Wirecard,” added Stefan Schoepfel, Vice President SAP Services. “SAP is pleased to contribute with the aim of helping businesses better master the challenges COVID-19 presents. Our offer is aimed at businesses of all sizes, and is available to both current and new customers.”

Here is the complete Wirecard offer at a glance: https://www.wirecard.com/support-package

Pay-by-Link free for European merchants

Pay-by-Link is ideal for businesses of all kinds. The solution enables them to offer customers digital payment options despite not having an online presence, or in addition to it. Restaurants or bakeries, for example, can use the solution to set up an “order ahead” service. The payment link can be emailed or texted, for example via WhatsApp, before the item or service is delivered, securing the payment for the business and eliminating the handling of cash altogether.

360-degree online shop solution

Checkout Portal is ideal for merchants that want to have an online presence across Europe as soon as possible. With Checkout Portal, merchants can offer customers convenient and secure payment via a wide range of payment methods. Checkout Portal works with all major shop systems; merchants can receive the corresponding shop extensions from Wirecard. Checkout Portal is available immediately free of charge for the first six months. Wirecard also offers free consulting and workshops on optimizing merchants’ online presence.

Small retailers in Germany and Austria can also make use of the SUPR shop solution. As part of the Wirecard initiative, merchants can use SUPR free of charge for the first six months.

State of the art payment terminals

In addition, Wirecard offers merchants who rely on face-to-face interactions the use of a Smart POS terminal. The state of the art terminal is powered by the leading Android operating system, and enables end-customers to make secure and contactless payments. Wirecard will provide merchants with the Smart POS terminal free of charge for the first six months.

Innovation for Now

Via the online platform InnovationForNow, companies can exchange information, learn about assistance packages, and collectively find ways to innovatively adapt their business models to the COVID-19 crisis. The platform is part of the initiative under the same name, which was launched together with Futur/io. Under the motto Helping people help themselves, other companies are invited to follow the initiative and share their COVID-19 offerings. SAP and VMware are already partners.

The initiative of Wirecard and Futur/io is based on innovation. With the “Innovation for Now” platform, the aim is to find practical solutions and create new initiatives in order to provide concrete and long-term assistance in the form of expertise, services and other offerings. These include solutions for connected working, home office and other digitalization offerings.

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https://www.wirecard.com/company/press-releases/covid-19-wirecard-launches-innovation-for-now-initiativeTue, 31 Mar 2020 07:30:00 +0200
220240<![CDATA[Wirecard expands presence in Mexico]]>
  • Afirme E-Fectiva supports Canal 22 for e-commerce payments, POS spend, and ATM withdrawals

Wirecard, the global innovation leader for digital financial technology, and Banca Afirme, a Mexican financial institution with a nationwide presence, are collaborating to equip television station Canal 22 with employee payout products for e-commerce payments, Point-of-Sale (POS) spend, and ATM cash withdrawals.

Wirecard and Banca Afirme are long standing partners working together to implement and market payout products, branded as Afirme E-Fectiva, in Mexico. The cooperation comes at a time when the Mexican government is strongly supporting cashless initiatives through multiple Ministry-run programs.

Operated by the Ministry of Culture, Canal 22 focuses its programming on cultural and educational themes, airing across Mexico and the United States. As part of the cooperation, Wirecard and Banca Afirme will equip Canal 22 with contactless Mastercard cards. Cardholders can use cards to pay for their travel and other work-related expenses in an entirely cashless way, and without relying on personal bank accounts.

Afirme E-Fectiva cards support e-commerce and POS payments, along with ATM withdrawals. Canal 22 benefits from key features such as streamlined administration of disbursements, bulk loading of payout cards, and an overall reduction of overhead costs, through a robust administration tool called Afirme Payout. Through this cooperation, and in alliance with Banca Afirme, Wirecard is expanding its presence in Mexico for corporate and public sector clients.

“Thanks to Banca Afirme and Wirecard we are streamlining internal processes and implementing spending policies, while giving employees more flexibility when it comes to work-related expense management,” commented a Canal 22 Administration representative. “We are happy to have knowledgeable and experienced partners like Banca Afirme and Wirecard by our side to launch our first-ever payout card project, and we look forward to expanding our cooperation.”

“We are excited to collaborate with Canal 22, one of Mexico’s strongest public television stations,” added Florian Ungethuem, Managing Director North America at Wirecard. “Through our cooperation with Canal 22 we are not only strengthening our presence in Mexico, but also supporting national initiatives such as the drive towards a cashless society and financial inclusion.”

Cardholders do not need a bank account to use Afirme E-Fectiva cards, making them an appropriate solution for unbanked people. As Mexico continues on a path towards greater financial inclusion, a significant part of the population remains unbanked. Afirme E-Fectiva cards offer many benefits to corporate and governmental entities, and cardholders alike.

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https://www.wirecard.com/company/press-releases/wirecard-expands-presence-in-mexicoTue, 24 Mar 2020 07:30:00 +0100
217912<![CDATA[Wirecard expands e-commerce offering for WeChat Pay and enables European merchants fast access to the Chinese market]]>
  • Wirecard and its partner SwissPost offer a complete package including technical integration, payment processing, customs and logistics
  • Shoppers enjoy a smooth and familiar payment flow
  • The integration meets the needs of a key target audience, leading to significantly increased revenues

Wirecard, the global innovation leader for digital financial technology, is further expanding its e-commerce offer for Chinese online shoppers. Thanks to Wirecard, European merchants can integrate the popular payment method WeChat Pay into their online shop in just a few minutes. Chinese customers can now shop online or in the app of these merchants and check out via WeChat Pay. This solution is ideal for European merchants seeking to enter the competitive and growing Chinese e-commerce marketplace. The end-to-end offering also includes logistics and customs support, thanks to SwissPost, as well as consulting and training, so that merchants can get up and running as quickly and effectively as possible.

Online merchants that capitalize on this offering will see WeChat Pay integrated into their in-app checkout page. When a user chooses to pay via WeChat Pay, they are redirected to the app or mobile website, where they can easily and quickly carry out the payment. Shoppers can enjoy an even smoother payment flow, and merchants benefit from a simplified integration into their existing e-commerce infrastructure. In addition, the new offering can drive up conversion rates and customer satisfaction for customers in China, where digital payments are commonplace. Wirecard will process all payments and support merchants with the integration, contributing extensive know-how and experience in navigating Chinese payment methods. The company is also offering virtual workshops and marketing support.

“As e-commerce continues to boom around the world, it is essential for merchants with global aspirations to offer localized payment methods,” commented Christian Reindl, EVP Sales Retail at Wirecard. “Our long-standing experience with Chinese payment methods enables us to support merchants that seek to break into the lucrative Chinese e-commerce market. We are excited to launch this offering and look forward to onboarding even more merchants.”

For further information, please contact chinapay@wirecard.com

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https://www.wirecard.com/company/press-releases/wirecard-expands-e-commerce-offering-for-wechat-payThu, 19 Mar 2020 07:30:00 +0100
164254<![CDATA[Wirecard and Klarna launch joint payment solution for merchants]]>
  • Solution currently available in nine countries, with more geographies coming in 2020

Wirecard, the global innovation leader for digital financial technology, and Klarna, a leading global payments and shopping provider, announced today the launch of a new enhanced joint payment solution. All three Klarna shopping methods, Pay Now, Pay Later and Klarna Financing, can now be embedded into merchants’ checkout via a single integration through the Wirecard digital financial commerce platform to boost average order value, conversions and hence fuel growth for merchants.

As the single point of contact for merchants, Wirecard ensures that Klarna is integrated easily into the merchants’ checkout page as a payment option and also processes all subsequent payments made via Klarna. Merchants that take advantage of the all-in-one-integration will be able to offer consumers the full range of Klarna payment methods in nine countries (Sweden, Norway, Finland, Denmark, Switzerland, Germany, Austria, Netherlands and the United Kingdom) today, and even more regions in 2020 including the US and Australia. In addition, Wirecard and Klarna cover the merchant and consumer risk respectively, meaning that the payments are guaranteed.

Through the cooperation, Wirecard and Klarna will be complementing each other’s services, while growing Klarna’s potential merchant base and global consumer brand. Shoppers will continue to enjoy a smooth, hassle-free checkout experience when paying via Klarna.

“We are proud to team up with Wirecard to combine the best of our offerings into a single solution,” said Luke Griffiths, Commercial Vice President at Klarna. “Our joint partnership will enhance both the merchant and end-customer experiences, while expanding our footprint to more geographies. We are looking forward to launching this attractive solution on a global scale.”

“Shoppers seek, above all, a frictionless shopping journey,” added Kilian Thalhammer, Executive Vice President Product Management at Wirecard. “Klarna Payments will give shoppers exactly that: a hassle-free shopping experience, on their terms. Merchants will also benefit from a more streamlined and efficient integration – meaning that merchants and shoppers are that much closer to their ideal checkout experience. We are happy to join forces with Klarna.”

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https://www.wirecard.com/company/press-releases/wirecard-and-klarna-launch-joint-payment-solutionThu, 12 Mar 2020 07:30:00 +0100
157000<![CDATA[Wirecard and Southeast Asia super app Grab announce payments partnership to drive cashless economy for MSMEs across the region]]>
  • Grab offers a variety of services to consumers in Southeast Asia ranging from ride-hailing and food delivery to digital financial products across payments, lending and insurance
  • Grab, Southeast Asia’s leading super app, is a SoftBank Vision Fund 1 portfolio company

Wirecard, the global innovation leader for digital financial technology, is entering into a payments partnership with Grab, Southeast Asia’s leading super app, that will see Wirecard process transactions made via the GrabPay e-wallet, starting with the Malaysian, the Philippines and the Singapore markets.

Consumers can use their GrabPay e-wallet to pay for transactions online and offline, for example for ride-hailing or food delivery, but can also use it to pay for purchases on e-commerce sites or at physical stores. Through this partnership, Wirecard will process card transactions for GrabPay via its digital financial commerce platform and will extend GrabPay to more merchants to expand the acceptance of the mobile payment method.

According to a recent global Wirecard consumer survey, over 90% of consumers in Southeast Asia have used digital payments both in-store and online. Mobile wallets are almost twice as popular in the region as they are worldwide, with 44% regularly choosing them as a payment method compared to the global average of 25%.

“We are proud to partner with Grab, a Southeast Asian icon,” commented Georg von Waldenfels, Executive Vice President Group Business Development at Wirecard. “Together, we aim to continue disrupting the payment, tech and mobility industries with innovative solutions that can improve the lives of millions.”

Reuben Lai, Senior Managing Director of Grab Financial Group, said, “We are thrilled to partner with Wirecard as we progress on our journey of building a cashless economy for millions of businesses across Southeast Asia. Wirecard’s innovative mobile payments solutions will not only complement our GrabPay e-wallet platform, but also offer businesses and consumers the opportunity to transact with greater security, convenience and flexibility.”

The GrabPay e-wallet is one of the most popular e-wallets in Southeast Asia accepted by over 600,000 merchants and small businesses.

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https://www.wirecard.com/company/press-releases/wirecard-and-grab-launch-strategic-partnershipWed, 11 Mar 2020 07:30:00 +0100
155226<![CDATA[Wirecard delivers on the future of retail with a digitized in-store shopping experience]]>
  • The 360° Retail Experience meets the demand of modern shoppers who expect more tech to enhance their in-store experience

Wirecard, the global innovation leader for digital financial technology, continues to push the boundaries of the customer experience in retail with the new 360° Retail Experience, a prototype of an interactive in-store screen with integrated payment technology. Wirecard’s Innovation Lab has introduced the retail solution to meet the demands of modern shoppers: A recent Wirecard-commissioned global survey found that a majority of shoppers are ready and waiting for retailers to implement innovative payment methods and in-store technologies to enhance their shopping experience.

The 360° Retail Experience, designed with experiential retail studio #SHOWROOMING, is a multi-touch screen equipped with capacitive object recognition: the shopper can take an item from the store, for example a sneaker, place it on the screen, and be presented with various features including hyper-personalization, social media sharing, and instant checkout. The screen combines the digital must-have that today’s consumers seek, with an entirely in-store experience that brick and mortar retailers benefit from. The possibility to checkout via app or mobile site, which can be tailored to the retailers’ preference, and then have the item delivered to a preferred location, gives shoppers a unified commerce experience: a fully digital online checkout carried out in-store, where the shopper can touch and feel the product before buying it.

“Shoppers want more cutting-edge tech, and retailers want to delight shoppers while bringing them back into stores,” commented Jörn Leogrande, EVP Wirecard Labs, “The 360° Retail Experience delivers on both of these needs: customers can see products in person, while enjoying all the benefits technology brings to the retail experience including a quick, fully digital checkout. We see the 360° Retail Experience and similar solutions becoming widespread in the very near future, and we are excited to be at the forefront of this customer experience revolution.”

Image copyright: Interactive Scape GmbH

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https://www.wirecard.com/company/press-releases/wirecard-delivers-on-the-future-of-retailThu, 05 Mar 2020 07:30:00 +0100
154234<![CDATA[Wirecard and Xolo offer seamless banking for freelancers on a global scale within the “gig economy”]]>
  • The combined offering enables a practical and efficient way to manage banking, payments tax and compliance activity
  • The global gig economy market is valued at $204 billion with annual growth of 17%

Wirecard, the global innovation leader for digital financial technology, is cooperating with Xolo, formerly LeapIN, the online platform for launching and running micro-businesses anywhere in the world, to offer fully digital seamless banking for entrepreneurs. The new partnership will enable Xolo, supported by Wirecard’s digital banking services, to revamp and enhance the banking and accounting aspect of its current platform. The companies are collaborating within the so-called “gig economy” which refers to digital platforms that allow independent freelancers to connect with individuals or businesses for short-term services or asset-sharing. This market was valued at $204 billion in 2018 with compound annual growth rate of 17%.

Over 30,000 so-called solopreneurs have already signed up with Xolo. Xolo offers users a holistic business platform that provides incorporation, taxation, banking and accounting services, enabling them to set up and operate a hassle-free virtual business from anywhere in the world. Leveraging on Wirecard’s banking license, Xolo users can virtually open a business bank account within 48 hours, receive a Wirecard-issued debit card, and be able to effectively manage their banking, tax and compliance activity via a unified Xolo operation center.

Allan Martinson, CEO at Xolo, said, “This new partnership marks a significant step for Xolo as we strive to establish a new virtual nation for freelancers and solopreneurs. With the addition of Wirecard’s pioneering digital banking solution, we will continue to build out our vision for enabling millions of micro-businesses to get to market quicker and without the bureaucracy.”

Leonard Coen, Head of Sales, Financial Institutions & Fintech Europe, at Wirecard, added, “We are pleased to support Xolo’s ecosystem of business users with a streamlined and integrated payment and banking experience which will allow them the freedom to innovate and harness the success they seek.”

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https://www.wirecard.com/company/press-releases/wirecard-and-xolo-offer-seamless-banking-for-freelancersMon, 02 Mar 2020 07:30:00 +0100
153769<![CDATA[UnionBank and Wirecard cooperate on digital banking services for corporate customers in the Philippines]]>

As part of its goal of enabling inclusive prosperity in the country, Union Bank of the Philippines (UnionBank) inked a partnership agreement with Germany-based financial services provider Wirecard to make banking services more convenient and efficient for corporate customers in the financial services ecosystem.

The partnership was officiated with a Memorandum of Understanding signing ceremony last December at UnionBank Plaza in Pasig City, Philippines. Under the partnership, Wirecard will leverage solutions within UnionBank’s robust banking ecosystem, such as business banking, electronic fund transfer, and checkwriter in the Philippines. These solutions will allow Wirecard’s Philippines entity to disburse funds easily and securely to suppliers and vendors, and settle payments to merchants via checks and wire transfer.

UnionBank Corporate Banking Center Head Antonino Fajardo said through the partnership, businesses will be empowered with a wider range of banking and finance services, which in turn will enable them to create greater positive impact on the economy.

“Businesses play a big role in the country’s growth. They provide jobs, they contribute to our GDP, and they help build the country through their various corporate social responsibility efforts. With this partnership, we will be able to magnify all of that,” Fajardo said.

General Manager for Wirecard in the Philippines Martha Borja expressed her excitement about the partnership and said they will work hard towards the common goal of both companies to promote financial inclusion in the country.

“As a global innovation leader in digital financial technology, we are committed to providing innovative solutions and services for cashless payments. We are delighted to collaborate with UnionBank – who not only shares the same vision as us to promote financial inclusion in the country, but is also at the forefront of digital transformation in the Philippines, embracing technological innovations to empower customers. Through our cooperation with UnionBank, we can provide our customers with secure and reliable banking facilities that meet their needs,” said Borja.

Meanwhile, UnionBank President and CEO Edwin Bautista cited the country’s exponential growth and said that for the whole nation to benefit, everyone must work together to ensure inclusive prosperity for all.

“The country is moving at a fast rate in terms of growth, and with this comes the possibility of the widening gap between those who make money and those who get left behind,” said Bautista. “We want as much as possible that when the tide rises, all boats get floated, even the small boats.”

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https://www.wirecard.com/company/press-releases/unionbank-and-wirecard-cooperate-on-digital-banking-servicesFri, 28 Feb 2020 07:30:00 +0100
151429<![CDATA[Wirecard helps SIGNAL IDUNA digitally transform its insurance services]]>
  • SIGNAL IDUNA selects Wirecard as payment service provider to improve its online and mobile offering

Wirecard, the global innovation leader for digital financial technology, today announced that it is helping German financial services giant SIGNAL IDUNA extend its online and mobile services with new payment methods. Consumers will be able to take out and pay for insurance online. Wirecard processes the payments as well the payouts in the case of successful claims. The company – that provides insurance policies for health, travel, household and more – also famously sponsors the Borussia Dortmund football stadium, the largest in Germany.

Founded over a hundred years ago and like many organizations in the financial services arena, SIGNAL IDUNA is currently going through a digital transformation. Digitalization is transforming the insurance market. The lines between channels are blurring and competition is intensifying all over the world. To avoid being left behind, savvy insurers are needing to create a seamless personalized experience for policy holders across all their channels. Wirecard offers everything insurers need to enable secure payment processing and an optimal checkout experience. Besides being quick and easy to integrate into existing systems, Wirecard’s solutions can help insurers systematically boost customer loyalty.

Through working with Wirecard, SIGNAL IDUNA has been able to integrate new payment methods seamlessly into an intuitive interface where customers can access its various solutions 24/7.

SIGNAL IDUNA offers powerful insurance and financial products as well as exclusive offerings for private and corporate clients, which are available online. In addition, the company has its own tailor-made app, which is available both in the App Store and in Google Play, so that customers can undertake all their insurance needs on the move.

“We want to provide a quick and targeted service to our customers. The cooperation with Wirecard is a further step in adapting to increasing digitalization and meeting the needs of the digital lifestyle. Thanks to an intuitive payment page based on the Wirecard platform, we can minimize friction and ensure an optimal experience for our customers,” explained Arne Boysen, Head of the Collections Department and Project Manager for the “alternative payment options” project at SIGNAL IDUNA. “The wide range of payment methods as well as the uncomplicated and fast integration were determining factors in choosing to work with Wirecard. Moreover, Wirecard meets our extremely high security requirements.”

“Wirecard is ideally placed to assist organizations such as SIGNAL IDUNA with their digital transformation to ensure they can differentiate themselves in a rapidly morphing marketplace,” added Christian Reindl, EVP Retail & Consumer Goods at Wirecard.

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https://www.wirecard.com/company/press-releases/wirecard-helps-signal-iduna-digitally-transform-servicesTue, 25 Feb 2020 07:30:00 +0100
150025<![CDATA[Wirecard and Raiffeisen Bank International offer comprehensive financial services from a single source across Central and Eastern Europe]]>
  • Raiffeisen Bank International is the second largest bank in Austria and serves the Central and Eastern European region in 13 countries to date
  • Eastern Europe has great potential for cashless payments and is a key region to achieve full European coverage

Wirecard, the global innovation leader for digital financial technology, and Raiffeisen Bank International (RBI) today announced an extensive cooperation in the area of financial services. Within the terms of the agreement, the two companies are jointly offering merchants in a total of 13 Central and Eastern European countries a complete range of financial services via the Wirecard Financial Commerce platform.

In non-EU countries, such as Ukraine or Serbia, RBI takes on the role of the acquirer and processes payments via the Wirecard platform. Merchants also gain easy access to the entire portfolio of payment services the Wirecard platform offers. The integration of these services into their business is therefore quick and easy.

“With RBI, we have a strong partner at our side for further expansion into Eastern European markets. This enables us to take advantage of the great potential in this region, where 50 percent of transactions are still carried out with cash. Initial projects are already being implemented, and we are looking forward to connecting even more merchants to our platform,” said Roland Toch, Managing Director Central and Eastern Europe at Wirecard.

“Thanks to our cooperation with Wirecard, merchants can not only improve their digital payment processes, but also optimize the entire customer experience thanks to the wide scope of services the Wirecard platform offers. Together, we offer everything merchants need, namely payment acceptance in combination with technical expertise and comprehensive financial services,” added Andrii Stepanenko, Member of the Management Board and responsible for Retail Banking at RBI.

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https://www.wirecard.com/company/press-releases/wirecard-and-rbi-offer-financial-servicesWed, 19 Feb 2020 07:30:00 +0100
144269<![CDATA[Wirecard and wirecube win BILLA as a customer and turn daily shopping into a digital journey]]>
  • The shopping app shopreme by wirecube to be implemented via BILLA Scan & Go
  • Wirecard will process all in-app payments
  • Benefits include: simplified purchasing process, fast and secure cashier-less payment, and the automatic integration of the jö Bonus Club

Wirecard, the global innovation leader for digital financial technology, and wirecube have won Austria's largest supermarket chain BILLA as a new customer. With the BILLA Scan & Go app, customers can pay for their purchases directly in the app. The solution can be used for all products that are available in-store. Part of the REWE Group, BILLA operates 1,100 stores in Austria.

With BILLA Scan & Go, the entire purchasing process is digitalized and simplified. Customers can not only scan desired products themselves on their own mobile phones, but can also pay for them directly in the app, thanks to Wirecard’s integrated payment solution. Queuing up will as a result become history. After the payment is completed, a digital invoice is automatically created which is compliant with local security and tax regulations.

For recurring purchases, the payment details can be stored directly in the app, further simplifying and accelerating the entire process. Another advantage is the integration of the jö Bonus Club in the app. The user needs to activate this function only once, after which they can collect bonus points automatically and no longer need to present their jö Card.

“At Wirecard, we want to make the payment process as fast, simple and pleasant as possible. The new BILLA app is a further example of how new technologies can be used to create outstanding customer experiences that offer genuine added value for consumers,” said Alexander Hahn, Vice President Sales Retail at Wirecard.

“With BILLA Scan & Go, BILLA is being recognized as the retail innovation leader in Austria. BILLA customers experience a new way of shopping and it is exciting to see how well the app is received,” added Florian Burgstaller, CEO of wirecube.

Interested parties will be able to experience this and other digital retail solutions up close this week at EuroShop in Dusseldorf and in March at the Internet World Expo in Munich.

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https://www.wirecard.com/company/press-releases/wirecard-and-wirecube-win-billa-as-a-customerMon, 17 Feb 2020 07:30:00 +0100
143901<![CDATA[Wirecard AG: Preliminary results 2019]]>

Wirecard AG continued its growth course in fiscal year 2019, substantially boosting both sales revenues and earnings.

According to preliminary figures, consolidated sales revenues in 2019 rose to EUR 2.8 billion and thus by around 38 percent (2018: EUR 2.0 billion). Preliminary earnings before interest, taxes, depreciation and amortization (EBITDA) rose in the past fiscal year by around 40 percent to EUR 785 million (2018: EUR 561 million). Adjusted for extraordinary expenses for audit, advisory and legal services in Q4/2019, EBITDA amounts to EUR 794 million, an increase of 42 percent.

In the fourth quarter, preliminary consolidated revenues increased by 46 percent to EUR 835 million compared to the same quarter in the previous year (2018: EUR 571 million). Preliminary earnings before interest, taxes, depreciation and amortization (EBITDA) increased during this time period by about 41 percent to EUR 232 million at Group level (Q4/2018: EUR 165 million). Adjusted for extraordinary expenses for audit, advisory and legal services which were incurred in Q4, EBITDA for the fourth quarter was EUR 241 million, corresponding to an increase of around 46 percent.

Dr. Markus Braun, CEO Wirecard AG, said: "This is a strong result on our path for profitable growth. Above all, it is very clear evidence of the sustained profitability of our business model. Digital payment transactions have already overtaken cash payments in some countries. Our structural growth drivers reveal considerable potential and are therefore also an outlook for Wirecard's future.”

Alexander von Knoop, CFO Wirecard AG, said: "Wirecard's financial performance seamlessly continues the good results of previous years. Targeted investments with a constant focus on active cost management have again resulted in outstanding EBITDA in 2019. In addition, we expect a strong cash flow".

For the current fiscal year 2020, the Management Board confirms its outlook and expects earnings before interest, taxes, depreciation and amortization (EBITDA) in a range of EUR 1.0 billion to EUR 1.12 billion.

All results mentioned are preliminary. The audited consolidated financial statements for 2019 will be published on April 8, 2020.

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https://www.wirecard.com/company/press-releases/wirecard-ag-preliminary-results-2019Fri, 14 Feb 2020 07:40:00 +0100
136551<![CDATA[Wirecard becomes official development partner of SAP to drive innovative customer experiences]]>
  • Wirecard and SAP are deepening their long-standing partnership
  • Wirecard is an official development partner of SAP in the area of cloud solutions within the framework of the SAP PartnerEdge Program

Wirecard, the global innovation leader for digital financial technology, and SAP, the market leader in enterprise application software, are taking their long-standing partnership to a new level. Wirecard will combine its technologies with individual product divisions of SAP to deliver joint solutions that complete the customer journey and offer new kinds of digital customer experiences. Possible application scenarios include the area of “New Mobility” as well as in retail and sporting events.

As a member of the SAP PartnerEdge Program, Wirecard will be an official development partner in the area of cloud solutions and integrate its payment technologies, services and innovations with selected SAP product lines. The aim is to enable optimal customer lifecycle management across all touchpoints.

“We are very proud of this partnership with SAP. Our goal is to develop innovative solutions that will deliver revolutionary customer experiences. We look forward to presenting the first results of our cooperation in the coming weeks,” said Florian Eder, Head of Partner Management at Wirecard.

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https://www.wirecard.com/company/press-releases/wirecard-becomes-official-development-partner-of-sapMon, 10 Feb 2020 07:30:00 +0100
134991<![CDATA[European debut at Munich Airport: Wirecard, SES-imagotag and wirecube enable mobile and cashless payment in one of Europe’s busiest airports]]>
  • The mobile payment solution “Smart Checkout - Tap, Pay, Enjoy” gives travelers a fast, seamless and digital shopping experience

Munich Airport is the first airport in Europe to offer a new mobile, cashless payment system in a retail location. The airport is playing a key role in driving forward easy payments in the retail sector with a self-checkout. The solution was developed by Wirecard in cooperation with SES-imagotag and wirecube, while eurotrade, a subsidiary of Flughafen München GmbH, laid the cornerstone for its introduction at Munich Airport. Consumers can pay for items with their own smartphone directly at the shelf using an electronic price tag, without having to wait in line at the checkout. Instead of paying via an app, the customer pays via a mobile website, meaning that, unlike similar solutions in the European market, users do not need to download an app beforehand.

To shop and add items to the shopping cart, customers simply hold their smartphone in front of an SES-imagotag digital price tag. The product is registered either via Near Field Communication (NFC) or by QR code scan. After a few seconds, the smartphone automatically opens the mobile web app by wirecube, where the customer can easily complete the purchase. To do so, the customer can either scan their credit card via their smartphone’s camera function or enter their credit card data manually. Alipay is also available as an alternative payment option.

Munich Airport’s roughly 48 million annual passengers can now use the new mobile payment solution for a select range of products in the “MyCorner” store in the Terminal 2 passenger area. The innovative solution is being piloted in a high-traffic area frequented by a mostly international audience. Following the pilot phase, the solution will be extended to other eurotrade units, including 12 duty-free shops and 14 other shops selling press items, travel goods and souvenirs.

The application is based on three solutions:

  1. The VUSION Electronic Shelf Labels (ESL) by SES-imagotag, the world’s leading provider of digital IoT solutions for stationary retail
  2. The payment technology of Wirecard, the global innovation leader for digital financial technology
  3. The Scan&Pay solution shopreme by wirecube, a software company specializing in retail digitization

Where SES-imagotag labels are present, retailers can install the new solution easily and cost-effectively. The labels can be turned into an additional point of sale, which is more economical to install and maintain than conventional POS systems. In addition, the VUSION IoT solution developed by SES-imagotag enables retailers to almost completely automate low value-added processes, increase efficiency and improve in-store customer connectivity.

In the future, not only travelers and retailers in Munich Airport will benefit from the new solution, but also customers and retailers worldwide. In addition to the “MyCorner” shop at Munich Airport, the “Smart Checkout - Tap, Pay, Enjoy” solution can be tested at the joint stand of Wirecard, SES-imagotag and Deutsche Telekom in Hall 6/ A27, A31, A41 at the EuroShop trade fair in Düsseldorf from 16 to 20 February 2020.

Supporting quotes:

Sven Zahn, Managing Director of eurotrade Handels-GmbH: “The new solution gives our customers, for the first time, the possibility to self-checkout, which offers significant added value when traveling: The customer avoids waiting times at the checkout. At the same time, as a subsidiary of Munich Airport, we expect sales growth, especially for fast-moving goods purchased on the go. With ‘Smart Checkout - Tap, Pay, Enjoy’ we are setting new standards in mobile payment together with Wirecard, wirecube and SES-imagotag.”

Philipp Ahrens, Vice President Center Management at Munich Airport: “With our new solution, Munich Airport is actively shaping digitization in the retail sector and once again proving that we offer not only a highly frequented and international retail location, but also one that is increasingly innovative. By simplifying and accelerating the checkout process, we are enabling our roughly 48 million annual passengers to enjoy an even better shopping experience and meet their ever-growing demands.”

Alexander Hahn, Vice President Sales Retail at Wirecard: “We are pleased that travelers from all over the world can now benefit from this new technology at Munich Airport. Instead of long waiting times at the checkout, they can now expect a fast, seamless and digital shopping experience in our pilot store and soon in other airport shops as well.”

Michael Unmüssig, Senior Executive Vice President Group Marketing at SES-imagotag: “With digitalization and state-of-the-art IoT technology, Munich Airport is setting new standards in its shopping area. Long queues at the checkout are now a thing of the past for travelers at the airport. The new ‘MyCorner’ business fulfils the digital wish of many travelers. We are very proud to be part of that solution.”

Florian Burgstaller, Managing Director of wirecube: “We are proud to see our Scan&Pay solution, shopreme, in operation at Munich Airport. The airport was an excellent choice for our shopreme web solution, which offers a state-of-the-art shopping experience without the need of an app.”

Professor Dr. Gerrit Heinemann, Head of the eWeb Research Center and retail expert at the Niederrhein University of Applied Sciences: “Especially in stationary self-service retail, which is now the largest in the retail sector, a key component has been missing in Germany – self-checkout. This not only enables customers to shop faster, but also gives retailers a significant boost in efficiency, which in light of today’s online competition ensures their competitiveness and thus their existence.”

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https://www.wirecard.com/company/press-releases/smart-checkout-munich-airportThu, 06 Feb 2020 07:30:00 +0100
134122<![CDATA[Wirecard research finds majority of consumers are ready and waiting for next-generation technology to improve their shopping experience]]>
  • 58% of consumers identified mobile payments as being the most important shopping-related technology to improve their buying experience with biometric payments/cashier-less stores second (45%) and VR/Augmented Reality (AR) third with 25%

Most shoppers are now ready and waiting for retailers to implement innovative payment methods and in-store technologies to improve their shopping experience. These findings are part of a global study of 6,000 consumers in select countries in Europe, APAC and the Americas, commissioned by Wirecard, the global innovation leader for digital financial technology.

“Our research has found that the ‘mass market’ of shoppers are now ready to use and adopt innovative new technologies that will improve their in-store shopping experience and make it as easy as possible for them to purchase products in the way that best suits them. These technologies are no longer gimmicks or only used by early adopters, yet many retailers are failing to listen to their customers and keep up with their demands,” commented Markus Eichinger, EVP Group Strategy at Wirecard. “At a time when brick-and-mortar stores are struggling to compete with online sales, combining payments with other technologies is a fundamental step in adding value for customers.”

Key findings:

1. Convenience is king

Globally and regionally, consumers want to use new technologies that make the shopping experience more convenient. This includes using:

• An app to purchase products using the self-checkout (71% somewhat or very interested)
• A smart mirror to allow them to view additional products, request other items and purchase goods without a checkout (65% somewhat or very interested)
• Unmanned stores like Amazon Go (61% somewhat or very interested)
• Virtual reality (VR) to try on items of clothing before buying them online (61% somewhat or very interested).

Interestingly, shoppers from Malaysia, Thailand and Brazil were among the most open to using these new technologies, with shoppers from the US, Australia and France among the lowest. Nearly all (93%) of Thai respondents are very or somewhat interested in using an app to purchase products using the self-checkout, compared to 62% of UK consumers and 51% of Australians. Just 38% of Australians said they are either very or somewhat interested in unmanned stores like Amazon Go, compared to 56% of UK and 88% of Thai consumers.

2. Mobile payments are a given

Mobile payments are important to consumers and should be a given. 44% of consumers said they either somewhat or strongly agree that if a physical store didn’t offer ways to purchase using their mobile phone, they’d be less likely to shop there. 79% of Malaysian consumers said they either strongly or somewhat agreed with this.

When asked which shopping-related technology development they would like to see implemented to improve their buying experience, 58% of survey respondents identified mobile payments as being the most important, with biometric payments/cashier-less stores second (45%) and VR/Augmented Reality (AR) third with 25%.

3. Biometric pays

Wirecard’s research indicates that it pays for retailers to implement biometric payment methods. Three in five would be interested in using biometric data to purchase products online (66%) and in-store (68%). Comparatively, 89% of Thai consumers would be interested in using biometric data to purchase online compared to 53% of German consumers. When using biometric data to authorize payments, consumers are, on average, willing to spend $56. This drops to $43 when authorization isn’t required.

4. Voice-assisted shopping – not as far-fetched as you might think

Despite often being dismissed as a gimmick, 57% either strongly or somewhat agreed that using voice-assisted devices such as Amazon Alexa and Google Home Hub would make shopping easier, and 44% either strongly or somewhat agreed that they would trust voice-assisted payments to do their weekly shop. Once again Thai consumers were the most open to new technologies with 92% either strongly or somewhat agreeing that voice-assisted devices would make shopping easier, compared to 38% of Australians.

5. Customers do their homework online – while in-store

Consumers are interested in using technology to research products while they are in-store before they purchase. 74% are at least somewhat interested in using an app on their phone or the store’s website on their phone to find out more about the product they are looking at, while at least 72% have some interest in using in-store screens such as tablets and 60% are at least interested in using VR.

“A long way from being far-fetched gimmicks, our research shows that there’s a definite appetite for Virtual Reality, voice-assisted shopping, and cashier-less stores. Something needs to change if retail wants to revive footfall in physical stores. The research is there – greater integration of technology is what customers want. Retailers should instead embrace technology, in the same way the modern shopper has,” continued Markus Eichinger.

The independent survey was carried out by Vanson Bourne on behalf of Wirecard in Q4 2019. A total of 6,000 consumers over the age of 18 in select countries in Europe, APAC and the Americas provided answers. For further insight and more information about consumers’ shopping behavior, download the full e-book here.

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https://www.wirecard.com/company/press-releases/global-consumer-surveyTue, 04 Feb 2020 07:30:00 +0100
129574<![CDATA[Wirecard and HEYTEA, China’s most popular tea brand, launch mobile app, driving digitalization and improving the customer experience]]>
  • Wirecard is providing seamless payment options to customers across all stores in Singapore and Hong Kong via the new mobile app, HEYTEA GO
  • Established in 2012, the Chinese tea chain has opened more than 400 stores in over 37 cities in China and abroad

Wirecard, the global innovation leader for digital financial technology, has won HEYTEA, China’s most popular tea brand, as a new client in South-East Asia. As part of the collaboration, Wirecard provides seamless payment solutions to customers in all stores in Singapore and Hong Kong via HEYTEA GO, a newly launched mobile app which allows users to order and pay online without waiting in stores. Founded in China in 2012, the tea chain now manages more than 400 stores in over 37 cities in China and abroad.

Since 2012, HEYTEA has been committed to serving the finest tea drinks made with originality and ingenuity. To keep pace with digital transformation, the company incorporates technology to enhance its operations. The HEYTEA GO app allows customers to skip queues by placing and paying for their orders before visiting the store. The app also shows an estimated wait time and sends push notifications to customers when their drinks are ready for collection. By integrating Wirecard’s payment technology, both customers and the retailer benefit from enhanced operational efficiency and improved customer experiences.

Kiki Zhou, Public Relations Manager at HEYTEA said, “In today’s digital world, we find it essential to incorporate technology in our operations and keep pace with customers’ preferences and expectations. In cooperation with Wirecard, we launched HEYTEA GO to improve the customer experience where users can customize, order and pay for their drinks in a quick and seamless manner. We’re delighted to partner with Wirecard as we continue to expand our brand across Asia.”

Alson Lau, Head of Business Development APAC at Wirecard, added, “We’re excited to collaborate with HEYTEA to enable cashless payments for customers in Singapore and Hong Kong. The launch of HEYTEA GO supports the growing trend of online-to-offline integration, and by integrating our payment technologies, we can provide more options to tech savvy customers while improving efficiencies for both customers and the retailer. We look forward to deepening our partnership with HEYTEA.”

With Wirecard’s payment technology, HEYTEA customers can now pay for their purchases using their credit card via the HEYTEA GO app. HEYTEA GO currently has a registered user base of more than 10 million worldwide and generates half of the total orders, with the average monthly re-purchasing rate tripling.

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https://www.wirecard.com/company/press-releases/wirecard-and-heytea-launch-mobile-appFri, 31 Jan 2020 07:30:00 +0100
124687<![CDATA[Wirecard and UZE Mobility partner to launch innovative services in e-mobility]]>
  • UZE Mobility offers an electric vehicle fleet which can be used for a variety of e-mobility solutions
  • Wirecard is the preferred payment partner for the UZE Mobility marketplace

Wirecard, the global innovation leader for digital financial technology and UZE Mobility, open innovation platform for e-mobility services, have entered into a strategic partnership. The companies will join forces, combining their payment and geolocation technology to launch innovative services in e-mobility and further driving the megatrend New Mobility and Commerce on the Move.

In 2019, UZE Mobility started to provide cities with a fleet of multi-purpose carsharing vehicles and will scale in 2020 with so-called Digital Kits. These are digital advertising displays that are placed on each vehicle type and managed via the UZE Mobility platform. When in use, the vehicles safely capture geolocation data, which can be used by public and private entities in the creation of electronic maps, geotagging, and other uses in the field of mobility. This service is free for users, who contribute to the UZE Mobility marketplace with data collected only from the vehicle’s location and surroundings.

Simultaneously, the vehicles offer a one of a kind advertising space. This form of digital advertising gives businesses the opportunity to promote their products and services in precise demographic areas to reach a desired target market. For example, a retailer can advertise the opening of a new store branch on a vehicle travelling in the respective neighborhood. According to a 2019 report by Zenith Media, out-of-home advertising (OOH) expenditure is steadily increasing on a yearly basis, globally: in 2018, the global spend topped USD 38.5 billion, with that figure expected to hit USD 42.2 billion by 2021. As part of the cooperation, Wirecard will be the preferred payment partner for transactions carried out on the UZE marketplace.

“We are delighted to partner with Wirecard as we forge the path towards the future of mobility,” commented Sebastian Thelen, Co-Founder and CIO at UZE Mobility.

Alexander Jablovski, CEO and Co-Founder at UZE Mobility, said, “In Wirecard, we have found the technology partner with whom we are leveraging the enormous potential of mobility data that is still largely untapped today in order to open up new markets. I am very glad to partner with one of the most innovative companies in its field.”

“In 2020, we expect the Commerce on the Move trend to gain momentum and bring even more innovative, ground-breaking ideas to the mobility market,” added Stephan Ritzenhoff, Principal Manager Strategic Alliances at Wirecard. “For this reason, we are proud to cooperate with UZE Mobility, true innovators in the field of e-mobility. We look forward to working with UZE Mobility and making the future of mobility happen today.”

The UZE Ads Kits have received their road approval and successfully passed the proof of concept stage. By 2020, UZE Mobility aims to bring between 500 and 1,000 of these systems onto the roads in the DACH region. In addition, UZE Mobility is currently adding further display providers to its Mobility Digital out-of-home platform. UZE Mobility plans to scale accordingly in Europe and internationally in 2020. In addition, metropolitan areas such as Mexico City and San Francisco have expressed interest in the data platform and advertising systems of the company.

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https://www.wirecard.com/company/press-releases/wirecard-and-uze-mobility-partnerThu, 23 Jan 2020 07:30:00 +0100
123708<![CDATA[Wirecard and EasyTransfer make payment easy for international Chinese students]]>
  • Wirecard’s fully digital mobile payment platform for use by China’s EasyTransfer
  • There are over 1,800,000 Chinese students studying outside of China

Wirecard, the global innovation leader for digital financial technology, and EasyTransfer are collaborating to enable seamless mobile payments for digital-native Chinese students. Together the two companies are launching a new mobile payment and loyalty app designed for Chinese students studying outside of China. Approximately $3.8 billion in tuition payments were transferred via EasyTransfer in the first year alone.

EasyTransfer was founded by a group of former international students who wanted to help simplify tuition payments for students worldwide. The company streamlines the entire traditional wire transfer process and makes it fully digital, saving students, as well as their families precious time and offering peace of mind so that they can concentrate on their studies. After rapidly expanding to over 30 countries around the world, EasyTransfer has seen an 829% growth in transaction volume and 1079% growth in overall number of transactions over the past two years.

Due to its strategic position and relevance for an ever-growing segment of Chinese international students, EasyTransfer already has connections with multiple Chinese banks. However, a solution that offers continuity and a seamless payment process in their host country that ultimately ensures that the students studying abroad can stick to their payment habits, centered around secure mobile payments, was mission critical to further deepen the relationships EasyTransfer has with its consumers.

Wirecard has customized its intelligent mobile payment platform specifically for EasyTransfer. EasyTransfer will be able to offer Chinese international students flexible and familiar payment processes as well as a wealth of loyalty features and ancillary services from its vast network of partner merchants. Thanks to this collaboration, students can effortlessly shop online and offline via Wirecard-issued fully digital payment products, pay for meal plans, receive targeted partner merchant offers, make peer-to-peer transactions and manage expenses through the EasyTransfer app at the push of a button.

“Ease of use is imperative for EasyTransfer. Its success is built upon a highly consumer-centric approach and active engagement with its users,” commented Georg von Waldenfels, Executive Vice President Group Business Development at Wirecard. “The future of payment globally is simple, intelligent, and mobile. EasyTransfer agrees with this vision. Thanks to EasyTransfer and Wirecard, international Chinese students can not only manage their personal finances securely and comprehensively in their host country but they can do so in a manner already familiar to them, garnering assurance and peace-of-mind.”

“It is our mission to set the standard by which all other companies are compared. We want to become the number one financial service provider for the more than 1,800,000 Chinese students that now study abroad. We want to achieve this through exceptional customer service and a revolutionary user experience. Wirecard’s support and expertise in international payments is imperative to us in achieving that goal,” said Yutong (Tony) Gao, President of EasyTransfer.

Wirecard will initially enable EasyTransfer’s first phase roll-out in the United Kingdom, while later on expanding into markets like Australia, North America and other Chinese student destinations.

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https://www.wirecard.com/company/press-releases/wirecard-and-easytransfer-make-payment-easyMon, 20 Jan 2020 07:30:00 +0100
121811<![CDATA[Change at the top of the Supervisory Board of Wirecard AG]]>
  • Wulf Matthias resigns from the chair of the committee

The Chairman of the Supervisory Board of Wirecard AG (WDI, SIN: DE0007472060), Mr. Wulf Matthias (75), has decided to relinquish his position as Chairman of the Supervisory Board with immediate effect, thus initiating a generational change. Mr. Wulf Matthias has headed the Supervisory Board since 2008 and will continue to serve on the Supervisory Board of Wirecard AG as an ordinary member until the end of his term of office in summer 2021, supporting the corresponding transition.

Thomas Eichelmann (54) has been a member of the Supervisory Board of Wirecard AG since mid-2019 and heads the Audit Committee. Today, he was unanimously elected by the Supervisory Board as its new Chairman and will assume this task in addition to his work on the Audit Committee.

Wulf Matthias said: "It was a special honour for me to accompany this extraordinary company and its management team over the past 11 years as Chairman of the Supervisory Board. During this time, Wirecard AG has achieved a growth and success story unparalleled in Germany's recent economic history. Today, Wirecard is an internationally operating blue-chip company and has thus entered a new phase of its corporate development. I am now pleased to hand over the chairmanship of the Supervisory Board to Mr. Eichelmann.”

Thomas Eichelmann said: "I am delighted to be elected as Chairman and the confidence placed in me. With all my experience, I will be pleased to accompany Wirecard AG in its next growth phase and during the further development of the company.”

Markus Braun, CEO Wirecard AG: "I would like to take this opportunity to express my heartfelt personal thanks to Wulf Matthias for his extraordinary services to our company. At the same time, I am looking forward to working with Thomas Eichelmann.”

Thomas Eichelmann has held various supervisory mandates over the past decade. He was a member of the Supervisory Board of the international construction group HOCHTIEF from 2011 to 2014, most recently as its Chairman. From 2012 to 2017 he was a member of the Supervisory Board of Wüstenrot & Württembergische AG and chaired the Audit Committee. He headed the Board of Directors of Edag Engineering Group AG until 2018 and has been a member since 2010. The business graduate (lic.oec.publ.,1994) studied at the Universities of Zurich and Stuttgart-Hohenheim, after training as a banker at Deutsche Bank, Frankfurt.

Thomas Eichelmann was CEO of ATON / Horus holding company until 2018. Prior to this, the financial expert was a member of the Group Executive Board of Deutsche Börse AG from 2007 to 2009 as Chief Financial Officer and Chief Human Resources Officer. Thomas Eichelmann worked for the management consultancy Roland Berger from 2000 to 2007, most recently as Managing Director and Senior Partner of the Roland Berger Group. He also headed the Financial Services Competence Center.

The members of the Supervisory Board of Wirecard AG are Mr. Thomas Eichelmann (Chairman), Mr. Stefan Klestil (Deputy Chairman), Dr. Anastassia Lauterbach, Mr. Wulf Matthias, Ms. Vuyiswa V. M'Cwabeni, and Ms. Susana Quintana-Plaza.

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https://www.wirecard.com/company/press-releases/change-at-the-top-of-the-supervisory-board-of-wirecard-agFri, 10 Jan 2020 08:00:00 +0100
120208<![CDATA[Sprint and Wirecard drive new innovation in IoT and Unified Commerce to deliver the Internet of Payments]]>
  • The two companies have integrated Sprint’s Curiosity™ IoT platform and Wirecard unified commerce solutions to serve global clients
  • The collaboration has been facilitated in strategic alignment with SoftBank Investment Advisers

Wirecard, the global innovation leader for digital financial technology, and Sprint (NYSE: S), a leading US communications services company, today announced a new relationship that will integrate Wirecard’s unified commerce solutions into Sprint’s Curiosity™ Internet of Things (IoT) platform to deliver the “Internet of Payments”. The announcement was made at CES 2020. The two companies, brought together by SoftBank Investment Advisers, are collaborating to embed payment capabilities in IoT deployments, bringing added value to enterprise clients on a global scale.

Sprint’s Curiosity™ IoT platform represents a new standard in how enterprises manage and secure IoT devices and connectivity. The platform combines Curiosity™ Core, the first dedicated, distributed and virtualized IoT network, with Curiosity™ OS, an integrated IoT operating system, to bring networks to data collection sites and enable the future of commerce.

Worldwide IoT market revenue reached USD 212 billion in 2019, with worldwide expenditure projected to reach USD 1 trillion by 2022. Total worldwide IoT connected devices are projected to reach 75.44 billion by 2025, a fivefold increase from 2015.

Wirecard unified commerce solutions drive the digital transformation of retail by delivering a seamless payment experience across channels and beyond borders. Sprint is integrating these capabilities into Curiosity™ IoT, and the companies are jointly exploring opportunities across various market segments, as part of a broader collaboration.

Sprint and Wirecard will initially focus on the retail segment, in which they are working to define and deliver the retail experience of the future, across all channels, with a unified commerce approach. The joint capabilities enable merchants to meet current and future customer expectations with an intelligent, connected buying experience.

“We’re pleased to integrate Wirecard solutions into our robust IoT platform,” said Ivo Rook, Senior Vice President, IoT & Product Development for Sprint. “This opens up many commercial opportunities, and also delivers an unparalleled commerce solution for our global clients and their customers. As IoT becomes even more central to how enterprises run, we look forward to identifying new opportunities and use cases for these technologies.”

“Collaborating with Sprint is a tremendous opportunity to expand our collective reach and capabilities, plus meet a growing demand for commerce without barriers,” said Georg von Waldenfels, EVP Group Business Development at Wirecard. “Adding Wirecard unified commerce solutions to Sprint’s game-changing IoT technology is a significant step toward developing the shopping experience of the future and we look forward to all the possibilities this cooperation offers us.”

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https://www.wirecard.com/company/press-releases/sprint-and-wirecard-drive-new-innovation-in-iot-and-unified-commerceWed, 08 Jan 2020 07:30:00 +0100
116997<![CDATA[Wirecard and Singapore’s largest currency exchange network FXChange simplify payments for every traveler]]>
  • FXChange operates 100 self-service kiosks and serves over 600,000 customers annually
  • The new offering integrates Wirecard’s digital platform with FXChange’s kiosk network
  • Wirecard issues the Visa cards and corresponding app which consumers can use at 61 million Visa merchant locations worldwide

Wirecard, the global innovation leader for digital financial technology and FXChange, Singapore’s largest self-service currency exchange network, are collaborating to provide outbound and inbound travelers in Singapore with simple and flexible digital payment options. The companies are launching multi-currency Visa cards and a corresponding app which will offer travelers the chance to combine payment with the possibility to earn and redeem points at hotels, F&B outlets and other amenities. Wirecard will issue and manage the payment solution via its digital platform. Travelers benefit from a seamless customer journey – from exchanging and loading currencies at self-service kiosks, to paying fully digitally at any of the 61 million Visa merchant locations worldwide.

FXChange is a Singapore-based operator of automated self-service currency exchange machines, also known as FXC kiosks, that enables travelers to exchange foreign currencies and Singapore Dollars. Licensed by the Monetary Authority of Singapore, it provides currency exchange via more than 100 self-service kiosks across major hotel groups and tourism hotspots in Singapore. The company serves over 50,000 users per month.

The collaboration with Wirecard will make it easier for travelers to make cashless payments abroad, eliminating the hassle and cost of foreign currency exchange. The new multi-currency payment solution enables customers to enjoy traveling without carrying cash, or avoid dealing with fluctuating exchange rates. Travelers can use it to exchange Singapore dollars and load up to 12 foreign currencies. The multi-currency Visa prepaid card and app offers a smart and convenient solution that meets the demands of international travelers.

Chan Han Zong, Chief Operating Officer of FXChange, said, “We are delighted to work with industry experts like Wirecard and Visa to offer a convenient and secure payment solution. With this, consumers can make cashless payments abroad at competitive foreign exchange rates, and gain access to our network of forex kiosks to withdraw and deposit foreign currencies. We look forward to furthering this collaboration to build an inclusive travel money platform that serves a wide segment of travelers who are increasingly tech-savvy and have higher spending power.”

Grigoriy Kuznetsov, EVP of Global Financial Services at Wirecard, said, “We’re delighted to support FXChange to provide a one-stop solution to travelers who are increasingly turning to cashless payments. By integrating Wirecard’s digital platform with FXChange’s kiosk network, we will bring this innovative solution to more people across the world, further driving the cashless society.”

The multi-currency solution is planned to roll out in the next few months. Travelers can sign up for the card at any of the FXC kiosks in Singapore, and choose from multiple payment methods, and start using it at any Visa merchant. Travelers can also withdraw foreign currencies by scanning a QR code, and deposit their leftover currencies into the app via the self-service kiosk. Travelers do not need a bank account to obtain the card and there is no sign-up and no annual fee.

FXChange will be expanding their footprint of its self-service forex kiosks to Malaysia, Indonesia and Thailand by the second quarter of 2020. The company recently launched a beta mobile app and a two-way currency machine known as FXC Plus kiosk at Jewel Changi Airport for Singapore residents. Using the app, Singapore residents traveling outside of the country can now purchase up to 12 major foreign currencies and self-collect via the kiosk by scanning a QR code.

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https://www.wirecard.com/company/press-releases/wirecard-and-fxchange-simplify-paymentsFri, 20 Dec 2019 07:30:00 +0100
115316<![CDATA[Wirecard wins GetYourGuide as new client for global digital payments]]>
  • GetYourGuide is a portfolio company of the SoftBank Vision Fund

Wirecard, the global innovation leader for digital financial technology, and the travel experience booking platform GetYourGuide have announced their collaboration. As part of the cooperation, Wirecard will make it easier to reconcile transactions between GetYourGuide and the thousands of providers of attractions and experiences that can be booked through the GetYourGuide marketplace.

GetYourGuide connects travelers around the world with its global network of travel experiences. Since its foundation in 2009, travelers from more than 170 countries have booked over 30 million tours, activities and sightseeing tickets via the booking platform. According to Phocuswright, the global market for tours and activities is forecast to reach $183 billion in sales by 2020, making it the fastest growing segment in the global tourism industry.

“At Wirecard, our goal is to sustainably improve customer experiences through innovative technologies. We share this vision with GetYourGuide and are excited about facilitating the growth of its offering so that it can provide more travelers with unique experiences,” said Jan Rübel, VP Sales Travel Europe at Wirecard.

“GetYourGuide is on a mission to seamlessly connect travelers around the world with the best local experiences. Smooth and reliable payments between GetYourGuide and our business partners are crucial for delivering on that mission. Wirecard will help us to continue to ensure these transactions are processed as quickly and flexibly as possible and that our financial platform scales in pace with our business,” added Nils Chrestin, Chief Financial Officer at GetYourGuide.

GetYourGuide uses Wirecard’s Supplier and Commission Payments (SCP) offering to pay individual attractions and experience providers faster and more efficiently. Virtual credit cards are issued by Wirecard to simplify and accelerate B2B payment transactions. The mapping of individual transactions to the relevant booking information automates payment reconciliation and improves accounting processes.

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https://www.wirecard.com/company/press-releases/wirecard-wins-getyourguide-as-new-client-for-global-digital-paymentsWed, 18 Dec 2019 07:30:00 +0100
115645<![CDATA[Wirecard delivers customer-driven experiences in Singapore with Brotzeit, one of the world’s leading franchised German concept casual dining restaurants]]>
  • International customers in Singapore will benefit from Wirecard’s dynamic currency conversion solution, allowing them to pay in their home currency
  • With 13 outlets in seven countries, Brotzeit is one of the world’s leading franchised German concept casual dining restaurants

Wirecard, the global innovation leader for digital financial technology, is collaborating with Brotzeit, one of the world’s leading franchised German concept casual dining restaurants to deliver customer-driven experiences. Specifically, Wirecard is supporting Brotzeit to offer dynamic currency conversion (DCC) for all travelers in Singapore. Available at all Brotzeit restaurants in Singapore, foreign travelers can now choose to pay for their food and drinks in Singapore dollars or in the currency of their choice. Established in Singapore in 2006, Brotzeit has 13 outlets in seven countries worldwide, including Australia, China, Hong Kong, Malaysia, Philippines and Vietnam.

Millions of people visit Singapore each year, spending money on food, retail, entertainment and other items. According to latest statistics by TODAY, 18.5 million people visited Singapore in 2018, up 6.2% from 2017. Another study reported in Business Insider revealed that travelers visiting Singapore spent a total of US$2.2 billion on dining, which places Singapore third in Asia.

Brotzeit is a popular dining restaurant amongst foreign customers, and has an average of 21% for foreign credit card transactions per month. With this collaboration in place, Wirecard is expanding Brotzeit’s payment options to international customers, allowing them to choose their preferred payment method for a seamless experience at Brotzeit outlets in Singapore.

“We aim to provide the best service to our customers, and this includes making payments easy and seamless at our restaurants,” said Carsten Kjeldmann, Country General Manager, Brotzeit. “With the new feature, tourists and business travelers will be able to enjoy the added convenience while paying in the currency of their choice. We look forward to working with Wirecard to offer the enhanced Brotzeit experience to our customers across all franchise outlets.”

Judith Loh, Head of Relationship Management, APAC Sales, Wirecard, said, “We are excited to support Brotzeit with our DCC solution to provide greater payment flexibility and options to their customers. As Singapore continues to be a popular holiday destination among travelers, the new feature will help Brotzeit to better serve customers who travel internationally, thereby increasing customer satisfaction and loyalty.”

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https://www.wirecard.com/company/press-releases/wirecard-delivers-customer-driven-experiences-in-singapore-with-brotzeit-one-of-the-worlds-leading-franchised-german-concept-casual-dining-restaurantsTue, 17 Dec 2019 07:30:00 +0100
113926<![CDATA[Wirecard and Orange Bank enable mobile payments for even more French consumers]]>
  • Enhanced mobile banking app is based on Wirecard technology and now also enables payment with Google Pay
  • 200,000 Android users expected to activate Google Pay via Orange Bank

Wirecard, the global innovation leader for digital financial technology, and Orange Bank are expanding their successful cooperation and now offering all Android users in France convenient mobile payment with Google Pay. Thanks to Wirecard, Orange Bank has already established itself as the market leader for mobile payments in France – 17% of such payments were made via the Orange Bank App in 2018[1]. The addition of Google Pay should increase this figure enormously.

Google Pay is a mobile and secure payment method that can be used for contactless payment at the checkout, online shopping and payments within apps. Thanks to Wirecard’s technology, Orange Bank customers can now pay quickly and easily with any Android smartphone with NFC functionality. All they have to do in shops that offer Google Pay as a payment method is hold their mobile device to the POS terminal and unlock the screen of their device, without opening the app.

With Wirecard’s support, every Orange Bank customer now benefits from the advantages of cashless payment: even before the corresponding Orange Bank credit card arrives, customers can use the app to pay online or in-store. All it takes is a simple registration process. Thanks to innovative security functions, cashless payment via app is still possible even if the card is lost or stolen.

According to an eMarketer study, France is one of the leading nations in mobile banking with a mobile access rate to bank accounts of around 70 percent. In addition, about 6.6 million people or 15.6 percent of smartphone users in France pay at least once every six months with their mobile phone in stationary retail stores. Orange Bank recognized this trend early on and, together with Wirecard, developed an innovative mobile banking solution that enables, among other things, contactless payment by mobile phone, the dispatch of money by instant message or instant bank balances[2].

“We already had very good experiences with Wirecard when we first launched Orange Bank. We were therefore delighted to be able to count on the support of our experienced partner for this project as well. Every Orange Bank customer with a NFC smartphone can now benefit from the advantages of cashless payment, something they greatly appreciate along with checking their balance in real time and sending money by SMS,” said Stéphane Vallois, Deputy CEO at Orange Bank.

“Together with Orange Bank, we are continuing to make our vision of a cashless society a reality. France in particular is a very interesting market, as the adoption rate in the mobile banking sector is already very high there,” added Philippe Laranjeiro, Head of Sales, Digital & Telco at Wirecard.

[1] Source: Groupement des cartes bancaires

[2] See conditions: orangebank.fr

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https://www.wirecard.com/company/press-releases/wirecard-and-orange-bank-enable-google-payWed, 11 Dec 2019 07:30:00 +0100
113555<![CDATA[Wirecard’s new in-store payment solution makes it easy and quick for IKEA customers in Malaysia to pay by installments]]>
  • With Wirecard’s unique Unified Point-of-Sale solution, merchants only need one terminal for all digital payment options
  • In addition to Malaysia, installment plan solution to be rolled out across all IKEA stores in Singapore and Thailand in the near future

Wirecard, the global innovation leader for digital financial technology, has launched its unique in-store installment payment plan in Malaysia, where IKEA has already integrated the solution into its checkout terminals.

IKEA can now provide in-store customers the option to pay by installments without any of the usual hassle that comes with such financing. Customers select how they want to pay directly at the checkouts, and merchants like IKEA can use Wirecard’s unified solution to process all payment options through a single in-store terminal. This saves time and simplifies the process for both customers and merchants.

IKEA Southeast Asia’s Deputy Retail Manager, Gerard Jansen, said, “We are pleased to take this next step in our collaboration with Wirecard as they launch their in-store installment plan solution in Malaysia. The new feature gives our customers an added bit of flexibility and convenience – and contributes to a seamless shopping experience.”

A 2018 global survey by BigCommerce found that the ability to finance a purchase would influence the ultimate decision of 45% of shoppers. Wirecard currently offers in-store and online installment plans for certain geographies, including Germany and Singapore, with plans to continuously expand the offering. Following the launch in Malaysia, Wirecard will be rolling out the solution to IKEA stores in Thailand and Singapore. More consumers will be able to take advantage of the installment payment solution, making it easier for them to pay for larger purchases. In addition, the merchant benefits from improved customer satisfaction and retention.

“IKEA is known for its quality and affordable furniture, and we are excited to offer our installment payment solution to the IKEA franchise in Southeast Asia,” said Jeffry Ho, Regional Managing Director at Wirecard. “The collaboration is a win-win for all stakeholders in the payment ecosystem. With the new solution, consumers can opt to spread their payments over a certain period at no additional cost, while boosting customer satisfaction for IKEA Malaysia at checkout. We look forward to bringing the new solution to other IKEA stores and merchants across the region.”

The new feature allows customers in Malaysia to pay for big-ticket items at IKEA stores and is available to all users who hold a credit card from any of the participating banks. There are different tenure options available, and a minimum transaction of MYR500 is required for customers purchasing at any IKEA stores in Malaysia to be eligible for the installment payment plan.

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https://www.wirecard.com/company/press-releases/wirecard-new-in-store-installment-planTue, 10 Dec 2019 07:30:00 +0100
112983<![CDATA[Wirecard provides seamless payment solutions to ride hailing platform CarGo Technologies]]>
  • In-app payments planned to be handled by Wirecard with an expanded strategic focus
  • Collaboration supports Wirecard’s megatrend, “Commerce on the Move”: the mobility services market in Europe is expected to surpass EUR 400 billion by 2030

Wirecard, the global innovation leader for digital financial technology is cooperating with CarGo Technologies for seamless payment solutions. The goal is to team up for all in-app payments for the ride hailing platform in Belgrade, Vienna and Zurich where CarGo Technologies is present, and as a payment partner for the company’s expansion.

CarGo Technologies is the first ride hailing platform servicing the Balkan region, with plans to expand across Europe, and was recognized by Forbes as one of the top 10 disruptive companies in 2019. To book a ride, users simply open the app and enter their desired destination. The next available driver confirms the ride, and with a simple pre-payment function powered by Wirecard, the user can enjoy the ride with no need to exchange cash or scan their card. CarGo Technologies has over 800,000 registered users and more than 4,000 partners to provide roadside services.

MaaS (Mobility-as-a-Service) solutions, such as platforms where users can book public and private transportation services without the need of a personal vehicle, are entering the market on a global scale. As a result, Wirecard sees “Commerce on the Move” as a new megatrend that is now more relevant than ever. According to Statista, the mobility services market in Europe is expected to surpass EUR 400 billion by 2030.

“As we continue to expand across Europe, we are seeking a solid and experienced partner that could not only meet the payment needs of our customers but support us in our long-term growth,” commented Vuk Guberinic, Founder and CEO of CarGo Technologies. “We are pleased to have found such a partner in Wirecard.”

“We are excited to collaborate with CarGo Technologies and provide a seamless payment experience for each and every one of their customers,” added Evangelina Mihajlovic, Lead Manager Strategic Alliances at Wirecard. “Similar to Wirecard, CarGo Technologies is a company with a clear vision and we look forward to cooperating on innovative and forward-thinking projects in the areas of smart mobility and geolocation services.”

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https://www.wirecard.com/company/press-releases/wirecard-provides-seamless-payment-solutions-to-cargo-technologiesFri, 06 Dec 2019 07:30:00 +0100
111896<![CDATA[Wirecard ensures a smooth online shopping experience for Playmobil customers]]>
  • Playmobil benefits from Wirecard’s expertise in the handling of a wide variety of local and international payment methods
  • Consumers enjoy a smooth and flexible checkout experience

Wirecard, the global innovation leader for digital financial technology, and Playmobil are working together to improve the online shopping experience for customers throughout Europe. Thanks to Wirecard, Playmobil is able to offer and accept a wide variety of local and international payment methods on its e-commerce sites.

“We are proud to support Playmobil as they develop their digitalization strategy which includes optimizing the customer experience in online shops,” explains Vanda Astfäller, Head of Sales Retail at Wirecard. “Not only does Playmobil aim to ensure consistency of product offering both online and in-store but also convenient and flexible payment processes – which we offer via our digital platform. We look forward to expanding our collaboration in the future.”

In order to grow an international e-commerce business and convert one-off shoppers into regular customers, merchants must provide a smooth and reliable purchasing process. Thanks to Wirecard, brands such as Playmobil can not only offer a wide range of digital payment options but also ensure that these payments are processed quickly and reliably for an optimal online checkout experience.

When consumers find their way to a merchant’s e-commerce site, customer experience takes a leading role. According to Gartner, 64% of people find the customer experience to be more important than price when it comes to making a purchasing decision. As the world’s first payment service provider to support more than 200 different local and global payment solutions, Wirecard put together a customized payment mix for Playmobil. Thanks to a quick acceptance, authentication and processing of digital payments, Wirecard reduces payment friction and ensures a seamless checkout process for Playmobil’s online customers.

First invented by Hans Beck in 1974, Playmobil is a popular line of toys produced by the Brandstätter Group. Over three billion Playmobil figures have been produced, with the toy now being played with by children in over 100 countries worldwide.

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https://www.wirecard.com/company/press-releases/wirecard-ensures-a-smooth-online-shopping-experience-for-playmobil-customersTue, 03 Dec 2019 07:30:00 +0100
110506<![CDATA[Wirecard’s boon and SwatchPAY! launch in Germany and Austria]]>
  • Now available in Germany and Austria: Swiss watch manufacturer Swatch presents six new SwatchPAY! watches that consumers can pay with
  • SwatchPAY! and boon users benefit from mobile payments without the need of a smartphone

Wirecard, the global innovation leader for digital financial technology, is the exclusive payment partner for the SwatchPAY! launch in Germany and Austria. With the help of the mobile payment solution boon, consumers can carry out easy and contactless payments with the brand new line of Swatch watches.

How it works: Via the boon app on their smartphone, watch owners receive a virtual Mastercard, which is stored in the SwatchPAY! app as a means of payment. The virtual card can be topped up by credit card or bank transfer. Contactless payment is very easy: To carry out a payment, the watch is simply held up to a compatible terminal in-store, and a signal tone confirms that the payment has been completed. Since the power required is supplied by the terminal, this process works even when the watch battery is empty, as opposed to when paying with smartphones. Like all conventional Swatch models, the new SwatchPAY! watches are waterproof to a depth of 30 meters, making them ideal companions and payment options when, for example, going for a swim. As a result, the traditional wallet can stay at home.

“We are pleased to bring ‘The coolest way to pay – SwatchPAY!’ to Germany and Austria,” said Carlo Giordanetti, Creative Director of Swatch. “It has never been more convenient to pay, anytime and anywhere, with the watch on your wrist. The new method of payment is secure, uncomplicated and stylish - typical Swatch!”

Georg von Waldenfels, Executive Vice President Group Business Development at Wirecard, added, “Mobile payment methods are becoming increasingly popular, and for a long time we have been driving this development forward. The fact that Swatch relies exclusively on Wirecard as its technology partner for the implementation of its SwatchPAY! strategy demonstrates our leading position in this area. With the new SwatchPAY! watches, users of our popular app boon now have even more opportunities to pay easily and securely.”

SwatchPAY! and boon are equipped with numerous security functions according to the strictest industry standards, ensuring that a user’s card details are never disclosed to merchants or Swatch itself.

For more information, please visit www.beboon.com or www.swatch.com

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https://www.wirecard.com/company/press-releases/wirecards-boon-and-swatchpay-launch-in-germany-and-austriaThu, 28 Nov 2019 08:00:00 +0100
110127<![CDATA[Wirecard Global Shopping Report 2019: More than two-thirds of consumers worldwide say Unified Commerce is a key factor when choosing where to shop]]>
  • Digital payments are now predominant in the purchasing process – with over 90% of consumers having used cashless payment methods both online and in-store
  • Over three-quarters of consumers surveyed are willing to share personal data in return for incentives

Despite the worldwide boom in online retail over the past years, shopping in physical stores is still key for consumers worldwide – but only if the purchasing experience integrates all sales channels, innovative technology and data-driven incentives. These findings are part of a Wirecard-commissioned global study of 4,500 consumers in eight countries, which the global innovation leader for digital financial technology has released in advance of Black Friday.

“Our research has revealed that consumers clearly desire choice when completing purchases. Consumers shop in many different ways nowadays and this is challenging merchants to meet a wide range of retail demands,” commented Markus Eichinger, EVP Group Strategy at Wirecard. “A lot of focus is put on pricing, but not necessarily on the flexibility customers seek. A unified commerce strategy, with a focus on a consistent and frictionless buying journey, is integral to offering consumers the experience they would expect from any modern retailer. In the future, brick and mortar stores will only exist if they are technologically advanced with the latest in-store innovations and a fully integrated e-commerce backend.”

Key findings:

  • Consumers need consistent offerings across all sales channels:

While 70% of shoppers across the world preferred to purchase in-store over the past 12 months, compared to on desktop sites (39%), and mobile apps and sites (32%), the research shows that consistent cross-channel experiences are vital to consumers. 9-in-10 either research the products they want to purchase online before buying in-store afterwards (93%) or vice versa (88%). Australians are most likely to shop in-store (81%), while mobile apps are especially popular in Hong Kong (59%) and Singapore (53%). Cross-channel product research is particularly important to Brazilians with almost 60% saying they do this for all or almost all purchases. The ultimate choice where to purchase depends on what is being bought: while 77% of consumers buy groceries in-store for example, when it comes to holidays, the majority (57%) are buying online.

The rise in popularity of more advanced cross-channel purchasing options, such as buying online and then picking up in-store (BOPIS), further supports this finding. More than two-thirds (70%) of respondents say that if a brand or merchant doesn’t offer these kinds of options, it would influence their decision to shop there. In Hong Kong, this figure even exceeded 90%.

  • Shoppers are “always on” so maintaining an up-to-date online shop is key:

While physical stores are the preferred buying location, how and when people find goods varies, with online browsing offering shoppers the most convenience. Consumers will shop online most often while they are relaxing (74%), watching TV (48%) or in bed (37%). Especially the French like to shop online when on holiday (33%), considerably more than the global average of 22%.

  • Consumers appreciate data-driven services and offerings:

The vast majority of consumers value data-driven, customer-centric value-added services with loyalty programs being used by 88% of those surveyed. Over three-quarters of consumers reported that they would be willing to give retailers personal information in exchange for incentives such as a larger discount. This is particularly true in Hong Kong, where this figure reached 85%, with 95% of consumers using loyalty programs.

  • Cashless payments are omnipresent:

Nearly all (94%) of respondents are now using cashless payment methods when they shop in physical stores. When it comes to online shopping, 91% stated that they have chosen digital payment options. The main reasons for paying cashless is speed (33%) and convenience (32%). When making an online purchase, security reasons were the main driver (37%) for paying digitally. While card payments remain the most popular method for cashless payments worldwide, mobile wallets are significantly more popular in Asia with an average of 45% of consumers in Hong Kong and Singapore regularly choosing this payment method versus the global average of 25%.

“Retailers that want to engage with their customers via targeted offers, and improve their service across all channels need to leverage on customer data. Our report shows that if customers can see a concrete benefit when it comes to providing personal information, they are willing to share it with retailers, thus providing merchants critical data which they can analyze to optimize their offerings and improve customer loyalty,” continued Markus Eichinger.

The Wirecard digital financial commerce platform allows merchants worldwide to easily combine their distribution channels and meet the needs of today’s consumers. Wirecard offers a constantly expanding ecosystem of real-time value-added services built around innovative digital payments.

The Wirecard Global Shopping Report 2019 is based on the results of an independent survey carried out by Vanson Bourne on behalf of Wirecard in October and November 2019. A total of 4,500 consumers over the age of 18 in select countries like Australia, Brazil, France, Germany, Hong Kong, Singapore, the U.K. and the U.S. provided answers. For further insight and more information about consumers’ shopping behavior, download the Wirecard Global Shopping Report.

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https://www.wirecard.com/company/press-releases/wirecard-global-shopping-report-2019Wed, 27 Nov 2019 07:30:00 +0100
108058<![CDATA[Wirecard and Bank Mandiri, one of Indonesia’s largest banks, cooperate on digital financial solutions for corporate customers]]>
  • Thanks to Wirecard, Bank Mandiri has launched a new Customs Management service, a payment integration with the Indonesian Directorate General for Customs and Excise (DJBC), helping corporate customers to make customs and excise payments
  • Bank Mandiri has more than 2,620 domestic branches and seven overseas branches

Wirecard, the global innovation leader for digital financial technology, cooperates with one of the largest banks in Indonesia, Bank Mandiri, on digital financial solutions for corporate customers. Thanks to Wirecard, Bank Mandiri has been able to launch a new service for its 27,000 corporate clients which enables them to streamline Customs and Excise payments thanks to direct integration with the Indonesian Directorate General for Customs and Excise (DJBC). Bank Mandiri has more than 2,620 domestic branches and seven overseas branches, and reported a consolidated profit of EUR 1.6 billion in 2018.

The Customs Management service is a new feature within the Mandiri Cash Management (MCM) solution, supported by Wirecard technology and provided to over 27,000 active Bank Mandiri corporate customers. The MCM solution enables these clients to carry out a wide range of operations, including liquidity management and online foreign exchange. The solution covers the entire cash management services value chain in an easy-to-use and customizable interface.

Based on the company’s international expertise, Wirecard has developed specific solutions tailored to the needs of banks in Asia that want to provide digital banking services to corporate or retail clients. In Indonesia, Wirecard is already market leader in corporate transaction banking software solutions.

The new payment solution is a result of the Indonesian Directorate General for Customs and Excise (DJBC) integration with Bank Mandiri, based on open APIs. This allows corporate customers to search DJBC invoices, check their billing status and make payments all in one transaction cycle. Corporate customers benefit from real-time information, avoiding duplicate payments, as well as accelerated transaction times and increased efficiency in the payment process.

“In addition to providing the best possible financial services to our customers, we are committed to supporting Customs and Excise by meeting the financial needs of the Directorate General,” commented Dadang Ramadhan, SVP Government and Institutions at Bank Mandiri. “53% of customs and excise payments are already carried out through our MCM channel. Through our cooperation with Wirecard, we expect to further increase the overall use of MCM.”

“We are proud to support Bank Mandiri, one of the largest financial institutions in Indonesia, in their digital journey,” added Oliver Quadt, Managing Director Indonesia & VP Business Integration Asia at Wirecard. “We are delighted that Bank Mandiri has chosen us as their technology provider for corporate solutions, and are confident that the solutions we are providing together will continue exceeding the expectations of Bank Mandiri’s customers.”

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https://www.wirecard.com/company/press-releases/wirecard-bank-mandiri-digital-financial-solutionsWed, 20 Nov 2019 08:00:00 +0100
105678<![CDATA[Wirecard to offer attractive current account interest rates via its payment and banking app boon Planet starting in 2020]]>
  • Thanks to the European deposit guarantee scheme, all funds and interest are 100% protected*
  • Consumers do not need another bank account in everyday life: boon Planet offers everything for their daily finances

Following a successful launch, Wirecard is adding further attractive features to its boon Planet digital payment and banking solution: boon Planet current account holders will receive interest of around 0.75% from the beginning of 2020 – a rate that comparable solutions do not offer. Throughout the year, the offering will be expanded to include further investment options. Users no longer have to leave the app to manage their everyday finances.

Claudia Kaub, Head of Consumer Solutions at Wirecard, said, “With the additional functionality, we are continuing to pursue our goal of simplifying consumers’ entire everyday financial life with boon. This also includes attractive investment options.”

With boon Planet, a fully comprehensive digital current account, which underlies the European deposit guarantee, can be opened in five minutes. Users have a complete overview of all their finances and can carry out contactless payments with a smart device or physical card anywhere Mastercard is accepted. In the future, services such as intelligent savings plans, real-time insurance, digital loyalty features and mobility solutions will be integrated.

The new offering will be available to all boon Planet users in Germany from the beginning of 2020, and will be launched in further countries in the near future.

boon Planet will not only be available in Europe but in future also worldwide. The boon platform can additionally be used by Wirecard’s B2B clients, businesses of any kind, which can offer the service under their own brand. Wirecard therefore expects to win hundreds of millions of banking customers over the next years. By combining data and AI-driven services with innovative neobanking features in a single app, targeted solutions can be offered in the future.

More information about boon can be found at: https://www.beboon.com.

* Deposit protection up to the equivalent of EUR 100,000. The protection is provided per bank and per depositor by the respective national deposit protection fund.

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https://www.wirecard.com/company/press-releases/wirecard-to-offer-current-account-interest-rates-via-boon-planetMon, 18 Nov 2019 07:30:00 +0100
103690<![CDATA[Wirecard wins YeePay, leading Chinese travel payment company, as a new partner for airline bookings globally]]>
  • Wirecard will help all YeePay customers in the airline industry to internationalize their business by providing payment services outside of China
  • The potential transaction volume for Wirecard from this collaboration is over EUR 17 billion annually

Wirecard, the global innovation leader for digital financial technology, continues to expand its business with major Chinese partners through a new cooperation with YeePay. As the leading independent mobile and online acquirer in China for the airline and travel industry, YeePay serves all Chinese commercial airlines and major travel agencies. Wirecard and YeePay will cooperate to provide payment processing services to these customers outside of China.

YeePay, a leading e-payment service provider in China, reported a transaction volume in airline and travel of EUR 34 billion in 2018, with nearly all transactions being online-based. By working with Wirecard, YeePay can now facilitate international payments with a potential transaction volume of more than EUR 17 billion which will be handled by Wirecard. The companies will leverage their payment technology and licenses to give current and new customers of YeePay a convenient and regulatory checkout process. Travel agencies, airlines and consumers outside of China will benefit from this improved service offering.

“We are proud to enter into a partnership with YeePay and leverage on their status and expertise in the Chinese airline and travel market,” commented Jörg Möller, EVP Travel & Mobility at Wirecard. “Wirecard is already one of the largest international acquirers for airlines outside of China, working with more than 100 airlines globally. This cooperation with YeePay and its customers enables us to further expand our presence in this ever-growing market segment.”

“As the acquiring partner of choice for China’s airlines, we are constantly seeking new partnerships that can strengthen our service offering,” added Bin Tang, CEO at YeePay. “With Wirecard we are extending our footprint on a global scale, and as a result can offer our customers a modern and innovative payment experience, no matter where in the world they are.”

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https://www.wirecard.com/company/press-releases/wirecard-wins-yeepay-leading-chinese-travel-payment-company-as-a-new-partner-for-airline-bookings-globallyThu, 14 Nov 2019 07:30:00 +0100
46284<![CDATA[Wirecard announces strategic partnership with HERE Mobility to launch integrated smart mobility solutions]]>
  • HERE Mobility is the world’s first neutral, open marketplace connecting real-time mobility supply and demand to drive mobility efficiency, with over 2 million vehicles across Europe, Latin America, and the US
  • Wirecard sees “Commerce on the Move” as a new megatrend and expects a transaction potential of over EUR 10 billion per year via its platform when all HERE Mobility services are rolled out
  • First product showcases will be presented at CES in Las Vegas in early 2020

Wirecard, the global innovation leader for digital financial technology, is collaborating with HERE Mobility, to jointly develop integrated B2B2C payment and mobility services. HERE Mobility is the mobility unit of HERE Technologies, a global leader in location platform services owned by automotive companies including Audi, BMW and Daimler. HERE Mobility operates an open and competitive smart mobility marketplace for all transportation services. Over 2 million vehicles are connected to HERE Mobility’s Marketplace across Europe, Latin America, and the US.

Wirecard and HERE Mobility will collaborate on a variety of projects aimed at capitalizing on the payment and geolocation services both companies already offer, including innovation cases in the area of predictive mobility services. Wirecard sees “Commerce on the Move” as a new megatrend and expects a transaction potential of over EUR 10 billion per year via its platform when all services are rolled out.

An initial project will be to integrate HERE Mobility’s Marketplace into boon.PLANET, Wirecard’s digital banking and payment app. As a result, boon.PLANET users will be able to search, book and pay for rides using the embedded HERE Mobility Marketplace without leaving the boon.PLANET app.

Wirecard’s intelligent digital platform will be able to process customers’ geolocation and mobility profiles for additional value added services. Additional projects include offering mobility services with an integrated payment flow for merchants in the travel and leisure industry, including airlines, hotels, restaurants and stadiums. Furthermore, the companies plan to work together in the area of personalized data solutions for businesses and end-consumers leading for example to predictive ride services. It is also planned for Wirecard to act as payment service provider for HERE Mobility.

The cooperation comes at a time when MaaS (Mobility-as-a-Service) solutions, such as platforms where users can book public and private transportation services without the need of a personal vehicle, are entering the market on a global scale. According to Statista, the mobility services market in Europe is expected to surpass EUR 400 billion by 2030. In China, that figure is set to exceed EUR 580 billion.

“We are excited to enter into a strategic alliance with Wirecard and benefit from the digital payment expertise they bring to the table,” commented Liad Itzhak, SVP Head of Mobility at HERE Mobility. “Combined with our smart mobility solutions, we see our joint projects with Wirecard as having an enormous potential to revolutionize mobility services on a global scale.”

“As mobility services become a part of consumers’ daily lives, and the personal vehicle takes the back seat, we find it essential to be at the forefront of this mobility revolution,” added Michael Santner, VP for Strategic Alliances at Wirecard. “Both Wirecard and HERE Mobility will bring the best of their platforms to this cooperation, and we look forward to launching new and exciting projects.”

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https://www.wirecard.com/company/press-releases/wirecard-announces-strategic-partnership-with-here-mobility-to-launch-integrated-smart-mobility-solutionsMon, 11 Nov 2019 07:30:00 +0100
45936<![CDATA[Quarterly Statement: Wirecard AG continues on its growth path]]>
  • Transaction volumes 9M/2019 increased by 37.7 percent
  • EBITDA 9M/2019 increased by 38.4 percent
  • Free cash flow + 60.0 percent
  • Earnings after tax + 53.2 percent
  • EBITDA Guidance 2019 confirmed
  • EBITDA Guidance 2020 published

Wirecard, one of the world’s fastest growing digital platforms in the area of financial commerce, continued on its growth path in the third quarter and after nine months of 2019.

The transaction volume processed via the Wirecard platform grew in the first nine months of 2019 by 37.7 percent to EUR 124.2 billion (9M/2018: EUR 90.2 billion). In this period, the company generated consolidated revenues of EUR 1,941.3 million, which represented an increase compared to the same period of the previous year of 36.7 percent (9M/2018: EUR 1,420.1 million). Operating earnings before interest, tax, depreciation and amortisation (EBITDA) increased by 38.4 percent to EUR 553.1 million (9M/2018: EUR 399.8 million).

In the third quarter of 2019, consolidated revenues increased by 36.8 percent to EUR 731.5 million (Q3/2018: EUR 534.9 million). EBITDA increased by 42.8 percent to EUR 211.1 million (Q3/2018: EUR 147.9 million).

Earnings after tax in the first nine months of 2019 increased by 53.2 percent to EUR 386.7 million (9M/2018: EUR 252.4 million). The cash flow from operating activities (adjusted) stood at EUR 486.8 million as of the reporting date of 30/09/2019. The free cash flow increased by 60.0 percent to EUR 411.8 million (9M/2018: EUR 257.3 million).

Dr. Markus Braun, Wirecard CEO, said, “We are delighted to be able to forecast strong growth in the fourth quarter and the coming fiscal year for our shareholders. Alongside strong organic growth, we are opening up one of the largest growth markets with our entry into the Chinese market and expanding our competitive advantage even further.”

The Management Board confirmed its forecast for the current 2019 fiscal year of EBITDA of between EUR 765 million and EUR 815 million. In addition, the Management Board issued its first EBITDA forecast for the following fiscal year and expects EBITDA of between EUR 1.00 billion and EUR 1.12 billion in 2020.

The Q3/9M 2019 quarterly statement as of 30 September 2019 is available on the company’s website at: ir.wirecard.com/financialreports.

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https://www.wirecard.com/company/press-releases/quarterly-statement-wirecard-ag-continues-on-its-growth-pathWed, 06 Nov 2019 08:00:00 +0100
45623<![CDATA[Wirecard expands its global financial platform services with market entry into China, investing in licenses for digital payments]]>
  • Controlling stake in Beijing-based Payment Service Provider
  • Unique license portfolio including cross-border license

Wirecard, the global innovation leader for digital financial technology, is investing in a comprehensive license portfolio for digital payments through an acquisition in China. Wirecard will gradually acquire all shares in the Bejing-based AllScore Payment Services. AllScore Payment Services is currently controlled in its majority by its founder and CEO Mr. Yao Lin and Shanghai Aiwu Investment Management Co. Ltd.. The framework agreement was signed in Beijing today. After the closing, which is subject to customary and regulatory closing conditions, Wirecard will hold 80 percent of all shares in AllScore. A call option enables Wirecard to acquire the remaining 20 percent of shares after two years.

This step underlines Wirecard’s strategy to expand its global technology platform by way of cross-border licenses. In the current industry-wide effort to enter China, Wirecard is among the first movers in its peer group.

AllScore Payment Services, founded in 2007, is a local Payment Service Provider owning an attractive license portfolio and employing a dedicated team of more than 120 people. The license portfolio enables Wirecard to offer internationally oriented Chinese merchants local acquiring services, cross-border acquiring including settlement in their local currency and innovative digital value added services. Additionally, the international merchants of Wirecard gain access to Chinese consumers and are enabled to accept widely-used digital mobile payments methods and receive settlements in their respective local currency. The license portfolio also provides Wirecard with the capability to issue payment cards to consumers and companies in China.

Markus Braun, CEO at Wirecard: “We are excited to share the news of Wirecard entering China. The Chinese market represents a tremendous opportunity for Wirecard. The licenses are a perfect match to the global platform strategy of Wirecard.”

Yao Lin, CEO, Chairman and Founder of AllScore Payment Service Co., Ltd.: “We welcome Wirecard to China and are proud that they have selected us to enter the market, joining in on the efforts of the Chinese Government to open the financial sector and improve the regulatory environment for market access to foreign investors. Wirecard’s demonstrated history in expanding a global, digital business and their professional approach to execution, combined with our local knowledge and licenses make us an ideal combination to serve Chinese merchants, as well as international clients doing business in China.”

The consideration in connection with this transaction comprises cash payments, including a capital increase of AllScore Payment Services, of up to EUR 72.4 million until closing. Subject to customary closing date account adjustments the minimum payment will amount to EUR 38.6 million. Furthermore, an earn-out payment of up to EUR 16.7 million has been agreed to, subject to EBITDA targets in the fiscal year 2020. Wirecard holds a call option to acquire the remaining 20 percent of shares after two years for up to EUR 20.2 million, subject to post-closing EBITDA targets.

For fiscal 2020, Wirecard projects a low single-digit EBITDA contribution in EUR after integration costs. The integrated company will generate more than EUR 35 million of EBITDA in 2021 and an EBITDA in excess of EUR 50 million in 2022.

More information on ir.wirecard.com:

Ad hoc announcement dated 5 November 2019

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https://www.wirecard.com/company/press-releases/wirecard-expands-its-global-financial-platform-services-with-market-entry-into-china-investing-in-licenses-for-digital-paymentsTue, 05 Nov 2019 12:00:00 +0100
44957<![CDATA[Wirecard shapes the future of mobility with renowned partners]]>
  • Further members of a recently formed working group led by Rinspeed include SAP, Osram, DEKRA and Zurich Insurance
  • As part of the collaboration, Wirecard is testing digital payment and authentication solutions for autonomous driving
  • First prototypes will be presented at CES in Las Vegas in early 2020

Wirecard, the global innovation leader for digital financial technology, is once again demonstrating its pioneering spirit by forming a strategic partnership with mobility visionary Rinspeed together with other companies such as SAP, DEKRA, Zurich Insurance and Osram. Wirecard is the payment partner within the cooperation and actively shaping the future of mobility.

Wirecard technologies will be integrated into Rinspeed’s concept vehicles, which are already providing a stimulus for how autonomous driving will work in the mass market in the future. This enables completely new customer experiences true to the motto “Commerce on the Move”. The planned use cases include retail, logistics and transportation. In cooperation with other partner companies, Wirecard will expand the functionality and the possibilities of Rinspeed vehicles using solutions from its Innovation Labs, such as the Grab & Go Store or biometric hand scanner. In addition, Wirecard is providing the payment infrastructure for all deployment scenarios.

“New forms of mobility open up completely new possibilities in the area of passenger transport, which will increasingly be electric, driverless and cashless. The way we travel, shop and work will change dramatically in the coming years,” said Axel Puwein, Director Business Development CEE at Wirecard. “This change is made possible by the intelligent use of new technologies, with payment technologies and digital identification methods playing a central role. We look forward to proactively shaping this trend,” added Florian Eder, Principal Manager Strategic Alliances at Wirecard.

“Thanks to the partnership with Wirecard, we can offer entirely new deployment scenarios for our concept vehicles. Consumer behavior is completely changing and becoming increasingly independent of location and time. Everyday life – from shopping through to delivery – can happen autonomously and digitally,” said Frank M. Rinderknecht, Founder and CEO of Rinspeed AG.

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https://www.wirecard.com/company/press-releases/wirecard-shapes-the-future-of-mobility-with-renowned-partnersFri, 01 Nov 2019 07:30:00 +0100
44673<![CDATA[Wirecard launches boon Planet: First payment app with fully digital neo-banking services and dynamic loyalty functionality]]>
  • Users can open a fully digital bank account in five minutes, transfer money in real time and carry out contactless payments with their smart device
  • Unique features: In the future, services such as insurance, mobility, and digital loyalty features as well as overdraft allowance and savings plans will be integrated
  • Wirecard sets new standards with boon Planet – users no longer have to leave the app to manage their everyday finances

Wirecard, the global innovation leader for digital financial technology, has launched boon Planet, the first payment app with neo-banking services. Users can manage their entire everyday financial life within the app and will benefit in the future from additional services such as insurance, mobility, and loyalty features, along with additional financial services.

With boon Planet, a fully comprehensive digital bank account can be opened in five minutes. Users can make SEPA transfers and receive a physical debit Mastercard in combination with their boon app. In addition, users have a complete overview of all their finances and can carry out contactless payments with a smart device or physical card. Thanks to the multi-banking function, users will soon also be able to integrate their accounts with other banks to boon Planet, benefiting from a holistic overview of their finances. Other banking services such as overdrafts and savings plans will also be integrated.

In addition to banking and payment, boon Planet will offer innovative loyalty solutions in the future. Users can collect digital bonus points with every payment and redeem the funds for payments via the app. Additional digital financial services such as insurance will also be made available. For example, upon paying for a valuable item with boon, users can then insure their new purchase immediately within the app. Strategic partnerships with mobility providers are also planned for the future, resulting in the integration of traffic apps directly into boon Planet. For example, consumers could book and pay for a taxi or bike sharing services, all within boon Planet.

Claudia Kaub, Head of Consumer Solutions at Wirecard, said, “After a successful pilot phase, we are very pleased to announce the general availability of boon Planet. Not only do we cover the entire world of digital payment and banking from a single source, but can also progressively expand our ecosystem and add new relevant services to make everyday life easier for consumers. All of these features make our offering highly unique.”

boon is based on the Wirecard Financial Commerce platform from the front end to the back end and is the Group’s B2C product. Today, boon is available throughout Europe for Apple Pay, Google Pay, Garmin Pay and Fitbit Pay. In future, boon will also be launched outside Europe. boon can be used as a complete white label or co-branded solution for Wirecard’s existing and future corporate partners.

boon Planet is now available for all Android users in Germany. iOS users will also be able to download the solution soon. Other countries will follow in the near future. Stay tuned: https://www.beboon.com

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https://www.wirecard.com/company/press-releases/wirecard-launches-boon-planet-first-payment-app-with-fully-digital-neo-banking-services-and-dynamic-loyalty-functionalityTue, 29 Oct 2019 08:00:00 +0100
44089<![CDATA[Wirecard commissions independent audit]]>

The Management Board and the Supervisory Board of Wirecard AG has decided to commission the audit firm KPMG to conduct an additional independent audit to clarify fully and independently all accusations raised by the British newspaper “Financial Times”.

The audit will begin immediately. KPMG is obliged only to the Supervisory Board and will present the audit report in due course. KPMG will receive unrestricted access to all information on all levels of the Group. The results of the report will be published. Thomas Eichelmann, Chairman of the audit committee of the Supervisory Board, and former CFO of Deutsche Börse AG, will support the audit on Wirecard’s side.

Wulf Matthias, Chairman of the Supervisory Board of Wirecard AG, said, “We have complete confidence in the audit procedures performed to date and their results. We assume this renewed independent review will lead to a final end to all further speculation.”

Markus Braun, CEO of Wirecard AG, said, “I am convinced that confidence in our successful and strongly growing business will be strengthened as a result of this independent audit.”

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https://www.wirecard.com/company/press-releases/wirecard-commissions-independent-auditMon, 21 Oct 2019 08:00:00 +0200
42245<![CDATA[Wirecard powers new Swiss Post China cross-border e-commerce marketplace]]>
  • Wirecard has integrated Chinese payment methods into Swiss Post’s “Your Gateway to China” service

Wirecard, the global innovation leader for digital financial technology, is providing the payment solution for Swiss Post's “Your Gateway to China” service. Thanks to the “Your Gateway to China” service, Swiss retailers can easily offer their products directly to Chinese consumers through major virtual marketplaces. Swiss Post offers Swiss small and medium-sized enterprises (SMEs) everything they need to open up to new markets, including market entry consulting, logistics and customs clearance, as well as links to local marketplaces. A wide range of quality Swiss products and well-known brands are already available on the virtual marketplaces. Wirecard processes all transactions carried out with leading Chinese payment methods on behalf of Swiss Post.

According to Statista, the Chinese e-commerce market is a global leader, with an estimated gross merchandise volume of EUR 4.1 trillion in 2019. Cross-border shopping has also played a key role in China’s e-commerce boom: the gross merchandise volume of China’s import e-commerce market reached EUR 14 billion in 2017, and that figure is expected to hit EUR 44.7 billion by 2021. The top purchase categories in this segment are food, beauty products, and fashion.

“We are very pleased about our international cooperation with Swiss Post,” commented Marion Laewe, VP Sales Retail at Wirecard. “We want to offer buyers and sellers simple and convenient checkout processes, no matter where they are. This collaboration is another development in cross-border e-commerce that we look forward to introducing in other regions in the near future.”

“Wirecard complements our overall solution and ensures an optimal shopping experience by incorporating the Alipay and WeChat Pay payment methods that are preferred by Chinese customers,” added Luigi Pezzuto, Head of PostLogistics International at Swiss Post. “Our offer to connect companies more effectively with the Chinese B2C market is an attractive proposition not only for Swiss companies. We are therefore considering offering this service to companies from all over the DACH region to enter the Chinese market.”

Watch the video “Connecting to China with Swiss Post and Wirecard” here.

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https://www.wirecard.com/company/press-releases/wirecard-payment-services-to-power-new-swisspost-china-cross-border-e-commerce-marketplaceThu, 17 Oct 2019 07:30:00 +0200
40830<![CDATA[Wirecard launches fully digital installment payment plan in Germany]]>
  • Consumers will be able to pay for all online purchases in installments, a growing trend
  • Merchants can increase online sales by offering payment in installments with guaranteed, immediate payout
  • After the launch in Germany, Wirecard will extend the offering across Europe
  • Wirecard expects initial transaction volumes of over EUR 3 billion using the new solution

Wirecard, the global innovation leader for digital financial technology, is launching a new installment payment plan for online shops in Germany. The new offering, which is available via the Wirecard digital financial commerce platform, benefits both merchants and consumers thanks to its B2B2C approach. Merchants are able to increase e-commerce sales by offering customers the option to pay in installments while still receiving full settlement when the shopper completes the order. Consumers can more easily afford premium items thanks to flexible payment options and benefit from a seamless shopping experience. Wirecard acts as the acquirer and also processes all transactions. The solution will be expanded to other SEPA countries following the initial launch in Germany. The company expects transaction volumes of over EUR 3 billion in the first years.

According to the recent survey “Einkaufswelten” from Teambank, more than every second German customer (58%) considers paying in installments for online shopping. Since paying in small installments makes it easier for consumers to buy premium products in particular, 65% of the online retailers who are offering payment in installments have recorded an increase in the average shopping cart value, according to ibi research.

“At Wirecard, our focus is on constantly expanding our service offering to enhance the customer journey. According to recent statistics, merchants offering installment payments in their online shops not only notice significant sales growth but also increased customer satisfaction. By giving consumers more flexibility, merchants improve the overall shopping experience which in turn leads to more loyalty,” said Kilian Thalhammer, VP Product Management Payment & Risk at Wirecard.

Merchants who leverage Wirecard’s new offering via its digital platform will benefit from increased sales and earnings thanks to larger shopping baskets and higher conversion rates. In addition, merchants will still receive full settlement upon completion.

Consumers can more easily afford premium items as they do not have to pay the full amount immediately. In addition, they can choose to pay for purchases in fixed monthly payments over periods of between three and 24 months – or up to 36 months for items over EUR 1,000. They can also make unscheduled repayments at any time without incurring fees.

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https://www.wirecard.com/company/press-releases/wirecard-launches-fully-digital-installment-payment-plan-in-germanyFri, 11 Oct 2019 07:30:00 +0200
40549<![CDATA[Wirecard and SES-imagotag to accelerate in-store mobile payments adoption]]>
  • Wirecard and SES-imagotag strengthen their cooperation to build a joint ESL-enabled (Electronic Shelf Label) mobile payment solution for in-store shoppers
  • Wirecard payment technology will now be automatically available on all cloud-based SES-imagotag IoT price tags
  • In the coming years over 500 million connected smart labels will be turned into payment acceptance points

Wirecard, the global innovation leader for digital financial technology, and SES-imagotag, a global leader in digital solutions for physical retail, are joining forces to accelerate the adoption of frictionless in-store mobile payment. As a result, both companies offer a unique solution designed to enhance the in-store shopping experience.

The two companies are developing a “pay to tag” solution connecting Wirecard’s mobile payment platform with all SES-imagotag cloud-connected IoT labels. Shoppers benefit from truly seamless in-store shopping, avoiding long checkout times, especially at peak hours, as well as e-coupons instant redemption and cash-back. Thus, shoppers save both time and money in physical retail while enabling brands to improve their Point of Purchase marketing efficiency.

Together, Wirecard and SES-imagotag, who have been partners since spring 2018, expect that over 500 million cloud-connected smart labels will be turned into mobile payment acceptance points. In particular, the U.S. retail sector will benefit from the joint in-store solution for mobile shopping.

Michael Unmüßig, Senior Executive Vice President Marketing at SES-imagotag, said, “Smart labels and smartphones will be the future Point of Sale. Together with Wirecard we aim at creating a win-win-win deal by making every SES-imagotag smart label a mobile payment and e-coupons terminal that enables frictionless shopping. Shoppers will save time and money, brands will improve the efficiency of Point of Purchase communication, and retailers will be able to upgrade their business model while dramatically enhancing the shopper experience. This vision is now very clear, and the building blocks of this “connected commerce cloud” are now at hand!”

Alexander Hahn, Vice President Point of Sale (POS) Retail Solutions at Wirecard, added, “We are delighted that consumers will be able to benefit from this new technology from now on, especially in the U.S. Instead of the traditional customer journey, which sometimes involves long waiting times, shoppers can now expect a fast, seamless and digital shopping experience in participating stores.”

Through a simple scan of an electronic shelf label (ESL) with their smartphones (QR Code / NFC), shoppers will also have access to more information, customer reviews, rich content, and other marketing and loyalty programs, directly at the shelf, with dramatically increased conversion rates. Thanks to Wirecard’s technology, they can then complete the purchase on their phones using their preferred payment method. This ESL-enabled in-store mobile payment solution is already live in several stores around the world.

Since its inception, SES-imagotag has equipped over 20,000 stores in 62 countries for a total of 200 million ESLs, including as many as over 50 million cloud-connected smart labels. Through its VUSION Retail IoT Cloud platform, SES-imagotag enables retailers to automate low value-added processes, increase store efficiency and improve shoppers’ connectivity in store.

SES-imagotag and Wirecard are presenting their joint plans today at Wirecard’s Capital Markets Day in New York. In addition to presentations by the Management Board, there will be panel discussions and keynote presentations from selected innovation drivers. You can find the program and follow the livestream here.

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https://www.wirecard.com/company/press-releases/wirecard-and-ses-imagotag-to-accelerate-in-store-mobile-payments-adoptionTue, 08 Oct 2019 08:00:00 +0200
40545<![CDATA[Capital Markets Day in New York: Wirecard increases Vision 2025]]>
  • Vision increase based on strong, accelerated organic growth and strategic partnerships
  • Revenues of more than EUR 12 billion, EBITDA of more than EUR 3.8 billion in 2025
  • “Commerce on the Move” and data-driven value-added services form the core topics at the Capital Markets Day

Wirecard, the global innovation leader for digital financial technology, is increasing its Vision 2025. Strong, accelerating organic growth drivers and powerful partnerships such as SoftBank have led management to increase the key figures of transaction volume, revenue and EBITDA targeted for 2025.

The anticipated transaction volume in 2025 is expected to be more than EUR 810 billion (up from EUR 710 billion). Group revenues in the same year could reach more than EUR 12 billion (previously expected: more than EUR 10 billion), EBITDA more than EUR 3.8 billion (compared to more than EUR 3.3 billion previously). The FCF conversion is expected to remain unchanged at more than 65 percent.

Wirecard’s strategy to achieve these growth-accelerating targets is based on three pillars:

In addition to ongoing success with smaller and medium-sized customers and business partners, the increased focus on large companies will lead to a significant increase in transaction volumes – while at the same time realizing profitable economies of scale.

The ongoing development of the payment ecosystem and its expansion to include digital financial services as well as data-driven value-added services form another important pillar. Thanks to comprehensive insights into the individual purchasing behavior of their customers, merchants benefit from tailor-made price and service offers, cross-sector customer loyalty programs and other value-added services. This ultimately leads to significantly improved conversion rates and significant revenue increases, while at the same time reducing customer acquisition costs. In addition, there are numerous digital financing options available to merchants. Alongside personalized and convenient shopping experiences, end consumers also benefit from valuable additional services such as credit or insurance – in real time and independent of the sales channel.

The third pillar is Wirecard’s global presence, which will also be greatly expanded in the coming years. From Europe, Asia-Pacific, Latin America to North America and the Middle East/Africa, in addition to a broad international range of services, an extensive network of local technology, service and sales locations is available to drive forward Wirecard’s strong growth.

At the company’s Capital Markets Day and Innovation Day, which will take place today at 10:00 a.m. local time in New York, USA (4:00 p.m. CEST), Wirecard CEO Markus Braun, CFO Alexander von Knoop, CPO Susanne Steidl and representatives of top management will provide further insights into the company’s development in addition to its Vision 2025. In particular, innovations and growth drivers around the topic “Commerce on the Move” will be discussed. Discussions with strong partners about the future of shopping as well as showcases will also be part of the day.

On the Investor Relations website ir.wirecard.com you will find the link to the live stream or webcast. The presentation slides will be made available for download, analogue to the agenda.

Follow us during the Innovation Day on Twitter under #ThinkWirecard.

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https://www.wirecard.com/company/press-releases/capital-markets-day-in-new-york-wirecard-increases-vision-2025Tue, 08 Oct 2019 07:30:00 +0200
40315<![CDATA[Wirecard and Libra Internet Bank team up with Rakuten Viber to bring instant messenger payments to millions of Eastern European consumers]]>
  • New “Moneytou – powered by Mastercard” service will run on the Rakuten Viber messenger app, which boasts over one billion users worldwide
  • Wirecard will process all card transactions within the app, ensuring a seamless user experience
  • The service will quickly roll-out across Eastern European markets targeting 25 million users in the first phase

Wirecard, the global innovation leader for digital financial technology, is working with Rakuten Viber and its partner NeoPay to launch a new money transfer service for users of Viber, the secure instant messaging app. With Moneytou – powered by Mastercard, users will be able to quickly and securely send money to each other via the popular messaging app, which has over one billion users worldwide. Wirecard will process these peer-to-peer (P2P) transactions made with payment cards linked to the Moneytou service, with Libra Internet Bank acting as the local acquirer. After the upcoming launch in Hungary, the service will quickly roll-out across other Eastern European markets targeting 25 million users in the first phase.

Today’s digitally savvy consumers increasingly crave the ability to make payments quickly and easily in a wide variety of ways: whether that is via traditional card products or through payment apps. P2P payment services such as Moneytou have rocketed in popularity in recent years. Recent research by Early Warning Services suggested that three quarters (75%) of millennials and over two-thirds (69%) of Gen Xers have used P2P as a method to send or receive money from businesses, family or friends. According to eMarketer, over $200 billion is expected to flow through P2P payment methods next year in the US alone.

Speed is of the essence in today’s digitally transformed society. With Moneytou, the transferred funds will appear in the recipient’s balance almost instantaneously, allowing them to be spent by card or withdrawn in cash. Further, to ensure a smooth and user-friendly experience, customers can register multiple cards within the Viber app. All transactions between users are processed by Wirecard.

“Rakuten Viber messaging is extremely popular, with the service now boasting over one billion registered users worldwide,” explains Utku Ogrendil, Regional Managing Director of Wirecard. “For some time, users have used the app to share photos and videos. The ability to also share funds was the next logical step and we are proud to be one of the launch partners for this new service. Whether wanting to split a restaurant bill, collect money for a joint wedding gift or giving a child their pocket money, it can be done by just a few clicks.”

“Our mission has always been to bring valuable solutions to users. We’re happy to announce the launch of Moneytou – coming soon in collaboration with companies such as Mastercard, NeoPay and Wirecard. By using Wirecard’s card processing expertise and technical support, we will be able to ensure a smooth, hassle-free experience for users wanting to instantly transfer funds to friends and family via Viber. We are excited to roll this out to a larger list of markets by the end of the year,” comments Cristina Constandache, Chief Revenue Officer at Rakuten Viber.

“It’s really exciting to be part of this project with Wirecard and to contribute to a unique payment solution that has the potential to be a winner in the entire region. This kind of partnership is perfectly suited to our organization, as we are highly customer oriented, agile and digital intensive,” said Emil Bituleanu, CEO of Libra Internet Bank.

To transfer funds to family or friends, users will simply tap a separate Moneytou icon within the Rakuten Viber messaging app without the need for lengthy bank account numbers or sort codes. Users will be able to send up to 125,000 HUF a month, and up to 780,000 HUF a year.

Rakuten Viber is a free, fast and secure messaging and calling application available on Android, iPhone and iPad, Microsoft Windows, MacOS and Linux. Over 1 billion users worldwide use Viber to communicate with their loved ones through high-quality audio and video calls, messaging, and much more. All Viber calls and chats are protected by built-in end-to-end encryption, so you can be sure that your conversations are always secure. Viber also provides a paid international landline and mobile calling service called Viber Out to reach anyone, even if they don’t have Viber.

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https://www.wirecard.com/company/press-releases/wirecard-and-libra-internet-bank-team-up-with-rakuten-viber-to-bring-instant-messenger-payments-to-millions-of-eastern-european-consumersFri, 04 Oct 2019 07:30:00 +0200
39755<![CDATA[Wirecard launches first fully digital multi-merchant loyalty solution]]>
  • Companies can drive additional revenue growth with partners from multiple industry sectors
  • Solution brings real added value for consumers by extending “earn and burn” offerings
  • Wirecard expects strong traction, especially within the airline sector where they have over 90 clients worldwide
  • Service enhancement is expected to drive at least EUR 150 million extra revenue in the next 12-18 months

Wirecard, the global innovation leader for digital financial technology, continues to expand its value added services portfolio with the launch of its fully-digital multi-merchant loyalty solution. With an unique B2B2C approach, the solution supports companies looking to globally expand their operations and tap into new industry sectors. By linking loyalty and payment services within a digital wallet, Wirecard is the first company globally combining these services fully cross-functionally. This means everything from issuing and managing branded loyalty cards and apps to managing all wallet transactions, will be handled by Wirecard. With this, the company offers airlines and other segments such as retail an all-in-one service through the Wirecard platform: customizable solutions, loyalty program support, and payment services integration.

Wirecard expects this unique service enhancement to drive EUR 150 million extra revenue in the next 12-18 months.

The customer journey is as simple as possible: Every time a consumer pays with a linked payment method, they collect rewards in the form of points, miles, or any other benefits. Users have more freedom when redeeming their rewards thanks to this flexibility. End customers’ points can be converted into digital money to make purchases both online and at point-of-sale across a range of merchants. At the same time, merchants benefit from the extra revenue that comes from points being redeemed digitally as a payment method.

To get the most out of the loyalty program, the Wirecard solution increases the number of possible touch points where users can earn and redeem points by combining multiple market segments. This kind of loyalty approach is especially relevant in the airline industry. A 2018 global study by Bond Brand Loyalty found that 50% of consumers are very satisfied with multi-brand loyalty programs.

“When it comes to loyalty programs, engagement and simplicity are key. With our flexible loyalty offering, we can involve more companies on a global scale,” commented Jörg Möller, EVP Travel & Mobility at Wirecard. “As a result, consumers can engage in a larger loyalty program, which offers them more channels to earn and spend their rewards around the world, and a seamless loyalty experience. We are excited to bring modern, innovative loyalty programs to the market with our new solution and continue to digitalize daily financial management.”

The new solution will be piloted in cooperation with CardGenY, a London based company which provides digital transformation toolkits for example for the travel industry. CardGenY customers include a number of national airlines and McKesson, a Fortune 500 company and a global leader in healthcare products. Through this cooperation, Wirecard and CardGenY can provide loyalty program operators with customizable and digital-first solutions.

“Loyalty and rewards is in our DNA – together with Wirecard, we are able to combine fully digital payment capabilities with a first-class loyalty management platform and points engine to support simple to complex programs. We are excited about enabling merchants to widen their reach and customer engagement and generate new revenue beyond their core business”, said Peter Marriott, Co-Founder of CardGenY.

The Customer Journey of the new loyalty solution is shown in this video.

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https://www.wirecard.com/company/press-releases/wirecard-launches-first-fully-digital-multi-merchant-loyalty-solutionTue, 01 Oct 2019 07:30:00 +0200
39424<![CDATA[Wirecard announces new Salesforce Commerce Cloud Integration]]>
  • Wirecard is focused on creating intelligent, unified buying experiences across all channels

Wirecard, a global innovation leader for digital financial technology, is driving unified commerce worldwide with a new Salesforce Commerce Cloud integration. This will enable merchants to integrate their shops with Wirecard’s digital Financial Commerce Platform and provide both business customers and consumers with an optimal payment experience.

“We are delighted to be able to offer Salesforce Commerce Cloud users the possibility of integrating superlative payment solutions into their shops via the Wirecard digital Financial Commerce Platform and provide a Unified Commerce experience. The combination of these technologies can enable merchants to launch their shops sooner, grow faster and reach more customers worldwide,” said Fredrik Neumann, VP Sales Retail at Wirecard.

By using the Wirecard platform, merchants are able to accept all major digital payment methods as well as benefit from post-processing operations such as capture, refund and cancellation within the same service offering.

As is the case with all Wirecard shop extensions, the new solution is fully open source, meaning everyone can use it without any obligation or registration, as well as adapt and change it according to their specific business needs. In addition, every merchant receives complimentary support from Wirecard even during the trial period and also has direct access to Wirecard developers to provide feedback.

Salesforce, Commerce Cloud and others are among the trademarks ofsalesforce.com, inc.

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https://www.wirecard.com/company/press-releases/wirecard-announces-new-salesforce-commerce-cloud-integrationThu, 26 Sep 2019 07:30:00 +0200
39144<![CDATA[Wirecard collaborates with Paradise Group, Singapore’s popular restaurant chain, to offer seamless payments solutions]]>
  • Wirecard will handle all credit and debit card transactions from major card schemes in Singapore through a unified POS
  • Customers in Singapore can now choose their preferred payment method for a seamless experience, including QR code which will be rolled out in the near future

Wirecard, the global innovation leader in digital financial technology, is collaborating with Paradise Group, a popular restaurant chain in Singapore to offer seamless payments solutions. With this cooperation in place, Wirecard will handle all credit and debit card transactions from major card schemes in Singapore through a unified POS. Customers in Singapore will benefit from greater flexibility and options to pay, including QR code payments which will be rolled out in the near future.

With over 100 outlets across Asia, Paradise Group is a Singapore-based popular restaurant chain known for its innovative and unique dining concepts. The restaurant group’s brands include Taste Paradise, Paradise Teochew, Seafood Paradise, Beauty in The Pot, Paradise Dynasty, Canton Paradise, Paradise Classic, Lè Fish Restaurant, Lè Roast Chicken, LèTen, Paradise Hotpot, ParaThai, Le Shrimp Ramen, LeNu and One Paradise. The chain already has outlets in Singapore, Malaysia, Indonesia, China, Japan, Hong Kong, Taiwan, Philippines, and Myanmar.

“We are delighted that Paradise Group has selected us as their preferred payment partner,” said Alson Lau, Head of Business Development APAC at Wirecard. “This is a testament of Wirecard’s digital payment expertise in the food and beverage industry, and our ability to understand the evolving needs of both our merchants and customers. We are proud to deploy our payment technology to Paradise Group, where their customers will benefit from greater flexibility and choice when they dine at any of the restaurants in Singapore.”

“Customers today are increasingly adopting contactless payment methods, and it is important for us to ensure that they are able to pay in a way that is fast, easy and widely accepted,” said Lin Sifang, Senior Marcom Manager at Paradise Group. “As one of the pioneers in the acquiring business, Wirecard is the ideal partner for us to deliver the seamless payment experience that meets our customers’ needs. By leveraging Wirecard’s all-in-one solution, we are able to streamline our workflow to improve operational efficiency, thereby enhancing customer experience. We look forward to exploring future collaboration with Wirecard as we continue to expand our business globally.”

Eating out is a major trend in Singapore – with 55% of Singaporeans eating out weekly and 24% eating out daily according to recent figures from Nielsen. This compares to 37% who ate out once or twice a week five years ago. Watch this video to explore more about the daily lifestyle habits in Singapore.

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https://www.wirecard.com/company/press-releases/wirecard-gewinnt-singapurs-beliebteste-gourmet-restaurantkette-als-kunden-fur-digitale-zahlungen-und-ermoglicht-eine-reibungslose-customer-journeyTue, 24 Sep 2019 07:30:00 +0200
38866<![CDATA[Wirecard and Turkey’s leading online flight booking agency Enuygun.com collaborate to improve the purchasing experience]]>
  • Turkey’s online flight ticket sales revenue to surpass EUR 7.3 billion by 2023

Wirecard, the global innovation leader for digital financial technology, and Enuygun, Turkey’s leading online travel agency for flights, are working together to optimize digital payments for Enuygun customers. Wirecard processes incoming credit card payments on Enuygun for both global and local schemes including Mastercard, Visa and Troy. With over 17 million visits per month and selling more than 5 million flights a year, Enuygun is the market leader for online flight bookings in Turkey. With its global brand Wingie, the company operates in five different languages.

Turkey enjoys a strategic geographic location being at the intersection of the Middle East, Central Asia, North and East Africa, and Europe and as a result serves as a major air traffic hub. Within Turkey, revenue for online flight ticket sales has been growing steadily: according to Statista, an annual growth rate of 7.9% is expected in the upcoming years (CAGR 2019-2023). As a result, by 2023 the market volume is expected to surpass EUR 7.3 billion.

“As both a leader in Turkey for online flight tickets and a technology-oriented travel company, it is essential for us to offer our customers a smooth and fully-digital booking experience,” said Ali Demirkan, Chief Financial Officer at Enuygun. “With Wirecard’s expertise in digital payments, our customers will benefit from an easy and hassle-free payment process, whether they choose to book via our website or mobile app. We look forward to a successful cooperation with Wirecard.”

“Enuygun is a household name when it comes to online flight booking, and we are excited to offer our digital payment acceptance services to yet another renowned online travel agency,” added Dündar Özdemir, Managing Director at Wirecard in Turkey. “Our cooperation with Enuygun offers great potential for us to further grow our footprint in the Turkish digital travel market. We are proud to leverage our many years of experience working with travel portals and provide fully digital financial services via our platform for millions of customers.”

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https://www.wirecard.com/company/press-releases/wirecard-and-turkeys-leading-online-flight-booking-agency-enuygun.com-collaborateFri, 20 Sep 2019 07:30:00 +0200
38657<![CDATA[Wirecard AG: Wirecard and SoftBank formalize strategic cooperation agreement]]>

Wirecard AG (Wirecard) and a subsidiary of SoftBank Group Corp. (SoftBank) have signed the final documents for the issue and subscription of the Wirecard convertible bond and the strategic cooperation agreement, in each case following Wirecard’s shareholder approval and the execution of the term sheet and memorandum of understanding between Wirecard and the SoftBank subsidiary on 24 April 2019.

Under the terms of the bond purchase agreement, and in accordance with the approval of Wirecard’s shareholders at its Annual General Meeting on 18 June 2019, convertible bonds with a total nominal value of EUR 900,000,000.00 combined with conversion rights to a total of 6,923,076 shares in Wirecard (corresponding to around 5.6 % of Wirecard’s current share capital) will be issued to the SoftBank subsidiary excluding shareholders' subscription rights. The bonds have a five-year term. The capital proceeds will support Wirecard in its continued investment in innovative payment and financial services, for the repayment of existing loans and for potential share buyback programs.

The strategic partnership provided for in the cooperation agreement will facilitate both companies to pursue global growth opportunities and synergy effects, including through the SoftBank ecosystem in the fields of digital financial services, data analysis and artificial intelligence, as well as SoftBank’s support of Wirecard’s planned geographic expansion into Japan and South Korea. The joint development of innovative financing solutions has also been identified as a potential area for collaboration.

The ambitious goals arising from the strategic cooperation with the SoftBank subsidiary are already pursued. Wirecard has already announced global partnerships with AUTO1 Group, Brightstar and OYO. The innovative and global orientation of both partners provides an extensive pipeline of collaboration and business opportunities with a number of active discussions already underway across the SoftBank ecosystem.

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https://www.wirecard.com/company/press-releases/wirecard-ag-wirecard-and-soft-bank-formalize-strategic-cooperation-agreementWed, 18 Sep 2019 07:30:00 +0200
19082<![CDATA[Wirecard and UnionPay, the world’s largest card scheme, sign MoU to form expanded global strategic partnership]]>
  • UnionPay leads the global card scheme market, having issued 57.6% of the world’s payment cards in circulation
  • Scope includes expanding global acceptance of UnionPay and developing joint digital payment solutions

Wirecard, the global innovation leader for digital financial technology, has signed an MoU with UnionPay, the world’s largest card scheme, to form a global strategic partnership. The agreement will support UnionPay’s ongoing international expansion and Wirecard’s growth in China and with Chinese businesses.

With over 7.59 billion cards issued under its brand, amounting to 57.6% of the world’s payment cards in circulation according to the Nilson Report, UnionPay leads the global card scheme market, and is an association for China’s banking card industry. The cooperation between Wirecard and UnionPay will focus on expanding the global acceptance of UnionPay as a digital payment method across all channels. In addition, the partnership will also launch a number of issuing projects, including corporate solutions such as payout products and SCP (Supplier and Commission Payments), and consumer-oriented products in the form of digital wallets for incoming tourists to China.

“As the world’s largest card scheme in terms of card issuance, UnionPay will be one of our key alliances in Asia,” commented Georg von Waldenfels, EVP Group Business Development at Wirecard. “We’re excited about the immense potential this partnership creates for both entities, and to deliver innovative solutions for current and future UnionPay cardholders globally. As a major tourist and business destination, China receives hundreds of millions of travelers every year, which means that the scope of our solutions will also address non-Chinese nationals and enable them to pay with UnionPay nationwide.”

“Through our global strategic partnership with Wirecard, we plan to continue driving our international expansion forward,” added Larry Wang, Vice President at UnionPay International. “We are proud to have an experienced partner in digital financial technology and global payments by our side to provide an even wider range of innovative solutions for UnionPay customers. We look forward to launching our partnership with Wirecard.”

The initial stage of the partnership will focus on launching additional projects in Asia-Pacific, Europe and the US, where both partners already work together for several years. Especially point of sale and issuing solutions will merge with the existing online payment business. Additionally, a consumer solution for the upcoming 2022 Winter Olympics in Beijing is being planned to take advantage of the large number of tourists who will visit the country.

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https://www.wirecard.com/company/press-releases/wirecard-and-union-pay-the-worlds-largest-card-scheme-sign-mo-u-to-form-expanded-global-strategic-partnershipMon, 16 Sep 2019 07:30:00 +0200
18882<![CDATA[Wirecard AG successfully issues first investment-grade bond]]>

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, SOUTH AFRICA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES OF SECURITIES WOULD BE PROHIBITED BY APPLICABLE LAW. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THE DOCUMENT.

  • Successful placement of the targeted bond volume
  • Investment grade rating by Moody's rating agency
  • Oversubscription of the bond volume of EUR 500 million by more than two times
  • Coupon rate of 0.50 % per annum
  • Bond term: September 2024

Wirecard AG has very successfully placed its first investment-grade bond with institutional investors. The issue offers access to a broad national and international debt investor base and thus contributes to an optimized and diversified capital structure within the Wirecard Group.

In the course of this, Wirecard was one of the first and few service providers in the payment industry to achieve an investment grade rating (Baa3, issuer and issue rating) from the independent rating agency Moody's.

The bond met with great interest on the capital market. With a target bond volume of EUR 500 million, the order book was oversubscribed more than two times following the completion of the pricing process.

Due to the investment grade rating and the current positive situation on the capital markets, an attractive pricing was achieved. The bond coupon was set at 0.50 % per annum, the term ends in September 2024. The funds will be used primarily to repay drawings on existing credit facilities. The bond will be listed on the Euro MTF of the Luxembourg Stock Exchange.

The issue of the financial instrument was accompanied by Crédit Agricole, Deutsche Bank and ING as global coordinators as well as Citigroup, Credit Suisse, ABN AMRO and Lloyds Bank as further joint bookrunners. To market the bond, road show events were held at the most important European financial centers.

Alexander von Knoop, CFO of Wirecard, says: "The very successful bond issue and the investment grade rating we have achieved offer us an excellent opportunity to optimize our financing structure and expand our capital investor base. As a globally active technology group, we are now also very well diversified on the funding source side and look forward to being represented on the capital market from now on for both equity and debt capital providers".

IMPORTANT NOTICE

The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy or completeness. The securities referred to herein may not be offered to the public in any jurisdiction in circumstances which would require the preparation or registration of any prospectus or offering document relating to the securities referred to herein in such jurisdiction.

This announcement contains forward-looking statements that are subject to various risks and uncertainties. Future results could differ materially from those described in these forward-looking statements due to certain factors, e.g. changes in business, economic and competitive conditions, regulatory reforms, results of clinical trials, foreign exchange rate fluctuations, uncertainties in litigation or investigative proceedings, and the availability of financing. Wirecard AG does not undertake any responsibility to update the forward-looking statements in this announcement. In furnishing our website address in this announcement, we do not intend to incorporate any information on our website into this announcement.

This announcement does not contain or constitute an offer of, or the solicitation of an offer to buy or subscribe for, securities to any person in Australia, Canada, Japan, or the United States of America (the "United States") or in any jurisdiction to whom or in which such offer or solicitation is unlawful. The securities referred to herein have not been and will not be registered under U.S. Securities Act of 1933, as amended (the "Securities Act") and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons, absent such registration, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

This announcement is directed at and/or for distribution in the United Kingdom only to (i) persons who have professional experience in matters relating to investments falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (ii) high net worth entities falling within article 49(2)(a) to (d) of the Order (all such persons are referred to herein as “relevant persons”). This announcement is directed only at relevant persons. Any person who is not a relevant person should not act or rely on this announcement or any of its contents. Any investment or investment activity to which this announcement relates is available only to relevant persons and will be engaged in only with relevant persons.

The Notes are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the EEA. For these purposes, a "Retail Investor" means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of MIFID II; (ii) a customer within the meaning of Directive 2002/92/EC ("IMD"), where that customer would not qualify as a professional client as defined in point (10) of article 4(1) of MIFID II; or (iii) not a Qualified Investor as defined in the Prospectus Directive. Consequently, no key information document required by Regulation (EU) No 1286/2014 (the "PRIIPs Regulation") for offering or selling the Notes or otherwise making them available to retail investors in the EEA has been prepared and therefore offering or selling the Notes or otherwise making them available to any retail investor in the EEA may be unlawful under the PRIIPs Regulation.

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https://www.wirecard.com/company/press-releases/wirecard-ag-successfully-issues-first-investment-grade-bondThu, 12 Sep 2019 08:00:00 +0200
18795<![CDATA[Wirecard digitizes the funding process for US-Fintech Lender Credibly via virtual wallets]]>
  • Since 2010, Credibly has funded over USD 1 billion with more than 23,000 fundings
  • Wirecard to issue digital payout cards and virtual wallets for Credibly small business customers
  • Credibly also benefits from Wirecard data analytics and reporting capabilities

Wirecard, the global innovation leader for digital financial technology, and Credibly, a US-based business funding fintech, have launched a new collaboration to digitalize Credibly’s funding disbursements. Wirecard is one of the largest issuers of payout cards in the US and now offers fully digitalized solutions, complete with a mobile app for users to track their balances and payment activities. Within the scope of the partnership, Wirecard will enable Credibly to issue working capital to its customer base on both physical and digital cards, improving funding speed via virtual wallets and offering a choice of payment methods to Credibly’s growing customer base.

In 2019, Credibly anticipates providing approximately USD 300 million to small and medium-sized enterprise (SME) clients. This volume will be available to be issued on cards by Wirecard, via Wirecard’s digital financial commerce platform. Added features like mobile wallet provisioning and access to Wirecard’s new mobile app allow Credibly’s customers to manage funds seamlessly, as well as choose where and how to spend their working capital. Credibly also gains small business spending data that will augment its already robust risk management and marketing models.

“We place an emphasis on making the funding process as frictionless as possible, and partnering with Wirecard allows us to issue smart cards that provide even faster access to funds, while providing full flexibility in how our clients spend their working capital,” said Jeffrey Bumbales, Director of Marketing & Strategic Partnerships at Credibly. “The enhanced data and reporting functionality will also bolster our models and risk analytics, in turn improving our ability to meet the financing needs of SMEs.”

According to a recent study by Guidant Financial, around 33 percent of small business owners in the US said that a lack of capital was their main challenge. Credibly solves this problem by offering tailored financing solutions for businesses, including working capital loans, business expansion loans and merchant cash advances.

“We are wholeheartedly focused on the customer experience,” said Ryan Rosett, Founder and co-CEO of Credibly. “Providing customers with the option to obtain and utilize their funds almost instantly is a major benefit of partnering with Wirecard.”

Moreover, a 2018 study by The Hackett Group found that by improving working capital management, USD 1 trillion could be released from the balance sheets of US companies. In other words, these companies ignored a proven opportunity to increase profits by as much as 20 percent. This makes financing solutions such as those offered by Credibly instrumental for growing SMEs.

“Having been a startup 20 years ago, Wirecard truly values services that encourage growing businesses. Credibly’s mission to support the next generation of entrepreneurs resonates with us, and we are proud to be working with them to help thousands of SMEs in the US get the funding they need to invest in their businesses and digitize their daily finances,” said Seth Brennan, Managing Director at Wirecard North America.

This cooperation between Wirecard and Credibly empowers SMEs across the country with faster access to capital, more flexibility in spending, and the tools to manage their businesses’ finances.

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https://www.wirecard.com/company/press-releases/wirecard-collaborates-with-us-fintech-credibly-to-issue-digital-fundings-to-smesWed, 11 Sep 2019 07:30:00 +0200
18537<![CDATA[Wirecard and Malaysia’s Affin Bank Berhad expand existing collaboration to drive customer growth and retention with fully digital internet banking solution]]>
  • In addition to retail banking solutions for private customers, Wirecard also enables banks in Asia to offer comprehensive transaction banking services for corporate clients and is market leader in Indonesia in this area
  • Wirecard can develop and scale its flexible platform-based ecosystem around payment and banking both internationally and locally

Wirecard, the global innovation leader in digital financial technology, and Affin Bank Berhad (“AFFINBANK”) today announced an extension of their collaboration focused on revolutionizing internet banking for consumers in Malaysia. Through this partnership, over 300,000 AFFINBANK customers are already benefitting from an array of services such as e-commerce and mobile payment powered by Wirecard technology. By leveraging more of Wirecard’s platform, AFFINBANK is able to launch a complete internet banking solution which will drive customer growth and retention and boost e-banking usage.

AFFINBANK is a financial institution listed on the Main Market of Bursa Malaysia (KLSE: 5185) and currently has a network of 110 branches across Malaysia. The Bank provides a suite of financial products and services tailored to both retail and corporate customers.

Together with local banks, Wirecard is capitalizing on the strong trend in Asia Pacific for internet banking with 77% of consumers preferring to bank digitally, as well as local banks’ preference to outsource technology development to third party experts.

Based on the company’s international expertise, Wirecard has developed specific solutions, tailored to the needs of banks in Asia who want to provide digital banking services to corporate or private clients. Leveraging Wirecard technology, banks are able to offer their corporate clients holistic transaction banking solutions such as cash management, liquidity management and invoice payment services. In Indonesia, Wirecard is already market leader in corporate transaction banking software solutions with more than 50% market share. For private clients, banks, such as AFFINBANK, can offer the complete range of digital banking functionality from money transfers and investment management to loans through Wirecard’s white-label software complemented with a corresponding app.

Group Chief Executive Officer of AFFINBANK, Kamarul Ariffin Mohd Jamil said, “We are pleased to partner with Wirecard and announce the enhanced Retail Internet Banking solution for our customers. The solution is a key product in the consumer segment and the expanded platform will help us to serve our customers better and provide an even better digital banking experience. As cashless payments continue to grow strongly in Malaysia, we look forward to working with Wirecard to provide more value-added services for our customers.”

“Customers today expect to perform their financial tasks with ease, and this means having access to banking services that are simple, intuitive and seamlessly connected across multiple channels including mobile and web,” said Chan Chun Fee, General Manager and Country Head of Wirecard Malaysia. “We are thrilled to continue to strengthen our relationship with AFFINBANK as their technology partner to address the needs of consumers who demand convenience and value, and a personalized experience.”

Since 2017, Wirecard has been enabling AFFINBANK to provide e-commerce and mobile payment services to its customers. Furthermore, AFFINBANK has been leveraging Wirecard’s digital financial commerce platform to enable merchants to accept online payments as well as credit and debit card payments via Wirecard’s point-of-sale terminals.

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https://www.wirecard.com/company/press-releases/wirecard-and-malaysias-affin-bank-berhad-expand-existing-collaborationMon, 09 Sep 2019 08:00:00 +0200
18318<![CDATA[Wirecard expands cooperation with Mizuho Bank on global scale]]>
  • Wirecard already offers acquiring and issuing services for Mizuho Bank corporate clients in the Asian region – new payout products and joint digital payment solutions to follow
  • Scope of expansion includes significant geographic growth within Asia-Pacific as well as in Europe and the United States

Wirecard, the global innovation leader for digital financial technology, is expanding its partnership with Mizuho Bank, Ltd., a leading global financial institution. The scope of the expansion includes a significant geographic extension, a collaboration on new payout products, and joint digital payment solutions.

Wirecard has been collaborating with Mizuho Bank since 2018, offering acquiring and issuing services for Mizuho Bank corporate clients in the Asian region. Mizuho Bank is part of Mizuho Financial Group, one of the largest financial institutions in the world present in 38 countries and regions, and holding USD 1.8 trillion in total assets (as of March 31, 2019). Mizuho Bank has one of the largest customer bases in Japan, and boasts a global network encompassing major international business centers.

Wirecard and Mizuho Bank are set to collaborate in further geographies within Asia-Pacific, including Australia, Malaysia, New Zealand and the Philippines. Globally, the collaboration will also extend to Europe and the United States. To complement Mizuho Bank’s service offering, a corporate payout solution is also being planned. Overall, Wirecard will support Mizuho Bank with innovative and fully digital solutions, aimed especially at banking clients in the food & beverage, retail and hospitality industries.

“We are constantly striving to offer the most innovative financial solutions to our corporate clients, and for this reason we have chosen to expand our partnership with Wirecard,” commented Kaoru Mochizuki, Head of Transaction Banking Asia Oceania, Mizuho Bank. “With Wirecard, we will develop our corporate product offering and further digitalize our services on an international scale. We are excited to continue working together with Wirecard and develop our partnership.”

“Since 2018, Mizuho Bank has leveraged on Wirecard’s wide range of payment acceptance and issuing solutions for their Asian corporate client base, and we are proud to expand this cooperation on a global scale,” added Laura McCracken, Global EVP Financial Institutions & Fintech at Wirecard. “A leading global financial institution, Mizuho Bank works with major businesses from a variety of industries across the world. Combined with our expertise in digital financial technology, we are confident that together we will deliver the most state-of-the-art solutions for Mizuho Bank clients. We look forward to a continued successful partnership.”

The two companies are presenting their expanded cooperation at the Wirecard Exchange and Innovation Day taking place today and tomorrow in Singapore. Mizuho Bank and Wirecard are discussing latest trends in the digital financial industry. Laura McCracken leads the discussion as new Global EVP Financial Institutions & Fintech at Wirecard – the former executive at Facebook and Amazon joined Wirecard on 1st September 2019.

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https://www.wirecard.com/company/press-releases/wirecard-and-mizuho-bank-expand-cooperation-on-global-scaleWed, 04 Sep 2019 08:00:00 +0200
18119<![CDATA[Wirecard and Brightstar sign MOU to digitize financial processes globally]]>
  • Under the terms of the MOU, the companies plan to collaborate in the areas of digital consumer lending, payment acceptance processing and card issuing for the retail channel
  • Through the cooperation, consumers can upgrade their smartphone devices more quickly
  • Wirecard anticipates significant transaction volume out of this deal
  • SoftBank Group Corp. is the parent company of Brightstar and introduced the two companies

Wirecard, the global innovation leader for digital financial technology, and Brightstar, a worldwide leader in device lifecycle management, have signed a Memorandum Of Understanding (MOU) with the goal of collaborating in the areas of digital consumer lending, payment acceptance processing and card issuing.

Brightstar is the world’s leading mobile services company for managing devices and accessories, handling over 100 million devices per year, across 50 countries. SoftBank Group Corp., parent company of Brightstar and strategic partner of Wirecard, facilitated the proposed collaboration.

“As a global mobile services company, we aim to bring the latest technology to as many users as possible,” commented David Nanayakkara, EMEA President at Brightstar. “Through our collaboration with Wirecard we plan to expand our already wide-ranging service offering, and continue providing the most innovative services to our customers worldwide. We are excited to work with Wirecard, a company that complements our global reach and digital innovation ambitions.”

“We are looking forward to working together with Brightstar and exploring areas around digital payment and financing where we can cooperate strategically,” added Georg von Waldenfels, EVP Group Business Development at Wirecard. “Together, we expect to bring a variety of new solutions to the mobile services market on a global scale and we anticipate significant transaction volume out of this deal.”

Under the terms of the MOU, digital financial services via the Brightstar platform are expected to be handled by Wirecard as the preferred payment service provider with both companies proactively exploring opportunities for cooperation to support their digitalization endeavors from now onwards.

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https://www.wirecard.com/company/press-releases/wirecard-and-brightstar-sign-mou-to-digitize-financial-processes-globallyMon, 02 Sep 2019 08:00:00 +0200
17911<![CDATA[Wirecard to partner with leading global retailer WHSmith for digital payments]]>
  • WHSmith has a significant presence in the UK in airports, hospitals, train stations and on most high streets, and the Group has a growing international business with over 400 stores in 99 airports worldwide

Wirecard, the global innovation leader for digital financial technology, is collaborating with WHSmith, a leading global retailer in news, books and convenience for the world’s travelling customer. The two companies are working together to expand WHSmith’s digital payment acceptance capabilities for e-commerce as well as at the POS, thus furthering the retailer’s digital journey.

With over 1,600 stores across the world in airports, hospitals, train stations and highway service areas, as well as on most UK high streets, WHSmith is a globally recognized brand for the world’s travelling customer. The company also has a flourishing e-commerce business which includes click & collect and “Buy Online Return in Store” (BORIS) options for a flexible customer experience. Thanks to the collaboration with Wirecard, WHSmith is further improving its service to consumers both nationally and internationally by enabling smooth and flexible payment acceptance and processing.

“We are happy to collaborate with WHSmith to process their digital payments,” commented Fredrik Neumann, VP Sales Retail at Wirecard. “Through this cooperation with yet another major retailer, we are proving our ability to understand the needs of internationally-facing merchants and the retail sector as a whole, as well as significantly expanding our footprint in the UK market. We look forward to a successful cooperation with WHSmith.”

“We aim to deliver the best service to our customers, and that includes providing convenient and easy payment methods both online and in-store,” added Ian Sanders, Group Commercial Development Director at WHSmith. “We are pleased to be working with Wirecard who have offered a tailor-made solution to our business and deliver the latest payment acceptance solutions. We are excited to offer our customers an even more flexible checkout experience across our WHSmith stores and e-commerce shop.”

As a first step, over 900 UK stores will be equipped with China payment methods. The integration benefits Chinese customers, who can now pay in WHSmith stores as if they were in their home country, without having to exchange money or carry cash. By giving Chinese customers the opportunity to use their local payment methods, WHSmith will become an even more attractive shopping destination for Chinese visitors. According to the UK Office for National Statistics, the number of Chinese tourists to the UK has doubled in the past five years, reaching almost 400,000 in 2018. A 2019 report by Nielsen found that 93% of Chinese tourists would be more willing to increase their spending while travelling if a larger number of merchants accepted mobile payments, making the integration a lucrative solution for retailers. In total, Wirecard has already enabled over 400 merchants globally to accept China payment methods, with individual merchants recording a transaction volume of up to EUR 10 million per month.

In addition, Wirecard and WHSmith are launching their e-commerce collaboration by enabling the retailer to process payments made using Mastercard’s Pay by Bank App. Pay by Bank App is an online checkout option that lets customers pay using the bank app on their phone, making online checkout easier since the payment takes place from the user’s own bank app. As a result, users do not need to disclose payment details, create new accounts or logins, or remember additional passwords. Customers benefit from an easy and seamless checkout experience, and as the solution already enables strong customer authentication, it is PSD2 compliant.

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https://www.wirecard.com/company/press-releases/wirecard-to-partner-with-leading-global-retailer-whsmith-for-digital-paymentsThu, 29 Aug 2019 08:00:00 +0200
17744<![CDATA[Wirecard and emonvia drive digitalization of e-mobility with charge@work solution]]>
  • emonvia is a joint venture of one of Germany’s largest energy providers N-Ergie, leading charging infrastructure provider ABL and digital company builder Mantro
  • Wirecard provides technology and processes all transactions
  • The offering is ideally suited for hotels, airports, supermarkets and companies
  • The laser specialist TRUMPF Group with one of the largest charging parks in Germany is a customer

Wirecard, the global innovation leader for digital financial technology, and emonvia, which was founded as a joint venture by one of Germany's largest energy providers, N-Ergie AG, are cooperating in the field of e-mobility. Together the companies are launching charge@work, a secure and sustainable all-in-one charging solution for company car parks. More than 60,000 corporate customers and public utilities throughout Germany use the energy services of N-Ergie, which recently recorded annual sales of EUR 2.8 billion.

Within the terms of the collaboration, Wirecard processes all payments and handles the billing and payout to the charge point operators via its digital platform. The main target group are companies as well as airports, hotels and supermarkets.

Laser specialist TRUMPF Group has been won as a first customer and will give its employees the opportunity to charge their vehicles in one of the largest charging parks in Germany. In the background, the individual transactions are settled automatically, with payments immediately assigned to booking accounts and receipts sent directly to the drivers.

The new state-of-the-art marketplace solution offers business customers an easy entry into electric mobility with a complete solution comprising hardware and software, along with installation and maintenance to simplify the set-up and operation of charging stations for electric cars. Thanks to Wirecard, the drivers themselves benefit from digital and simple payment processes.

“E-Mobility is one of the biggest trends of the coming years: By 2025, the market is expected to experience a ten-fold growth. By partnering with innovative companies such as emonvia, we are working to ensure that the trend reaches our daily lives. The entire process must be completely digital, and this is where our digital platform comes into play, handling all financial processes between end consumers, charge point operators and corporate customers,” said Jan Rübel, Head of Sales Travel & Mobility at Wirecard.

“For electric vehicles to fully establish themselves, consumers must be able to charge them everywhere, simply, transparently and safely. The payment process plays a central role in this. With Wirecard, we are pleased to have an experienced partner at our side who can reliably automate these important processes for us,” added Eduard Schlutius, CEO of emonvia.

Together with Wirecard, emonvia simplifies the billing of charging processes between employees, companies and guests. In addition, the two companies enable the upgrading of car parks to offer even more public charging options for electric vehicles.

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https://www.wirecard.com/company/press-releases/wirecard-and-emonvia-drive-digitalization-of-e-mobility-with-charge-work-solutionTue, 27 Aug 2019 08:00:00 +0200
17423<![CDATA[Wirecard wins SunExpress, one of Europe’s leading leisure airlines, as new client]]>
  • Wirecard processes credit card payments in six countries via the Billing and Settlement Plan (BSP)
  • SunExpress benefits from growing numbers of package holiday bookings
  • Wirecard already processes online and POS payments for over 90 airlines worldwide

Wirecard, the global innovation leader for digital financial technology, has signed an agreement with SunExpress, a joint venture of Lufthansa and Turkish Airlines, to process credit card payments in local travel agencies. The collaboration adds to the list of over 90 clients which Wirecard is already working with in the airline sector, processing both online and in-person payments.

Within the terms of the agreement, SunExpress uses the International Air Transport Association (IATA) interface in combination with the billing and settlement plan (BSP) via Wirecard's digital platform in six countries worldwide. The BSP is the world’s most used system for straightforward processing of airline ticket sales.

SunExpress is one of the largest airlines operating between Germany and Turkey and it has been offering non-stop services to Turkey and to popular holiday destinations for almost 30 years. In 2018, SunExpress welcomed almost 10 million passengers. This year, the airline is operating the largest fleet in its history, with 84 aircraft serving 90 destinations in 30 countries. According to the Turkish Ministry of Culture and Tourism, Turkey recorded more than 4.5 million visitors from Germany in 2018, which corresponds to second place in the international ranking behind Russia. Conversely, around 500,000 people travelled from Turkey to Germany. This puts Germany in fourth place among the most popular tourist destinations among Turks. The airline therefore also benefits from the growing trend towards package holidays.

“SunExpress is an established brand with a strong heritage, and also remains highly innovative. We are delighted to assist the airline in improving further aspects of their business – namely digitalizing and streamlining transactions via the BSP. Optimizing payment processes is key for airlines in order to meet increasing customer demand and we are looking forward to expanding our collaboration with SunExpress in this area,” said Eckart Reiche, Vice President Sales Airlines at Wirecard.

“In order to maintain and expand our position as one of the leading leisure airlines in Europe, close collaboration with tour operators, travel agencies and our service partners is key. Through partnering with Wirecard, we are now able to optimize the digital processing of credit card payments in travel agencies. This enables us to further enhance customer service and brand loyalty,” said Fatih Meriç, Finance Director at SunExpress.

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https://www.wirecard.com/company/press-releases/wirecard-wins-sun-express-one-of-europes-leading-leisure-airlines-as-new-clientFri, 23 Aug 2019 08:00:00 +0200
17194<![CDATA[Wirecard and OYO, one of the world’s largest hospitality chains, exploring collaboration on a global scale]]>
  • Wirecard will explore ways to enable OYO with innovative digital financial services and solutions including payment acceptance, credential issuance and payments technology
  • The collaboration would span across international markets where OYO is present, including the USA, UK, Europe and South-East Asia

Wirecard, the global innovation leader for digital financial technology, and OYO, the fast-growing hospitality business and world’s third largest hotel chain by room count, today announced that they are exploring collaboration opportunities to provide a suite of financial services to make payments for OYO hotels and home bookings seamless and hassle-free across several regions in the world, notably, South-East Asia, Europe, UK and the USA. OYO is a constituent of the SoftBank Vision Fund which facilitated the introduction to Wirecard.

As part of the collaboration, Wirecard will look to enable OYO with a wide range of digital financial commerce related services including payment acceptance and issuance for OYO’s booking services – online, mobile and point-of-sale (POS) – as well as enabling it to leverage Wirecard’s banking-as-a-platform capabilities that include lending and loyalty to ensure guests booking an OYO hotel have a hassle-free payment experience.

OYO provides quality living spaces for business and leisure travelers by leveraging its core capabilities of broad reach and efficient renovations, superior guest experiences, technology-based operations and independent distributions. Currently, OYO has an international presence with its hotels and homes business spread across the Indian subcontinent, China, South-East Asia, UAE, Saudi Arabia, Europe, USA and many other countries with a portfolio that comprises more than 23,000 hotels and 125,000+ vacation homes in 800 cities in 80 countries.

“We are very excited to explore working with Wirecard – not only because of the all-encompassing scope of the company’s set of financial service offerings but also because of its international financial payments expertise. By easing the booking experience for our customers around the world and helping create value-added offerings, Wirecard can help us come closer to our goal of becoming the most preferred and trusted hospitality brand in the world,” said Maninder Gulati, Chief Strategy Officer (Global) at OYO.

“OYO has truly revolutionized the hospitality space across the globe and we are excited to be engaging with them as they take their business to the next level. The future of the travel industry is digital, with unified, integrated customer experiences across all channels – and this includes smooth and reliable digital financial processes such as we intend to provide to OYO around the world,” said Georg von Waldenfels, EVP Group Business Development at Wirecard.

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https://www.wirecard.com/company/press-releases/wirecard-and-oyo-one-of-the-worlds-largest-hospitality-chains-exploring-collaboration-on-a-global-scaleTue, 20 Aug 2019 08:00:00 +0200
16958<![CDATA[Wirecard offers Fast Track PSD2 Onboarding and records strong new customer growth in this area]]>
  • From September 14, new regulations apply in Europe, including authentication for online shopping and banking
  • Wirecard automatically offers large as well as small and medium-sized merchants the prerequisites for two-factor authentication

Wirecard, the global innovation leader for digital financial technology, automatically offers all new customers a fast track to PSD2 onboarding via its digital Financial Commerce Platform.

From 14 September 2019, new rules will apply in the European Union that stipulate that every online payment or banking user must authenticate himself twice (3D Secure 2): this is a combination of knowledge such as a password or PIN, items in his personal possession such as a credit card, or biometrics such as his own fingerprint. For online merchants, this means that they have to change their payment acceptance in the backend to at least two of these three factors.

Wirecard supports its corporate customers in this transition and also offers a Fast Track PSD2 Onboarding Service for all new customers. Both large customers and small and medium-sized merchants using for example the SUPR by Wirecard solution – the Group’s online shop software – benefit from this. Wirecard has already recorded a sharp increase in new customer registrations in recent months and expects a further increase of 15% in August compared with July.

Sreelekha Sankar, EVP Payment & Risk at Wirecard, said, “We see the current period shortly before the transition to the new PSD2 regulations very positively. Thanks to our fast digital service offering, our merchants have nothing to be concerned about. Of course, we are pleased that, as a result, we are seeing an above-average number of new customers, both in the large merchant segment on the Wirecard platform as well as in the SME segment via SUPR.”

Further information can be found here. Listen and watch the webinar “Understanding 3D Secure 2: Boosting conversion and security in parallel” by Kilian Thalhammer, Vice President Product Management Payment & Risk at Wirecard.

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https://www.wirecard.com/company/press-releases/wirecard-offers-fast-track-psd2-onboarding-and-records-strong-new-customer-growth-in-this-areaFri, 16 Aug 2019 08:00:00 +0200
16745<![CDATA[Wirecard drives the future of customer centricity with Grab & Go Store]]>
  • Customers enjoy high levels of flexibility and convenience: consumers enter the store via smartphone, pick products which are scanned automatically, the payment happens automatically when leaving

Wirecard, the global innovation leader for digital financial technology, continues to break new ground in the future of shopping with its prototype of an unmanned store. The Grab & Go Store concept offers shoppers a convenient, seamless purchasing experience through AI: consumers enter the store via smartphone, pick products which are scanned automatically, the payment happens when leaving – with this, lines, checkouts and opening hours are eliminated, and the payment process happens in the background.

Launched by Wirecard’s Innovation Labs, the Grab & Go Store works through a combination of computer vision, deep learning, and logic. The store offers a convenient and entirely streamlined customer journey: both pre-registered and new shoppers can simply enter the store after being automatically identified at the door, select their desired items, and leave.

“At Wirecard, we believe that the future of shopping is all about customer convenience,” said Jörn Leogrande, EVP Wirecard Labs. “Our Grab & Go Store is suitable for a variety of shopping scenarios which put the customer first and give them the utmost flexibility. We see the Grab & Go Store and similar concepts becoming widespread in the near future, and for this reason we are positioning ourselves at the forefront of this technology.”

The store grants access to customers through a variety of methods via smartphone, which can be tailored to the merchant’s preference. Non-registered users can enter the store with a tap of their credit card, after entering an email address to receive their receipt. Another scenario consists of giving access to users who have downloaded the store app and have registered their payment data beforehand.

After selecting their items, shoppers simply walk out of the store and the payment is triggered. The system detects misplaced items, for example items which were picked up and then left on a different shelf, and will not charge the shopper for these items. As a result, customers can shop as they would naturally, picking up and examining items and leaving the store only with the items they have decided to buy.

The store lends itself to a variety of retail scenarios. Instead of being present at the checkout desk, staff can carry out more valuable customer service roles. The store can also be adapted to a store-in-store concept, for example for expensive or age-restricted products. Merchants can leverage on additional features via an app, such as real-time inventory updates, meaning that the store manager is always up to date on inventory changes and can react accordingly.

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https://www.wirecard.com/company/press-releases/wirecard-drives-the-future-of-customer-centricity-with-grab-go-storeThu, 15 Aug 2019 08:00:00 +0200
16490<![CDATA[Wirecard offers fully digital payout solutions for millions of North American consumers with launch of new mobile app]]>
  • Wirecard’s new mobile app benefits payout solution users and corporate customers alike
  • Main features include an ATM locator, digital balances and payment details as well as access to Wirecard’s 24/7 customer service

Wirecard, the global innovation leader for digital financial technology, announces the launch of its new mobile app for millions of North American consumers who are leveraging the company’s payout solutions. Wirecard is the leading provider of payout solutions in North America with clients such as Mary Kay, Liberty Mutual, WestJet and Isuzu Commercial Truck of America, Inc. using the solution.

With the new Wirecard app, cardholders can seamlessly track related balances and payment activities on their mobile device, benefiting from digital personal finance mangement. The mobile app is part of Wirecard’s drive to advance the digital transformation of payments and build a more integrative financial experience globally. In designing the app, Wirecard included the flexibility to cobrand with its clients, while keeping end-users’ needs and preferences in focus.

Seth Brennan, Managing Director of Wirecard North America, said, “The new app provides a simple and intuitive, fully digital financial experience that integrates with our existing payout solutions. We are excited to offer cardholders the latest digital tools to help them manage their Wirecard accounts more seamlessly. Wirecard’s goal has always been to increase accessibility through investments in digital innovation. The mobile app is the latest piece of an ongoing effort to make cashless payments available to everyone.”

The new app, which is free to download on both Android and iOS devices, delivers speed, choice, and convenience to end-users — whether they are receiving earnings, consumer incentives, or a one-time refund. It allows cardholders to view their account history, balances, and payment and transaction details. An ATM locator helps users find the nearest spots to withdraw cash from their prepaid debit accounts, if desired. Users also have access to Wirecard’s 24/7/365 multilingual customer service.

Both Wirecard’s card solutions and the mobile app support the company’s global strategy of digitalization, its expansion into new markets, and its commitment to enhancing the digital payment experience for all.

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https://www.wirecard.com/company/press-releases/wirecard-offers-fully-digital-payout-solutions-for-millions-of-north-american-consumers-with-launch-of-new-mobile-appFri, 09 Aug 2019 08:00:00 +0200
16135<![CDATA[Half-Year Financial Report 2019 - Wirecard AG: continued strong growth]]>
  • Consolidated revenues increased by 36.7 percent
  • EBITDA increased by 35.8 percent
  • Earnings after tax + 50.7 percent
  • Free cash flow + 48.5 percent
  • EBITDA 2019 guidance increased
  • Vision 2020 increased

Wirecard AG remains on its strong growth path following the end of the first half of 2019. In the first half of 2019*, consolidated revenues increased by 36.7 percent to EUR 1,209.8 million (H1/2018: EUR 885.2 million). In the second quarter, consolidated revenues increased in comparison to the previous year by 37.4 percent to EUR 643.0 million (Q2/2018: EUR 467.9 million).

The transaction volume processed via the Wirecard platform grew by 37.5 percent to EUR 77.3 billion (H1/2018: EUR 56.2 billion) in the first half of 2019.

Operating earnings before interest, tax, depreciation and amortisation (EBITDA) grew by 35.8 percent to EUR 342.1 million (H1/2018: EUR 252.0 million) in the first half of 2019 and by 35.6 percent to EUR 184.1 million in the second quarter of 2019. Earnings after tax increased by 50.7 percent to EUR 237.5 million (H1/2018: EUR 157.6 million) in the first half of the year. This corresponds to earnings per share of EUR 1.92 (H1/2018: EUR 1.27).

The cash flow from operating activities (adjusted) amounted to EUR 284.0 million (H1/2018: EUR 196.2 million). The free cash flow increased to EUR 239.6 million (H1/2018: EUR 161.4 million).

Dr. Markus Braun, CEO, Wirecard AG, said, “In the first half year our growth accelerated, hence we are looking extremely optimistically towards the second half of 2019. Accordingly we have increased our EBITDA forecast for 2019 as well as our Vision 2020.”

The Management Board of Wirecard AG raised its forecast for the fiscal year 2019 to an EBITDA of between EUR 765 million and EUR 815 million (before: EUR 760 million and EUR 810 million).

This forecast is based on, amongst other things, the continued dynamic growth of the global e-commerce market, the trend towards digitalization in the bricks and mortar trade, the acquisition of new customers, cross-selling effects with existing customers and the continuous expansion of the value chain to include valuable additional services such as data analytics, loyalty programs and financial services including loans.

Additionally the vision 2020 has been raised. A transaction volume higher than EUR 230 billion is expected. On consolidated revenue level more than EUR 3.2 billion are expected with an unchanged corridor of the EBITDA margin and an unchanged FCF conversion.

The six-monthly financial report as of 30 June 2019 is available on the company's website at: ir.wirecard.com/financialreports

* Some of the amounts disclosed for 2018 differ from the figures in the Interim Report as of 30 June 2018 due to adjustments made in accordance with IAS 8.

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https://www.wirecard.com/company/press-releases/half-year-financial-report-2019-wirecard-ag-continued-strong-growthWed, 07 Aug 2019 08:00:00 +0200
16010<![CDATA[Wirecard expands cooperation with lastminute.com for global digital payments]]>
  • Wirecard announces collaboration with lastminute.com, part of lm group, as an international payment acceptance provider

Wirecard, the global innovation leader for digital financial technology, is expanding its collaboration with lastminute.com and is taking over payment acceptance for the online travel and leisure retailer as one of its acquiring partners. In addition to the issuing of B2B and B2C travel cards, payments carried out on lastminute.com will be handled by Wirecard via the company’s digital financial commerce platform.

lastminute.com, part of lm group, a leading European travel company with a diverse brand portfolio offering a variety of travel services, has been collaborating with Wirecard in the field of Supplier and Commission Payments (SCP) for subsidiaries of lastminute.com for several years. In 2018, the two companies then jointly launched the lm Card, a multi-currency Visa card for travelers.

The business partnership has now developed on an international scale, to deliver fast, secure and reliable payment acceptance for both the merchant and the customer.

lm group recently processed a Gross Transaction Value (GTV) of EUR 2.3 billion globally. This is in line with the widespread trend of booking travel services online. According to Statista, between 2018 and 2023, the number of consumers using an online travel booking service, including those for package holidays, hotels and vacation rentals, is expected to grow by 28%. In the same time period, a 35% growth is projected for the number of users taking advantage of online mobility booking services, including those for flights, trains, cars and buses. Worldwide, revenue for the eTravel market will reach EUR 1.3 trillion by 2023.

“We are excited to expand our cooperation with lastminute.com and bring them in to our digital financial commerce platform,” said Jan Rübel, Head of Sales Travel & Mobility at Wirecard. “We have a long and successful track record of providing lastminute.com with tailor-made digital financial services. Now that payments are completely seamless, digital and reliable, consumers can concentrate on preparing for their dream vacation. We look forward to continuing the expansion of our business relationship with lastminute.com on a global scale.”

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https://www.wirecard.com/company/press-releases/wirecard-expands-cooperation-with-lastminute.com-for-global-digital-paymentsTue, 06 Aug 2019 08:00:00 +0200
15781<![CDATA[Wirecard and Sisal Group – through SisalPay – enter strategic cooperation to drive digital payments in Italy]]>
  • With more than 15 million customers and 200 million transactions per year, SisalPay is Sisal Group’s payment services brand

Wirecard, the global innovation leader for digital financial technology, and Sisal Group, through its brand SisalPay, have signed an agreement to partner in the field of digital payments.

With more than 200 million transactions per year, 40,000 points of sale and 15 million customers, SisalPay already offers one of the most successful payment services in Italy and is regulated by the Italian central bank, Banca d'Italia. Users can access more than 500 individual services, including utility bills payments, tax payments, mobile phone top-ups, and subscriptions to digital TV services. The target of the new cooperation between Wirecard and the Sisal Group is to make contactless payments as simple and user friendly as possible.

“With the aim of guiding people towards new innovative consumption experiences, concretely contributing to the digital evolution of the country towards a cashless society, we constantly invest in people, skills and technology. SisalPay’s growth strategy is based on innovation and cutting-edge technologies. In this regard, with Wirecard we have found the ideal partner who shares our vision of an innovative payment universe and helps us to further digitize Italian society where 50% of payments are already contactless,” said Francesco Maldari, Head of Payment Services Business Unit at Sisal Group.

“With the help of Wirecard, SisalPay can unlock the potential of digitization and offer customers new integrated solutions to offer consumer maximum flexibility. We are delighted to contribute our global expertise in digital payments to SisalPay’s business strategy and expect a further expansion of the strategic partnership,” added Julian Weste, Vice President Sales Financial Institutions and FinTech Europe at Wirecard.

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https://www.wirecard.com/company/press-releases/wirecard-and-sisal-group-through-sisal-pay-enter-strategic-cooperation-to-drive-digital-payments-in-italyFri, 02 Aug 2019 08:00:00 +0200
15453<![CDATA[Wirecard drives cashless payments in Singapore together with Gong Cha, the global bubble tea company]]>
  • Gong Cha stores in Singapore use Wirecard’s payment technology at their in-store POS. This includes the cashless kiosks, which reduce check-out lines and increase efficiency
  • Bubble tea is a trend in Singapore, where hundreds of thousands of bubble tea drinks are sold every week

Wirecard, the global innovation leader for digital financial technology, further drives cashless payments in Singapore together with Gong Cha, a premium bubble tea retailer. Present in over 20 regions worldwide, Gong Cha is one of the most recognized bubble tea brands in the world. Wirecard provides payments acceptance services for all 25 Gong Cha stores in Singapore, and supports the bubble tea retailer in its rapid expansion across the island as Singapore benefits from the hype, where hundreds of thousands of bubble tea drinks are sold every week.

The bubble tea industry is growing at a fast pace, not only in Singapore but also on a global level. According to Allied Market Research, the global bubble tea market was valued at EUR 1.7 billion in 2016, with that figure projected to reach EUR 2.8 billion by 2023. The Asia-Pacific and North American markets alone account for more than 83% of the global bubble tea industry, in terms of value.

All Gong Cha stores in Singapore use Wirecard’s payments acceptance services at their POS, including at the cashless kiosks. Deployed in cooperation with Wirecard, the cashless kiosks offer both customers and the retailer a number of benefits, including a reduction in queuing times, faster checkout, and freeing up staff to take on further customer service roles.

“As payments in Singapore continue to digitalize, we find it essential to offer our customers the same digital experience they expect from any major retailer or service provider island-wide,” commented Andy Oh, Chief Operations Officer at Gong Cha. “Together with Wirecard, we can ensure that every customer who chooses to visit us can pay with their preferred favorite method, in all of our locations. We are happy to partner with Wirecard as we continue to expand our brand across Singapore.”

“We are excited to cooperate with Gong Cha, one of Singapore’s major bubble tea brands, to enable digital payments for customers all over the country, which is rapidly going into a cashless society,” added Judith Loh, Head of Relationship Management, APAC, Sales at Wirecard. “As a leader in digital financial technology, we offer flexible solutions which can be adapted to the needs of any merchant. With Gong Cha, we have again proven our innovative power in digital payments and our ability to meet the needs of our merchants.”

With Wirecard’s payment technology, Gong Cha customers can pay for their purchases using their EZ-Link card, one of Singapore’s most widely used contactless payment solutions for public transport, retail, and government services.

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https://www.wirecard.com/company/press-releases/wirecard-drives-cashless-payments-in-singapore-together-with-gong-cha-the-global-bubble-tea-companyWed, 31 Jul 2019 08:00:00 +0200
15445<![CDATA[Wirecard supports the largest home improvement retailer in Brazil Leroy Merlin with online marketplace solution]]>
  • Wirecard cooperates with Leroy Merlin in Brazil to support them in the expansion of their B2C marketplace
  • Leroy Merlin recently recorded annual revenues in Brazil of almost USD 1.4 billion

Wirecard, the global innovation leader for digital financial technology, and Leroy Merlin have signed an MOU to expand the e-commerce business of the construction and home improvement specialist. Leroy Merlin, which is headquartered in France and is present in 13 countries, is part of the ADEO Group. The group is the third largest player worldwide in the home improvement market.

As part of the cooperation, Wirecard will support the marketplace of Leroy Merlin in Brazil. The B2C marketplace provides a platform where both in-house Leroy Merlin brands and partner suppliers can reach shoppers. Present in Brazil with 41 stores and boasting a portfolio of 100,000 items, the recent overall revenue of Leroy Merlin in Brazil totaled almost USD 1.4 billion.

“We are excited to continue growing our marketplace solution, which has already been well-received in Brazil. We have chosen Wirecard to support our marketplace expansion due to their extensive know-how in digital marketplaces, both in Brazil and worldwide,” commented Cristiano Ceravolo Athayde, Head of Marketplace at Leroy Merlin. “Having invested heavily in our digital expansion, we have high ambitions for our online solutions. In 2018, we welcomed 10 million visitors to our website each month, and we expect that number to continue increasing as we improve our product and service offering.”

“As e-commerce in Brazil continues to boom, we are proud to be at the forefront of digital innovation for merchants,” added Sandra Meermann Hying, Member of the Board at Wirecard in Brazil. “With our marketplace offering, which can be tailored to the needs of any business, we are confident that Leroy Merlin suppliers will enjoy a streamlined and convenient management solution. We look forward to cooperating further with Leroy Merlin on a global scale.”

Wirecard offers its unique marketplace solution to Leroy Merlin, which includes a split payment solution to manage payments and commissions for suppliers. In addition, sellers have their own digital account where they can track orders and payments, all from a single platform. Through a digital wallet, sellers can also pay bills and carry out P2P money transfers. Customer payments are protected thanks to the comprehensive risk management solution, which allows only authorized transactions to go through, thus increasing the conversion rate.

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https://www.wirecard.com/company/press-releases/wirecard-supports-the-largest-home-improvement-retailer-in-brazil-leroy-merlin-with-online-marketplace-solutionTue, 30 Jul 2019 08:00:00 +0200
15186<![CDATA[Wirecard enables state-of-the-art payment solution for eMAG customers]]>
  • Collaboration is contributing to driving the digitalization of all aspects of the customer journey

Wirecard, the global innovation leader for digital financial technology, is furthering its pioneering work in the field of real-time digital payment solutions in Romania, taking advantage of the strong digitalization trend and improving the overall customer experience. The company is enabling a state-of-the-art payment solution for eMAG customers. eMAG is the largest e-tailer in Romania with annual sales figures of over EUR 1 billion and has also expanded into new markets such as Bulgaria, Hungary and Poland. The company operates its own online shop with well-known consumer brands as well as a marketplace for merchants to sell their products. Categories range from electronics and home appliances to toys, fashion, DIY and furniture.

“Online shopping is growing fast in Romania and this is mainly due to the growing comfort that the end consumer feels when ordering or paying. The latest payment solution with eMAG is taking this experience to a new and higher level, contributing to making all aspects of the purchase process as fast and seamless as possible, and we are excited to be pioneering it,” said Utku Ogrendil, Managing Director at Wirecard in Romania.

The volume of online sales of goods in Romania increased by 30% to EUR 10 million per day, according to calculations compiled by GPeC based on data supplied by major local online retailers. The growth rate was among the highest in Europe for the second year in a row, showing the market’s robust growth potential. Electronics & Media is currently the leading product category in Romania, followed by Fashion. By 2022, Electronics & Media will still be the most purchased online category, with an estimated value of USD 1.07 billion, according to Statista. Fashion will have an expected worth of USD 909.6 million.

Especially for these segments, Wirecard has developed a special solution for eMAG customers: Leveraging Wirecard’s digital financial commerce platform, eMAG is able to ensure immediate and uncomplicated refunds with its “Instant Money Back” offer, based on Mastercard Money Send and Visa Direct services. By shortening the time of receiving money back from days to just a few minutes, eMAG is further improving customer service leading to increased brand trust and loyalty. The solution is the first of its kind in Europe and applies to all purchases, regardless of sales channel, thus driving Unified Commerce.

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https://www.wirecard.com/company/press-releases/wirecard-enables-state-of-the-art-payment-solution-for-e-mag-customersFri, 26 Jul 2019 08:00:00 +0200
14862<![CDATA[Wirecard cooperates with Morocco’s national airline Royal Air Maroc to integrate digital payments globally]]>
  • Wirecard handles Visa, Mastercard and Maestro payments made through the Royal Air Maroc website and travel agencies
  • Customers benefit from flexible digital payment processes and an improved user experience

Wirecard, the global innovation leader for digital financial technology, is handling payments for online and travel agency bookings for Royal Air Maroc, Morocco’s national airline, and one of Africa’s leading and fastest growing airlines.

Royal Air Maroc is set to join the oneworld alliance in mid-2020, and has annual passenger figures of 7.4 million with an average of 245 daily departures. In 2018, Royal Air Maroc and its subsidiaries generated revenues of EUR 1.5 billion.

In addition to processing all online Visa, Mastercard and Maestro payments for Royal Air Maroc, Wirecard also handles credit card payments made via travel agency or airline agent ticket transaction settlement systems, such as ARC (Accounts Receivable Conversion) and IATA’s Billing and Settlement Plan (BSP), which serves more than 400 participating airlines and in 2018 processed more than EUR 221.6 billion.

“We serve more than 90 destinations internationally and welcome passengers from around the globe on our flights,” said Yassine Berrada, CFO at Royal Air Maroc. “To reflect our global presence and reach, we are constantly broadening the scope of our service offerings, which includes ensuring a convenient and easy payment experience no matter how our passengers choose to book flights with us. We are delighted to be cooperating with Wirecard in the area of digital payments.”

“The large part of air travel bookings are now paid for online and this trend is set to grow exponentially as payments become more digital,” said Eckart Reiche, Vice President Global Airline Sales at Wirecard. “Not only is Morocco a top tourist destination, Casablanca, as the major hub for Royal Air Maroc, connects flights to North and South America, Europe, Africa, the Middle East, and in the near future, Asia. We are proud to leverage on our expertise in global digital payments for Royal Air Maroc, and add another national airline to our already extensive client portfolio.”

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https://www.wirecard.com/company/press-releases/wirecard-cooperates-with-moroccos-national-airline-royal-air-maroc-to-integrate-digital-payments-globallyTue, 23 Jul 2019 08:00:00 +0200
14520<![CDATA[Wirecard and ALDI sign MOU and agree collaboration]]>

Wirecard, the global innovation leader for digital financial technology, and the ALDI Nord and ALDI SÜD Groups have signed an MOU and plan to work together in the area of cashless payments.

Within the scope of the partnership, Wirecard will process all credit card and international debit card payments at all ALDI stores in Germany. The possibility of expanding the cooperation is also being considered.

“Wirecard and ALDI share a common vision of making lasting improvements to the customer experience. In the retail sector, optimal payment processes, which we can enable, play a key role in this. We are therefore very pleased to be working with ALDI and developing our partnership in the future,” said Christian Reindl, EVP Retail & Consumer Goods at Wirecard.

“We always aim to offer our customers the easiest and fastest service – and that includes the payment process,” said Sebastian Jockel, Deputy Head of Financial Management at ALDI Nord.

“With Wirecard, we have found a reliable partner to facilitate smooth payments for our customers,” explained Guido Niechcial, Corporate Finance & Administration Director at ALDI SÜD.

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https://www.wirecard.com/company/press-releases/wirecard-and-aldi-sign-mou-and-agree-collaborationFri, 19 Jul 2019 08:00:00 +0200
14443<![CDATA[Wirecard starts partnership with AUTO1 Group, Europe’s leading digital automotive platform]]>
  • The companies will develop new digital financial services for consumers
  • Individual services via boon planned, Wirecard’s consumer payment and banking platform
  • Wirecard will continue to explore collaboration opportunities across SoftBank’s portfolio, which is comprised of companies operating in a multitude of industries and sectors, including transportation, consumer goods, health tech and telecommunications

Wirecard, the global innovation leader for digital financial technology, enters into a strategic partnership with AUTO1 Group, Europe’s leading digital automotive platform. The agreement was fostered through SoftBank’s existing partnership with Wirecard and AUTO1 Group and will cover several products in the area of digital financial services.

Berlin-based AUTO1 Group revolutionized the way cars are traded by developing a fully digital platform that enables both private customers and professionals to trade cars seamlessly throughout Europe. Well known for its affiliated companies wirkaufendeinauto.de, AUTO1.com, Autohero and AUTO1 Fintech, the Group meanwhile offers several additional digital services along the value chain of car trading. AUTO1 Group reported a EUR 2.9 billion revenue in 2018, and boasts a car stock of more than 30,000 vehicles and more than 1 million private customers.

Wirecard and AUTO1 Group will further develop digital financial services together, offering consumers state-of-the-art services via boon, Wirecard’s consumer payment and banking platform while professional partners will benefit from the partnership via AUTO1 Fintech, AUTO1 Group’s digital loan specialist unit.

“As part of the continuous optimization of our service offering, we were looking for a knowledgeable partner with long-standing experience in both the financial and digital industries,” said Hakan Koç, Co-founder and Co-CEO of AUTO1 Group. “We are confident that with Wirecard we can continue driving our global business forward at a fast pace by offering our various customer groups individualized digital financial solutions.”

“We are excited to work with AUTO1 Group, a European market leader in the used car industry,” added Georg von Waldenfels, EVP Group Business Development at Wirecard. “AUTO1 Group can leverage on our wide-ranging financial service offering. We look forward to working together to develop joint solutions for AUTO1 Group companies.”

In the future, Wirecard is planning to build and provide digital financial services to further SoftBank’s numerous portfolio companies, operating in a multitude of industries and sectors, including transportation, consumer goods, health tech and telecommunications.

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https://www.wirecard.com/company/press-releases/wirecard-starts-partnership-with-auto1-group-europes-leading-digital-automotive-platformThu, 18 Jul 2019 08:00:00 +0200
14157<![CDATA[Wirecard transforms shopping experience with unique Smart Mirror]]>
  • Customers enjoy a fully personalized digital shopping experience including tailored recommendations, availability information and online ordering option
  • Advantages for merchants include cross- and up-selling opportunities and improved alignment with customer needs

Wirecard, the global innovation leader for digital financial technology, is once again pushing the boundaries of the shopping experience with its new prototype of a Smart Mirror, developed by Wirecard’s Innovation Lab. It is Germany's first intelligent mirror through which consumers can also pay.

The unique offering offers a completely new customer journey in-store by enabling customers to access a wide range of information directly through the mirror: Alternative sizes, different colors, matching products – everything appears on the mirror's display. If the consumer clicks on “purchase” and scans a QR code, the payment is triggered. This eliminates the need to search for alternative sizes and colors and avoids long lines at the checkout. The goods can also be picked up afterwards or delivered home.

Jörn Leogrande, EVP Wirecard Labs, said, “The shopping experience is made unique by the buying process on the Smart Mirror: it offers individual recommendations and the possibility to request other colors or sizes without leaving the changing room. This concept is not only appealing to customers, but also offers merchants many benefits from additional sales opportunities. One of the key features is the easy and fully digital checkout, which can be done with the customer’s own device – no need to queue or take out their credit or loyalty cards.”

The mirror is particularly relevant for fashion retailers, but can also work as a sales assistance tool in any retail outlet. Due to the unique feature set, it enables stores that want to provide a seamless shopping and checkout experience to differentiate themselves from the competition.

Merchants also have the opportunity to tailor the feature set to meet their needs for example to maintain their preferred level of consumer interaction and to support Unified Commerce by fully integrating all channels such as offering options to order and pay for their items in-store and have them delivered home. In addition they can integrate surveys, targeted discounts as well as options to share on social media.

Watch the new shopping experience in this video.

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https://www.wirecard.com/company/press-releases/wirecard-transforms-shopping-experience-with-unique-smart-mirrorTue, 16 Jul 2019 08:00:00 +0200
13592<![CDATA[Wirecard partners with YES BANK, India’s fourth largest private sector bank, to continue driving financial inclusion]]>
  • The partnership will expand the scope of a biometric payment system developed by the National Payments Corporation of India

Wirecard, the global innovation leader for digital financial technology, announced today a partnership with YES BANK, India’s fourth largest private sector bank, to continue driving financial inclusion in the country. The partnership will expand the scope of India’s Aadhaar Enabled Payment System, a biometric digital payment system developed by the National Payments Corporation of India. As a result, digital payments and banking transactions will be more readily accessible to Indian residents, including those living in remote areas.

From now on, Wirecard retail agents in India will be supported by YES BANK’s infrastructure and will serve as customer representatives India-wide to provide essential financial services, such as cash withdrawals and deposits, bank-to-bank transfers, and balance inquiries, to customers. Millions of consumers will benefit from daily financial services, which they quickly approve with their fingerprint.

Wirecard provides consumers daily with access to affordable digital financial services such as ticketing, mobile top-up, insurance or logistics through its nation-wide retail agent network and offers hundreds of thousands of retailers the opportunity to earn extra money by driving financial inclusion in India. Earlier this year, Wirecard started a similar successful partnership of this kind and now continues to offer a wide range of digital financial services together with YES BANK.

"Financial inclusion and digital payment are core focus areas for YES BANK and we remain committed to the twin national agenda of Financial Inclusion and Digital India. Through our partnership with Wirecard, we will further proliferate AEPS-based cash withdrawal services, which serves a large part of India’s population residing in semi-urban and rural areas,” commented Mr. Ritesh Pai, Chief Digital Officer at YES BANK. “The Bank continues to take strides towards improving last mile inclusion and be at the forefront of the financial inclusion movement in India. We look forward to developing our partnership with Wirecard and offer progressive digital payment solutions across India.”

“We are delighted to partner with YES BANK and empower residents of India, especially those who live in rural areas and cannot easily access financial institutions, with the tools to manage their finances in an efficient and secure way,” added Anil Kapur, Managing Director India at Wirecard. “Our wide ranging retail agent network has once again proven to be an ideal solution for companies and industries in India seeking a nationwide service provider for their digital financial needs.”

The Aadhaar Enabled Payment System is based on the Aadhaar system, an initiative on behalf of the Government of India to issue a unique identity number for each resident with the aim of promoting social and financial inclusion, public sector delivery reforms, and managing fiscal budgets, among others. As of July 2019, more than 1.2 billion residents have been equipped with a biometric Aadhaar identification, and as a result it is considered to be one of the most reliable identity documents in India.

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https://www.wirecard.com/company/press-releases/wirecard-partners-with-yes-bank-indias-fourth-largest-private-sector-bank-to-continue-driving-financial-inclusionWed, 10 Jul 2019 08:00:00 +0200
13344<![CDATA[Wirecard supports online supermarket getnow with seamless, flexible payment solutions]]>
  • The online food retailing segment is one of the biggest growth drivers in e-commerce
  • Wirecard leverages its extensive experience with e-commerce payment solutions

Wirecard, the global innovation leader for digital financial technology, is driving the trend towards online grocery shopping with state-of-the-art payment methods through its collaboration with getnow, a leading German online supermarket. Thanks to Wirecard, getnow is able to offer its customers a flexible variety of digital payment options, with Wirecard processing all payments. Once customers order groceries via getnow’s comprehensive online platform, getnow employees then purchase the goods from the largest German wholesaler METRO and carry out same-day deliveries.

Online grocery shopping is one of the fastest growing e-commerce segments, growing at an annual rate of around 10% in Germany. Globally, online grocery purchases are growing 4 times faster than offline grocery purchases. Consumers who purchase groceries online spend on average between 30 and 50% more than those who purchase in-store. For 47% of consumers, convenience – which includes all payment-related processes – is the main reason to buy groceries online. In Germany, more than 60% of consumers have already purchased groceries online or plan to do so in the future. Overall, the market offers great potential: consumers in Germany spend more than 200 billion euros annually on groceries.

“With our platform, we offer a new shopping experience that attracts an increasing number of customers. Ultimately, online grocery shopping is much easier and less tedious than in a traditional supermarket: from the selection of products to the checkout. We know the major role payment plays when it comes to online shopping, and with Wirecard we have found a partner who understands our vision and helps us offer a fully digital and uncomplicated shopping experience,” said Sebastian Wiese, CTO at getnow.

“Buying groceries online is efficient and is a wise choice especially for recurring purchases. We are therefore pleased to continue to support the industry globally by digitizing payment processes. In the meantime, almost all consumer goods sectors have been fully digitalized, and we are seeing a clear trend towards Unified Commerce across all sales channels. In this sector, online grocery shopping plays a decisive role,” added Christian Reindl, Executive Vice President Retail & Consumer Goods at Wirecard.

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https://www.wirecard.com/company/press-releases/wirecard-supports-online-supermarket-getnow-with-seamless-flexible-payment-solutionsMon, 08 Jul 2019 08:00:00 +0200
13126<![CDATA[Wirecard and CreditPilot announce strategic partnership to drive provisioning of mobile and digital financial services to mobile network operators and retailers]]>
  • CreditPilot Any2Any (A2A) platform enables retail businesses and mobile operators to provide financial services to their clients and subscribers and is available to almost 100 million people worldwide
  • Wirecard will integrate its digital payment processing technology into CreditPilot’s A2A Platform-as-a-Service offering
  • Wirecard and CreditPilot will also work on joint business propositions for strategic prospects

Wirecard, the global innovation leader for digital financial technology, and CreditPilot, a banking and B2B2C-focused fintech, have announced the signing of a new partnership agreement. Under the terms of the agreement, CreditPilot will incorporate Wirecard’s digital payment processing technology into its A2A (Any2Any) platform ecosystem for mobile and digital financial services provision, which is available to almost 100 million people worldwide. In 2018, CreditPilot’s various platforms processed approximately €2.7 billion worth of transactions.

The CreditPilot A2A platform enables retail businesses and mobile operators to offer financial services to their customers and subscribers. CreditPilot provides its clients in the telecom and retail segments with a fully managed mobile/digital financial services platform-as-a-service, as well as all necessary compliance expertise, assessment and implementation of key business procedures specific to the financial sector. Among A2A’s current users are mobile networks operating under trademarks of the Tele2 and VEON groups.

Services available on the CreditPilot A2A platform include international and domestic money remittance, mobile commerce and payments, digital goods marketplace, micro-loans and micro-insurance. By integrating the Wirecard solutions, CreditPilot is expanding its offering to enable its telecoms und retail customers to accept and process digital payments across all channels, which will further drive forward the digitalization of payments worldwide.

“We are delighted to partner with CreditPilot and integrate our solutions into their Any2Any offering. Together, we can enable mobile network operators and mobile virtual network operators to provide their subscribers with a comprehensive range of financial products and services, ensuring a seamless customer experience in remittance, everyday payments and purchase of digital goods,” said Philippe Laranjeiro, Head of Sales, Digital & Telco at Wirecard.

“With Wirecard’s ample payment technologies portfolio, we can onboard more clients more effectively and ensure high quality of service worldwide”, said Felix Polianski, Vice President of Mobile and Digital Financial Services at CreditPilot.

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https://www.wirecard.com/company/press-releases/wirecard-and-credit-pilot-announce-strategic-partnership-to-drive-provisioning-of-mobile-and-digital-financial-services-to-mobile-network-operators-and-retailersThu, 04 Jul 2019 08:00:00 +0200
12929<![CDATA[Wirecard to offer installment payment service to Shopee users in Singapore]]>
  • Shopee users in Singapore benefit from the multi-acquirer installment payment plan solution provided by Wirecard Asia
  • Merchants and consumers profit from the flexibility, convenience and economics of the offering

Wirecard, the global innovation leader for digital financial technology, is set to launch an installment payment plan (IPP) on Shopee, the leading e-commerce platform in Southeast Asia and Taiwan. Shopee has a wide selection of product categories ranging from consumer electronics to home & living, health & beauty, baby & toys, fashion and fitness equipment. The IPP will be rolled out to selected Shopee sellers in Singapore, who will receive full settlement upon order completion.

“We are excited to collaborate with Shopee to offer Wirecard’s multi-acquirer IPP solution to customers in Singapore, enabling them to choose from any of the three local banks when purchasing online. According to latest stats, more than half of global shoppers are buying big-ticket items such as electronics online. The new feature will offer customers an easy and affordable way to indulge in their shopping pleasures, and we look forward to continually improve the payment experience for them,” said Alson Lau, Head of Business Development at Wirecard Asia Pacific.

“The new solution provided by Wirecard allows users to shop without financial restraints by using their credit cards to pay for big-ticket items in fixed monthly payments. Offering an interest-free installment plan is a win-win situation for both consumers, who can opt to spread their payments over a certain period at no additional cost, and sellers, who will still receive the full settlement upon order completion. This new feature will give users more flexibility and options, improving the end-to-end shopping experience,” said Zhou Junjie, Chief Commercial Officer at Shopee.

The new feature enables customers in Singapore to pay for big-ticket items on Shopee and is available to all users who hold a credit card from any of the three local banks. Shopee users can choose to pay for purchases in fixed monthly payments over periods of 6 or 12 months. Customers purchasing from selected retailers on Shopee with a minimum transaction of SGD200 will be eligible for the IPP.

Shopee will run a campaign locally called 7.7 on July 7, with 0% Installment Payment, where users can look forward to exclusive deals and promotions. In line with the campaign, Shopee will be rolling out the IPP solution to selected retailers, providing additional convenience and flexibility to its customers.

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https://www.wirecard.com/company/press-releases/wirecard-to-offer-instalment-payment-service-to-shopee-users-in-singaporeTue, 02 Jul 2019 08:00:00 +0200
12656<![CDATA[Wirecard expands payout product offering in the Philippines, further driving cashless payments]]>
  • Wirecard launches payout solution for POS and Online in the Philippines
  • Wirecard leverages on its experience with Payout Cards e.g. from the US where Wirecard is the leading provider for payout solutions in the telecom and cable sector

Wirecard, the global innovation leader for digital financial technology, further drives cashless payments in the Philippines with the launch of the company’s payout solution. The cards, issued by Wirecard under the new local e-money license, can be used in a wide range of industries. Cardholders can use the contactless cards to carry out seamless transactions at the POS and online, and can manage their cards via the Wirecard Payout online portal and with an associated app which is currently being developed. With this, Wirecard brings its knowledge around payout cards solutions to the Asian region.

In the US, Wirecard is already today one of the leading providers for payout cards, especially in the telecom and cable sector. With the business model, North America is today one of the regions where Wirecard sees not only major transaction volume but a lot potential in new industries alike, such as in the property and utility sector. For example, Wirecard offers US customers its Virtual Express solution for immediate and reliable delivery of digital funds including refunds, incentives, and rewards, designed specifically for mobile wallets. A further roll out of a similar digital wallet solution is planned for the Asian region in the near future.

Wirecard’s three new payout products in the Philippines are targeted towards governments, public sector clients, and corporations. The uses range from loan or refund provisions, corporate expense reimbursements, and commission payouts. As a result, the cards are an attractive solution for both public and private entities.

“Launching Wirecard’s payout solution in the Philippines will help our customers not only be more efficient, but also bring cashless payments to more individuals,” commented Arne Matthias, Executive Vice President Issuing at Wirecard. “With our technology and payments expertise we are uniquely positioned to help with the digitization of payments – offering our payout products in the Philippines is another important milestone for Wirecard as we continue to invest and grow in the Asia Pacific region.”

Cashless payments are gaining speed in the Philippines, making the Southeast Asian country an ideal market to roll out contactless payout cards. A recent study by Visa found that 5 out of 10 Filipinos feel confident going cashless for 3 days, with that number increasing to nearly 7 out of 10 when asked about going cashless for 1 day.

“With our payout solutions, we are helping our customers make easy payments to individuals, helping to streamline the payment process across a variety of industries nationwide,” said Martha Borja, General Manager at Wirecard Philippines. “Compared to traditional payout methods, our solutions offer a number of benefits to both card managers and cardholders. We are excited to see our payout offering improve the payout processes for our customers who are seeking a more cost-effective and efficient payout solution.”

The payout cards offer many benefits to cardholders and card managers alike. Cardholders can use the cards to pay at the POS and online, reducing the amount of cash they carry on hand, and do not need a bank account to use the cards. If needed, users can even withdraw cash from ATMs with their cards. Through the Wirecard Payout online portal, users can see an overview of their card activity and balance. Wirecard’s payout products are 3DS enabled, ensuring the highest level of protection for cardholders. Card managers benefit from a more streamlined administration of disbursements, bulk loading of payout cards, and an overall reduction of overhead costs.

For more information, please visit: https://www.wirecard.com/payment-base/payout-cards

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https://www.wirecard.com/company/press-releases/wirecard-expands-payout-product-offering-in-the-philippines-further-driving-cashless-paymentsFri, 28 Jun 2019 08:00:00 +0200
12348<![CDATA[boon Planet: Payment and banking via a single app enters pilot stage]]>
  • Users can open an account, transfer money, make contactless payments with their smart device and benefit from a real-time transaction overview
  • boon Planet enters the pilot phase with several hundred accounts, the complete launch will follow in October 2019
  • boon Planet will be expanded in the future to include additional value-added features such as mobile insurance and loyalty functions

Wirecard, one of the world’s fastest growing digital platforms for financial commerce, is launching boon Planet – the unique ecosystem of mobile payment and banking services. With boon Planet, users have access to the entire diversity of everyday digital financial handling with just one app: Whether opening an account in just a few minutes, gaining a complete overview of all finances (Personal Finance Management) and making contactless payments via a smart device or card – boon Planet combines it all.

This makes boon, Wirecard's mobile payment app, the first of its kind to create an integrated payment and banking experience for end consumers. In the first phase, several hundred accounts will test the solution. The full launch will take place from October this year. Starting with Germany, all existing boon payment users will then have the opportunity to add banking to their existing boon account. New customers will also be able to register directly for both services, which are available separately as well.

In addition to the fully digital and comprehensive bank account, users will be able to make SEPA transfers to third parties. They will also be able to use a physical Debit Mastercard in combination with their app. In future, value-added services such as innovative loyalty solutions and other digital financial services such as mobile insurance will be added. For example, products that users buy with boon could be insured at the same time.

Claudia Kaub, Head of Consumer Solutions at Wirecard, says, “We are very pleased to start the pilot phase of boon Planet. As the name suggests, in the future we will offer all our users the whole world of digital payment and banking. Once again, we are demonstrating our pioneering spirit and offering consumers everything from a single source. With boon Planet, we will set new standards so that our users no longer have to leave the app for their everyday finances.”

boon is based on the Wirecard Financial Commerce Platform – from the front end to the back end – and will in future be the Group's only B2C product. Today, boon is available throughout Europe via Apple Pay, Google Pay, Garmin Pay and Fitbit Pay. In future, boon will also be launched outside of Europe. boon can also be used as a complete white label or co-branded solution for Wirecard’s existing and future corporate partners.

boon will inform all users as soon as the new boon Planet solution is fully available.

Stay tuned: https://www.beboon.com/

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https://www.wirecard.com/company/press-releases/boon-planet-payment-and-banking-via-a-single-app-enters-pilot-stageMon, 24 Jun 2019 08:00:00 +0200
11983<![CDATA[Wirecard drives smart biometrics with innovative palm scanner]]>
  • Wirecard sees biometrics as the next big payment trend after smartphones, and is already developing respective technologies
  • Consumers can pay quickly and easily by scanning their palm

Wirecard, the global innovation leader for digital financial technology, is reinforcing its position as a pioneer and trendsetter for cashless shopping solutions. Wirecard is introducing a smart payment terminal at which consumers can pay by scanning their palm.

The new prototype will expand Wirecard's portfolio in the area of biometric payments and enable fast, convenient payments without any further proprietary infrastructure. This method will be able to replace traditional cash registers in the future. Wirecard is thus complementing its facial recognition-based IoT shelf launched in 2018, and is once again showing what the shopping and payment experience could look like in the future.

The new solution is not only suitable for use in the retail industry, but is also ideal for admissions at events such as music festivals and sports events, or in the mobility sector including public transport or at the airport. Consumers experience a seamless, digital payment and shopping experience and can even leave their smartphones or wallets at home.

According to recent international research conducted by Oxford University in collaboration with Mastercard, the vast majority of consumers (93%) prefers biometrics over passwords for validating a payment.

Jörn Leogrande, Executive Vice President of Wirecard Labs, said, “At Wirecard, we strongly believe that biometrics will follow smartphones as a major means of payment and replace passwords in the future. With the new palm scanner, the advantages for consumers are clear. The scanner is fast, simple and extremely secure due to the uniqueness of everyone’s palm. We want to shape the future of the retail industry and consumer experience, and for this reason are already developing tomorrow’s technologies today.”

The Smart Biometrics solution works by allowing registered customers to place their palms on the biometric scanner for identification. This triggers a real-time payment via the digital Wirecard Financial Commerce Platform.

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https://www.wirecard.com/company/press-releases/wirecard-drives-smart-biometrics-with-innovative-palm-scannerWed, 19 Jun 2019 08:00:00 +0200
11692<![CDATA[Wirecard expands cooperation with KaDeWe Group, operator of Germany’s most famous department stores, to enable all digital in-store payments]]>
  • Wirecard will now handle the entire payment process at the POS after successfully integrating Chinese payment methods for KaDeWe Group stores in 2018
  • KaDeWe Group operates German luxury department stores KaDeWe, Alsterhaus, and Oberpollinger

Wirecard, the global innovation leader for digital financial technology, is expanding its cooperation with KaDeWe Group, operator of Germany’s most famous department stores for luxury products. After successfully integrating Chinese mobile payment methods for the group stores in 2018, Wirecard will now handle all cashless payments.

KaDeWe Group is comprised of three stores: The KaDeWe in Berlin, one of the largest and most renowned department stores worldwide, the Alsterhaus in Hamburg and the Oberpollinger in Munich. KaDeWe alone welcomes over 50,000 customers every day and is today both a shopping destination and a tourist attraction for local and international customers.

The Wirecard digital financial commerce platform provides retailers such as KaDeWe Group with access to the complete Wirecard ecosystem including value-added services such as data analytics, all of which contribute to improving the customer journey and enable a holistic Unified Commerce.

In the German retail trade sector, revenues are constantly rising each year. By 2022, the revenue is projected to increase to EUR 666 billion. As Europe’s largest economy and one of the region’s most populated countries, Germany is an attractive market for retailers. The KaDeWe Group, an important player in the German premium brand sector, recorded a further increase in non-cash sales in 2018. Since the integration of mobile payment options, such as Alipay and WeChat Pay, and respective marketing activities, the company has been able to generate further growth last year thanks to Wirecard's support for Chinese customers.

“We are excited to expand our cooperation with Wirecard and continue offering fast and easy payments for all of our customers,” said Dr. Michael Peterseim, CFO of the KaDeWe Group. “As operator of Germany’s most well-known department stores, it is essential for us to deliver the best possible customer experience to each individual guest, and we are happy to have a knowledgeable and experienced partner like Wirecard by our side.”

The initial integration will see all three stores fully equipped with Wirecard’s POS solution. The project scope includes 450 stationary and mobile devices, for a fast and convenient payment experience.

“It is a testimony to the success of our initial collaboration that we are now the digital payment provider of choice for KaDeWe Group,” added Alexander Hahn, Vice President POS Retail Solutions at Wirecard. “In addition to integrating Chinese payment methods into the checkouts, now Wirecard is taking over the entire payment process for the department stores in Berlin, Hamburg, and Munich. This announcement further proves our expertise not only for Chinese mobile payments, but also for the entire payment scope including value-added services such as data analytics, enabling merchants to further individualize and improve the customer journey. We look forward to a successful integration, and to further grow our cooperation with KaDeWe Group.”

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https://www.wirecard.com/company/press-releases/wirecard-expands-cooperation-with-ka-de-we-group-operator-of-germanys-most-famous-department-stores-to-enable-all-digital-in-store-paymentsMon, 17 Jun 2019 08:00:00 +0200
11551<![CDATA[Wirecard and Crédit Agricole Payment Services announce next stages of strategic partnership]]>
  • Wirecard and Crédit Agricole Payment Services (CAPS) have agreed on joint commercial business routes for tier 1 merchants
  • Wirecard will equip CAPS with its next-generation digital Financial Commerce Platform
  • CAPS will offer Wirecard’s unique branded e-commerce shop extension service to their customers for a state-of-the-art Unified Commerce experience
  • French merchants can offer consumers the best digital shopping experience

Wirecard, the global innovator leader for digital financial technology, and Crédit Agricole Payment Services (CAPS), a fully-owned subsidiary of Crédit Agricole, are today announcing the next stages of their digital payment agreement. Within the scope of the partnership, the two companies are shaping the future of digital commerce together and cooperating to launch a range of cross-channel acceptance and pan-European acquiring services.

Since the latest update, Crédit Agricole Payment Services is the first European partner to benefit from Wirecard’s new e-commerce shop extension solution. It will be available at the end of the year, after a pilot phase that will start at the end of summer. Thanks to automatic updates, merchants are able to constantly optimize the digital shopping experience for consumers and offering a state-of-the-art Unified Commerce solution.

Following a comprehensive technical integration of their technologies, Wirecard and CAPS have agreed on joint commercial business routes for tier 1 merchants and have already issued concrete business plans to hundreds of large strategic accounts. These customers will benefit from new e-commerce payment acceptance and acquiring services, developed by Wirecard, which the two companies are jointly bringing to market.

Bertrand Chevallier, CEO at Crédit Agricole Payment Services, said, “Our partnership with Wirecard means for us taking big steps in terms of bringing value-added services to customers of Crédit Agricole that improve the user experience. We are focusing on innovations to our merchants in France and the whole of Europe.”

Thorsten Holten, EVP FinTech & Financial Institutions at Wirecard, added, “Since announcing our partnership, we have been working constantly on developing joint state-of-the art digital payment solutions as well as an effective go-to-market strategy, especially for tier 1 customers. Once it is in place, we will work on expanding our offering including our unique white labelling proposition aimed at accelerating the integration of merchants’ online shops with our innovative financial commerce platform.”

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https://www.wirecard.com/company/press-releases/wirecard-and-crédit-agricole-payment-services-announce-next-stages-of-strategic-partnershipFri, 14 Jun 2019 08:00:00 +0200
11150<![CDATA[Wirecard enables e-commerce channel for IKEA Thailand’s first online store]]>
  • Wirecard to provide digital payment services for Swedish furniture brand in Thailand, after implementing its platform services in Singapore and Malaysia
  • Across Thailand, businesses earned an estimated 3.3 billion euros in revenue through e-commerce in 2018

Wirecard, the global innovation leader for digital financial technology, enables payments for Thailand’s first IKEA online store. With this partnership, Wirecard ensures smooth digital payment transactions for IKEA Thailand and enables customers to conveniently order and pay for their purchases, and have them either delivered or collect them at IKEA stores. As a result, customers across Thailand will benefit from a consistent and integrated payment experience.

E-commerce is becoming more popular in Thailand. Currently, there are 39.8 million e-commerce users in Thailand, with that number expected to increase to 45.3 million by 2022. A sharp increase in the overall number of internet users, along with the spread of e-commerce platforms and improved delivery logistics, have led to an e-commerce boom in the Southeast Asian country. In 2018, total e-commerce revenue in Thailand amounted to 3.3 billion euros, with the top three purchase categories being electronics and media, fashion, and furniture and appliances.

“With the opening of our online store in Thailand, we are bringing affordable, beautiful home furnishing solutions to people in all corners of the country,” said Koen Besteman, Head of E-Commerce at IKEA Southeast Asia. “Now, people who live hundreds of kilometres from our big, blue-box stores in Bangkok can find inspiration on our website, shop for any of the 8,000+ products in our range, order, pay and arrange for delivery.”

“We are happy to have an experienced partner like Wirecard by our side, ensuring that all of our online customers enjoy a smooth and user-friendly shopping experience,” added Koen.

The announcement is a result of a partnership between Wirecard and Ikano, owner and operator of IKEA stores in Southeast Asia. With Wirecard’s business expansion into the Thai market, merchants can successfully launch their e-commerce business that connects to the Wirecard platform, while providing a seamless and fuss-free payment experience for consumers. In addition to Thailand, Wirecard already provides digital payments services for IKEA online stores in Singapore and Malaysia.

“As innovation and technology change customers’ expectations and shape the way people shop, it is crucial for businesses to transform to meet the needs of the new generation of tech-savvy shoppers,” said Jeffry Ho, Regional Managing Director at Wirecard. “IKEA Thailand has reacted to this demand, and we are proud to be their digital payment partner of choice. Through this cooperation, we are bringing our Unified Commerce shopping experience to even more customers worldwide.”

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https://www.wirecard.com/company/press-releases/wirecard-enables-e-commerce-channel-for-ikea-thailands-first-online-storeTue, 11 Jun 2019 08:00:00 +0200
11021<![CDATA[Wirecard supports the digitalization of Doka, one of the leading formwork technology companies]]>
  • Doka, which is headquartered in Austria, is successfully implementing its internationalization strategy with the help of Wirecard

Wirecard, the global innovation leader for digital financial technology, is supporting Doka, one of the world's leading companies in formwork technology, in leveraging the potential of e-commerce. Wirecard has provided the payment integration for Doka's online shop and is supporting the formwork technology supplier in implementing its internationalization strategy.

Customers from 14 countries can currently access Doka’s online offering. Each year, between six and eight additional countries are to be connected to the online shop. A special feature of Doka and its online offering is the comprehensive rental business, which is offered in selected countries. Wall and ceiling formwork, along with construction accessories and safety equipment can not only be purchased, but also rented. All current payment methods, including credit cards, are available to carry out transactions. The payment processing is handled by Wirecard.

As a result, it is even easier for Doka customers to benefit from the company’s comprehensive portfolio comprising development, production and provision of formwork technology for all areas of construction. Wherever the tallest buildings, longest bridges and most cutting-edge structures are to be erected, the company's formwork solutions made of timber, wood-plastic composites, steel and aluminum are in demand. Doka employs more than 6,700 people in over 70 countries and is part of the family-run Umdasch Group, which boasts a 150-year-old company history.

With its online shop, Doka is setting an important precedent for the construction industry. Whereas today only 5% of all construction materials are purchased online, by 2030 it is expected that 25% of all turnover in the construction sector will be generated online. These findings are a result of the study “Changing B2C/B2B Market Structures Through E-Commerce,” carried out by Roland Berger, leading global consultancy.

“We opted to work with Wirecard as it is one of the leading and largest providers of digital payment solutions, and has significant international experience. In the construction industry, the demand for innovative products, solutions and services is rising beyond national borders. Digitalization plays a decisive role in increasing productivity, which makes it all the more important to work with a partner that is at the forefront of both technology and internationalization,” commented Gerald Haring, Head of Department E-Commerce at Doka.

“The cooperation with one of the leading Austrian-based formwork technology companies highlights how strongly digitalization is affecting the industry, as digital sales strategies will also determine the future success of manufacturers and service providers. We are delighted to be contributing to our partner’s digital development, in order to continue expanding the business from 14 countries to around 40 countries in which Doka will soon offer its digital services,” added Roland Toch, Managing Director CEE at Wirecard.

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https://www.wirecard.com/company/press-releases/wirecard-supports-the-digitalization-of-leading-construction-company-dokaThu, 06 Jun 2019 08:00:00 +0200
10939<![CDATA[Wirecard enables Chinese mobile payment methods for NK, Sweden’s most iconic department store]]>
  • Wirecard will enable NK department stores to accept leading Chinese mobile payment methods
  • Department stores are one of the top shopping destinations for Chinese tourists, along with duty-free shops and large supermarkets

Wirecard, the global innovation leader for digital financial technology, has announced a new customer win with NK (Nordiska Kompaniet) department stores. One of Sweden’s most famous department stores, NK welcomes over 9 million visitors annually to its luxury stores in Stockholm and Gothenburg. Wirecard will enable the two NK department stores in Sweden to accept leading Chinese mobile payment methods. The integration has taken place also thanks to a cooperation between Wirecard and Cimple Marketing, Nordic-based marketing and payment specialist in the area of Chinese consumers.

A 2018 Nielsen and Alipay study found that, among Chinese tourists, department stores are one of the top shopping destinations, along with duty-free shops and large supermarkets. In addition, these three retailer categories are also those where mobile payment is used most frequently by Chinese tourists. Overall, the use of mobile payment for this target group is widespread: Last year, around 60% of Chinese tourists worldwide paid with their mobiles. This trend has led more and more merchants to adopt a Chinese mobile payment solution for their shops.

“Mobile payment is incredibly widespread in China, and, as China is one of the biggest travelling nations in the world, it is essential for merchants to adopt the technology that will give shoppers the freedom to pay with their preferred payment method,” said Fredrik Neumann, Vice President Sales Retail at Wirecard. “With NK as a customer, we are furthering our mission of enabling digital payments for all, and we are excited to join forces with Sweden’s most famous department store.”

The total transaction volume spent using Chinese payment methods and processed via the Wirecard platform has more than doubled in the last year. In department stores, Chinese guests averagely spend around 810 Euro per purchase. The highest single purchase with Chinese payment methods and processed by Wirecard was over 40,000 Euro. NK also expects to gain significant sales benefits from the latest integration.

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https://www.wirecard.com/company/press-releases/wirecard-enables-chinese-mobile-payment-methods-for-nk-swedens-most-iconic-department-storeWed, 05 Jun 2019 08:00:00 +0200
10791<![CDATA[Thanks to Wirecard, Höflinger Müller is Germany’s first bakery chain to launch own mobile payment app]]>
  • Bakery Höflinger Müller launches Mobile Payment App from Wirecard, an offensive to establish cashless payment in its 150 branches
  • The bakery business in Germany records annual sales of more than 15 billion euros

Wirecard, the global innovation leader for digital financial technology, enables Höflinger Müller bakery chain to offer its customers payment and pre-order options via smartphone. Since May 2019, initially 90 branches of the chain represented in the greater Munich area have been connected to the solution. Customers can use it to pre-order baked goods and pay for their purchases in an uncomplicated cashless manner. In the long term, Höflinger Müller will use Wirecard to convert all sales outlets to new digital payment formats.

There has been a lot of growth in the German mobile payment market in recent months and years. Innovative payment methods such as real-time transfers, contactless payment options and mobile payment methods are increasingly being offered. As of January 2019, one in four (26 percent of respondents) is already using mobile payment methods, according to a recent study by the strategy consultancy Oliver Wyman.

The Höflinger Müller app, which is designed for maximum user convenience, leads to the nearest branch and enables pre-selection from the extensive product range with or without registration. Instead of searching for small change in the physical wallet, the app user just pays via a deposited credit card, via Google Pay or Apple Pay. This offers the customer more convenience and saves bakeries comparatively high transaction costs for the provision of cash.

With Wirecard, Höflinger Müller is converting its backend system with 190 terminals to cashless payment with state-of-the-art technologies in the first phase of the project. This makes it possible for consumers to pay with methods such as Google Pay and Apple Pay even without using the Höflinger Müller App.

"We want to offer our customers not only high quality and enjoyment, but also a convenient shopping experience. Today, cashless payment plays a major role in this. With the help of Wirecard, we are now in a position to significantly increase the acceptance of these payment options," says Franz Höflinger, Managing Director of Höflinger Müller.

"Shopping at the bakery is a classic example that is repeatedly brought up in discussions about the acceptance of cashless payment. With the solution, which is based in the backend on the boon platform and is fully integrated into the IT applications of Höflinger Müller, we have now developed an approach in which cash is no longer needed and is replaced by a fully digital system. With solutions like these, we are driving forward the digitization of the food retail industry,” added Alexander Hahn, Vice President POS Retail Solutions at Wirecard.

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https://www.wirecard.com/company/press-releases/thanks-to-wirecard-höflinger-müller-is-germanys-first-bakery-chain-to-launch-own-mobile-payment-appMon, 03 Jun 2019 08:00:00 +0200
10692<![CDATA[Wirecard and XBN announce global strategic partnership for international e-commerce]]>
  • XBN is a leading e-commerce platform offering comprehensive cross-border trade services in China, covering 45 countries and regions
  • XBN will leverage its Global Sales and Trade Operating System, its sourcing and logistics capabilities to offer trade and financial services jointly with Wirecard
  • Wirecard will provide global digital payment acceptance services
  • Wirecard will leverage its SmartShop Network in India to further support XBN’s expansion

Wirecard, the global innovation leader in digital financial technology, and XBN, one of the fastest growing e-commerce platforms in China for placing consumer goods made in China on global e-commerce sites, have entered into a partnership to enable digital payments outside of China.

XBN is on a rapid global expansion with a trading volume of more than $6 billion in 2018, and covering 45 countries and regional markets. Both businesses and individual consumers can buy goods directly from global partners of XBN, which are directly sourced from high-quality Chinese manufacturers. Wirecard will provide global digital payment acceptance services to XBN, but will also support XBN’s expansion in India with its nationwide SmartShop agent retail network.

With its strong information technologies and big data capabilities incorporated into its Global Sales and Trading Operating Platform, XBN has helped thousands of Chinese suppliers reinvent their global trading businesses. With XBN, suppliers are able to trade globally, transparently, with the best customer exposure, pricing, stocking and logistics options, all in an integrated IT platform. All of these have helped XBN’s suppliers grow their businesses and attract significantly more customers globally. With Wirecard’s global approach, XBN will be able to offer a wider range of financial services to its suppliers and XBN is set to benefit customers in India and globally with the best products in design, materials, innovations, and at the best price.

“The cooperation with Wirecard enables us to combine our strong global e-commerce capabilities and our premium supplier alliances with the world’s most popular digital payment and financial service provider. This gives us unlimited potential for growth. I’m very excited about the opportunities to explore new business and market potentials with Wirecard in both emerging and developed markets,” said Xu Danxia, Chairman of the Board of XBN.

“There is tremendous potential in partnering with XBN and bringing our global digital payment acceptance solutions to a leading global, rapidly growing e-commerce platform,” added Georg von Waldenfels, EVP Group Business Development at Wirecard. “The opportunity, besides leveraging all of our traditional global payment products, is also to expand throughout India and leverage our SmartShop agent network for XBN by bringing digital e-commerce services to consumers in the rural parts of the Indian subcontinent.”

On May 30th, Wirecard and XBN will hold a signing ceremony of the cooperation agreement witnessed by government representatives from China during the 2019 China E-Commerce Convention, which is part of CIFTIS 2019 (China International Fair for Trade of Service).

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https://www.wirecard.com/company/press-releases/wirecard-and-xbn-announce-global-strategic-partnership-for-international-e-commerceThu, 30 May 2019 08:00:00 +0200
10508<![CDATA[Wirecard expands its offering with Unified Commerce solution for small and medium-sized merchants]]>
  • SUPR by Wirecard is aimed at merchants who want to offer their goods in e-commerce and social media channels and thus rely on Unified Commerce
  • Every month, 800 new customers choose the solution

Wirecard, the global innovation leader for digital financial technology, supports small and medium-sized merchants throughout Europe in their digital transformation by providing an expanded version of its SUPR online shop system. The system enables every retailer to set up and operate a web shop inexpensively and without the need for programming know-how. With just a few clicks, users can create an attractive shopping environment for their physical and digital products. With a wealth of design templates and hundreds of customization options, even complex e-commerce offerings can be effortlessly implemented.

”Every retailer needs to digitize its business model in order to deliver the best possible customer experience. With the current version of SUPR by Wirecard, we are setting new standards for retailers seeking Unified Commerce. Our simple, attractive and professional solution removes all technical hurdles for retailers, enabling them to operate an online shop where they can fully focus on selling their products and services. Functions and design are tailored to the exact needs of merchants,” said Philipp Walter, Vice President of SUPR by Wirecard.

SUPR by Wirecard is aimed primarily at merchants who are strongly positioned in social commerce and successfully sell their products via a mix of modern online channels that are integrated into social media platforms and the shop solution designed by Wirecard.

The shop system, which was launched in 2012 and currently has around 60,000 registered merchants, is regularly growing with over 800 new online shop sign ups per month. As a result, the range of services offered by SUPR users is widening and becoming more diverse every day. SUPR customers include, for example, Schneider Weisse brewery, the leading manufacturer for sweet mustard Händlmaier, and the fashion shop Lucky Me. Retailers who use SUPR report sales increases of up to 77% since the roll-out of their online shop.

Klaus Lorenz, owner of the online shop of Händlmaier, the world’s leading sweet mustard manufacturer that has been successfully selling its products via SUPR since 2016, said, “As a long-standing customer, we have already been able to test the beta version of the new shop extensively over the past few months and are very enthusiastic about it. The improved functions and the new management options allow us to operate our online shop with more expertise. This has additionally been confirmed by the positive feedback we already received from our customers.”

SUPR, which was acquired by Wirecard in 2016, is supported by its own development team. The announced update has many advantages not only in terms of speed, security, design and functionality. Payment processing, too, is even more seamlessly integrated into the offering of the Wirecard platform. This makes convenient and secure payment by credit card, PayPal, SEPA, pre-payment, SOFORT by Klarna and purchase on account possible.

The SUPR shop system can be tested free of charge for 30 days. For more information, visit https://uk.supr.com/

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https://www.wirecard.com/company/press-releases/wirecard-expands-its-offering-with-unified-commerce-solution-for-small-and-medium-sized-merchantsTue, 28 May 2019 08:00:00 +0200
10320<![CDATA[Wirecard expands digital payment services within Nordic retail market with multiple new customers]]>
  • Wirecard provides a comprehensive digital financial technology platform for retailers, enabling unified commerce and an enhanced customer experience

Wirecard, the global innovation leader for digital financial technology, has announced the expansion of its digital payment services within the Nordic retail market. Thanks to Wirecard, major retailers in the region – including Nymans Ur, Royal Design, Svenssons i Lammhult, Rizzo and Accent – have recently integrated the acceptance of Chinese payment methods at the Point-of-Sale, further strengthening Wirecard’s position as a leader in global digital payments for the retail industry.

The significant customer wins come at a time of increasing inbound tourism from China to the Nordic region: according to travel service provider Ctrip – which has been working with Wirecard since the beginning of 2019 – the number of visitors from China to Nordic countries in 2018 increased by 82 percent compared to the previous year. Accepting Chinese mobile payment apps is a wise choice for retailers seeking to attract this affluent target group, as doing so can increase sales for merchants. A 2019 Nielsen study found that 93% of Chinese tourists would probably spend more in a store that accepted mobile payment.

Fredrik Neumann, VP Sales Retail at Wirecard commented, “The retail industry is leading the way when it comes to enhancing the customer journey. Payment will always be a part of retail, but Wirecard’s solutions extend far beyond that. Offering shoppers a smooth and efficient journey, from the moment they enter the shop, be it in-store or online or even both, to the moment they check out and receive their purchases, is at the core of our retail solutions. We are excited to be expanding our solutions across the Nordic market and look forward to onboarding even more merchants.”

Integration of Chinese payment methods is only a part of Wirecard’s digital financial commerce service offering. By leveraging the full scope of the Wirecard platform, retailers can give their customers a seamless, unified purchasing experience across all sales channels and touchpoints. Wirecard enables merchants to meet current and future customer expectations, meaning they can accept and process payments regardless of where the customer is located, how they choose to pay, and where they prefer to receive or collect their purchases, supplemented with value-added services such as loyalty programs and analytics.

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https://www.wirecard.com/company/press-releases/wirecard-expands-digital-payment-services-within-nordic-retail-market-with-multiple-new-customersFri, 24 May 2019 08:00:00 +0200
10102<![CDATA[Wirecard further digitizes payment processes for Indian citizens together with government-owned company UTI Infrastructure Technology and Services Limited]]>
  • So-called PAN cards are essential for all citizens in India to carry out most financial transactions and also as proof of identity

Wirecard, the global innovation leader for digital financial technology, has partnered with India’s government-owned company UTI Infrastructure Technology and Services Limited (UTIITSL), to facilitate the issuing of physical and digital taxpayer identification cards, also known as PAN (Permanent Account Number) cards. For this, Wirecard’s retail agents in India collect documents needed for PAN cards, digitize and forward them to UTIITSL who issues the cards and sends them directly to the customer.

Wirecard provides hundreds of thousands of people daily with access to affordable financial services and other related services such as ticketing, mobile top-up, insurance or logistics through its nation-wide retail agent network and offers tens of thousands of retailers the opportunity to earn extra money by driving financial inclusion in India.

Anil Kapur, Managing Director India at Wirecard, said, “As the partner of choice for one of India’s leading government-owned financial service providers, we are delighted to be part of the project to bring PAN cards to more people. Through this cooperation, we have proven Wirecard’s power in global technology services and our ability to create solutions for a wide range of consumers and industries to create a better tomorrow for all.”

Every citizen in India requires a PAN card. The card is required to carry out most financial transactions, ranging from opening a bank account to transferring money, but can also serve as proof of identity. UTI Infrastructure Technology and Services Limited already has a network of 62 branches across India and, through the collaboration with Wirecard, nearly 350 cities will be served by approximately 15,000 Wirecard agents which are authorized to collate and forward citizens’ documents for PAN cards.

As one of the two service providers authorized to issue PAN cards in both digital (ePAN) and physical formats, UTI Infrastructure Technology and Services Limited provides technology services to the financial and government sectors of India. With the PAN card, tax entities and individuals alike can keep track of tax payments and declarations, since all information is stored in a centralized database and all financial transactions can be identified. In addition, PAN cards are an effective measure against tax evasion in India.

Watch this video
to find out more about PAN cards in India.

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https://www.wirecard.com/company/press-releases/wirecard-digitalisiert-zahlungsprozesse-für-alle-indischen-bürger-zusammen-mit-dem-staatsunternehmen-uti-infrastructure-technology-and-servicesWed, 22 May 2019 08:00:00 +0200
9877<![CDATA[Wirecard provides international payment services for BluTV, Turkey’s leading subscription video-on-demand service]]>
  • BluTV is the world’s number one streaming platform for Turkish content
  • BluTV has more than four million subscribers

Wirecard, the global innovation leader for digital financial technology, now supports BluTV, Turkey’s leading streaming subscription service with over four million subscribers, in its global expansion. BluTV is a Turkish digital streaming platform and offers Turkish content on a worldwide scale. As part of the internationalization of the streaming service, Wirecard is providing BluTV with digital payment solutions across Europe.

The streaming services industry is growing rapidly worldwide. A global study carried out by the Motion Picture Association of America revealed that in 2018, the number of subscriptions to streaming services increased to 613.3 million, a 27% increase in comparison to the previous year. In fact, subscriptions to streaming services surpassed cable subscriptions in 2018.

“As the first Turkish digital platform to go truly global, it is essential that we have an experienced partner by our side,” said Alptug Copuroglu, Head of International at BluTV. “Wirecard’s long-standing experience in digital payments is instrumental in enabling us to grow our streaming subscription services beyond Turkey. We look forward to continue bringing our broad content offering to millions of viewers around the world.”

Boris Bongartz, Head of Sales Digital Goods at Wirecard, added, “Streaming subscription services are growing at an incredibly fast pace. Our digital payment services will allow BluTV users to have a smooth and enjoyable customer experience, and focus on their main objective: enjoying great TV content, no matter where in the world they are.”

Turkey is amongst the top three exporters of TV series in the world. BluTV is available globally, and offers a broad content offering including record-breaking Turkish series, BluTV original series, and mainstream TV series from around the world. Reaching Turkish and Arabic communities, among others, around the world, BluTV hosts the largest online catalogue of Turkish TV series. In addition to the European expansion, BluTV is focusing on further strengthening its position in the MENA and Latin American markets.

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https://www.wirecard.com/company/press-releases/wirecard-provides-international-payment-services-for-blu-tv-turkeys-leading-subscription-video-on-demand-serviceMon, 20 May 2019 08:00:00 +0200
9639<![CDATA[Wirecard extends collaboration with one of Paris’ largest department stores Printemps by boosting WeChat Pay acceptance]]>
  • The wider WeChat Pay integration is part of larger campaign: sponsored ads, special discounts, and in-app promotions to be offered to Chinese WeChat users

Wirecard, the global innovation leader in digital financial technology, and Printemps, leading French department store, expand their collaboration regarding WeChat Pay acceptance in-store. The Wirecard WeChat Pay solution has been implemented at multiple Printemps locations throughout France. At the fashion, beauty and luxury retailer’s flagship store on Boulevard Haussmann in central Paris, a dedicated WeChat Pay campaign has now been launched for the current Chinese peak travel period around the Chinese May holidays.

“We are proud to give Chinese tourists yet another reason to visit Printemps Haussmann, a Parisian icon. Upon entering the store and until checkout, they will enjoy a luxurious and modern shopping experience at one of Paris’ biggest department stores,” commented Laurent Schenten, International Division Director and Customer & Services Director at Printemps. “Wirecard’s expertise in the area of digital payments, especially when it comes to Chinese payment methods, has been instrumental in launching the campaign, and we look forward to welcoming even more visitors to our flagship store.”

The total transaction volume spent using Chinese payment methods and processed via the Wirecard platform has more than doubled in the last year. In department stores, Chinese guests averagely spend around 810 Euro per purchase. The highest single purchase with Chinese payment methods and processed by Wirecard was over 40,000 Euro. Printemps has also seen a very significant digit increase in its total transaction volume with Chinese visitors since the introduction of Chinese payment methods in late 2016.

The latest campaign, which is a joint initiative by Printemps, WeChat Pay and Wirecard offers the Chinese travelers an optimal shopping experience at the flagship store. A dedicated pop-up campaign area has been set up and furthermore the campaign and Printemps are promoted in the WeChat app in the form of sponsored ads, special discounts, and in-app offers. WeChat boasts over one billion users.

In addition to being able to pay with a preferred payment method, which is fast and convenient and offers discounts and optimal exchange rates, quality and price are key factors that influence Chinese tourists’ shopping decisions. The collaboration will offer all these benefits to Chinese tourists shopping at Printemps Haussmann during the campaign running until 31 May 2019, which coincides with China’s peak international travel season.

“With this exciting campaign with Printemps we have demonstrated that our Chinese mobile payment solutions do not only offer retailers more payment acceptance options, but also targeted marketing and advertising opportunities – all via one platform ,” added Christian Reindl, EVP Retail & Consumer Goods at Wirecard. “We are excited to launch this campaign with Printemps and show our innovative power in global digital payments, with one of France’s most iconic retailers.”

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https://www.wirecard.com/company/press-releases/wirecard-extends-collaboration-with-one-of-paris-largest-department-stores-printemps-by-boosting-wechat-pay-acceptanceThu, 16 May 2019 08:00:00 +0200
9379<![CDATA[Wirecard processes e-commerce payments for Apollo, promoting unified commerce for one of Germany’s leading optical retailers]]>
  • Wirecard handles all payments in the Apollo online shop
  • The direct connection to the Apollo shop system guarantees seamless integration and a reliable, flexible delivery of goods

Wirecard, the global innovation leader for digital financial technology, has assumed responsibility for the entire payment processing in the e-commerce shop of Apollo, one of the largest optical retailers in Germany. Wirecard ensures smooth payment transactions for Apollo in the background and enables customers to conveniently and flexibly order and pay for their spectacle frames, contact lenses and other products online, and have them delivered either to their home or to the Apollo branch of their choice. Wirecard is thus driving the digitalization of the optics industry and supporting Apollo in expanding its unified commerce business.

With annual sales of 63 billion euros in 2018 and having grown by nearly 10 percent over the previous year, the e-commerce market in Germany is of great importance for brands such as Apollo. The Wirecard solution integrates seamlessly into the existing web shop and supports all payment methods offered by Apollo. In addition to processing payments in accordance with the requirements of PCI Security Standards, all transactions undergo comprehensive AI-based risk management checks such as fraud detection and 3D Secure.

“We not only help Apollo to develop its online business, but also to reach its customers across all touchpoints,” said Christian Reindl, EVP Retail & Consumer Goods at Wirecard. “We want to enable an optimal online experience. This includes the online ordering and payment process, as well as delivery to the customer’s selected location. Wirecard is Apollo’s digital financial technology partner. We understand the demands of unified commerce and help to optimize processes. With our customized solution, we ensure a smooth and efficient payment process and offer the kind of checkout that customers expect from a modern online shop.”

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https://www.wirecard.com/company/press-releases/wirecard-handles-e-commerce-payments-for-apollo-promoting-unified-commerce-for-leading-german-opticianMon, 13 May 2019 08:00:00 +0200
9111<![CDATA[Wirecard brings boon with Apple Pay to Austria]]>
  • Offering an easy, secure and private way to pay

Wirecard, the global innovation leader in digital financial technology, today brings Austrian customers Apple Pay, which is transforming payments with an easy, secure and private way to pay, in its payment app boon. With Apple Pay on iPhone, Apple Watch, iPad and Mac, customers can make fast and convenient purchases in stores, in apps and on websites.

With the integration of Apple Pay, Wirecard is delivering on its strategy of consequently driving forward the digitization of payments. With the latest iOS boon app, now available in the Austrian App Store, users can top up their boon account using any Mastercard or Visa credit or debit card and via bank transfer.

Security and privacy is at the core of Apple Pay. When you use the boon card information with Apple Pay, the actual card numbers are not stored on the device, nor on Apple servers. Instead, a unique Device Account Number is assigned, encrypted and securely stored in the Secure Element on your device. Each transaction is authorized with a one-time unique dynamic security code.

Georg von Waldenfels, EVP Group Business Development at Wirecard, said, “We have already successfully launched boon with Apple Pay in a number of countries. Users have reacted very positively to the fast and convenient payment method. This is why we are particularly delighted to now offer boon via Apple Pay to Austrian consumers. With Apple, we are further advancing the digitization of payment processes.”

Apple Pay is easy to set up. With iPhone and Apple Watch, customers can pay with Apple Pay in stores, restaurants, taxis, vending machines and many more places. When shopping in apps or on the web in Safari with Apple Pay, there’s no need to manually fill out lengthy account forms or repeatedly type in shipping and billing information. Every Apple Pay purchase is authenticated with just a glance or a touch with Face ID or Touch ID, or a device's passcode.

For more information on Apple Pay, visit: https://www.apple.com/apple-pay/

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https://www.wirecard.com/company/press-releases/wirecard-brings-boon-with-apple-pay-to-austriaWed, 08 May 2019 09:00:00 +0200
9139<![CDATA[Quarterly statement Q1/2019: Wirecard AG continues its growth path]]>
  • Transaction volume in Q1/19 increased by 37.4 percent
  • Consolidated revenues + 34.8 percent
  • EBITDA + 40.7 percent
  • Earnings after tax increased by 50.0 percent
  • Free cash flow + 73.5 percent
  • EBITDA 2019 guidance raised

Wirecard continues its growth path. In the first quarter 2019 consolidated revenues for the Group increased by 34.8 percent to EUR 566.7 million (Q1/2018: EUR 420.5 million). Transaction volumes processed through the Wirecard platform grew in the first quarter 2019 by 37.4 percent to EUR 36.7 billion (Q1/2018: EUR 26.7 billion).

Earnings before interest, tax, depreciation and amortization (EBITDA) increased by 40.7 percent to EUR 158.0 million (Q1/2018: EUR 112.3 million). In the reporting period, earnings after tax increased by 50.0 percent to EUR 106.3 million (Q1/2018: EUR 70.8 million). Earnings per share amounted to EUR 0.86 (Q1/2018: EUR 0.57).

The cash flow from operating activities (adjusted) amounted to EUR 143.4 million (Q1/2018: EUR 87.4 million). Free cash flow increased to EUR 124.6 million (Q1/2018: EUR 71.8 million).

Dr. Markus Braun, CEO, Wirecard AG says, “The convergence of digital payment with innovative value-added services in the field of financial services and data-driven services on one platform will drive the formation of one of the world’s largest growth markets.”

The Management Board of Wirecard AG raised its forecast for the fiscal year 2019 of an EBITDA of between EUR 760 million and EUR 810 million (before: EUR 740 million and EUR 800 million).

The quarterly statement as of 31 March 2019 is available on the company's website at: ir.wirecard.com/financialreports

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https://www.wirecard.com/company/press-releases/quarterly-statement-q1-2019-wirecard-ag-continues-its-growth-pathWed, 08 May 2019 08:00:00 +0200
8924<![CDATA[Wirecard collaborates with Orange Money to launch innovative new digital payment and banking service in Eastern Europe]]>

Wirecard, the global innovation leader for digital financial technology, is expanding its collaboration with Orange in the field of digital payment and banking. Together with Orange Money in Romania, Wirecard is now offering an innovative financial commerce solution that allows contactless payments with physical and virtual Orange Money debit cards, smartphones, as well as Fitbit and Garmin smartwatches.

Using the Orange Money app, Romanian users can now make P2P (Peer-to-peer) instant transfers via mobile phone numbers, transfer money using their individually assigned IBAN code, pay utility bills or recharge their Orange Prepay accounts. Customers can also perform internet purchases using their virtual card in the app, manage card limits, reset the card PIN as well as lock and unlock the card instantly.

“The partnership with Wirecard is an integral part of the digital financial solution Orange Money offers on the Romanian market and an additional guarantee of the quality of service that our customers are accustomed to and expect from us,” said Haris Hanif, CEO of Orange Money Romania.

Utku Ogrendil, Managing Director Romania at Wirecard, said, “Wirecard's mission is focused on providing cutting-edge digital financial solutions, and the partnership with Orange is a significant part of our vision to create a cashless future. We are delighted to further partner on the innovative Orange Money service – a solution that offers many benefits to Romanian customers and also a new perspective on the payment market in Romania.”

Wirecard provides a vast range of services within the partnership. These include transaction processing and settlement, card issuing and personalization, authorization – including 3Dsecure, card management, tokenization as a VISA certified NFC solution as well as all call center services.

Befitting all types of users, the digital payments are based on Orange Money Visa debit cards that are available either through the:

  • Orange Money app, available for iOS & Android smartphones
  • Orange Pay app, available on Android smartphones for NFC mobile payments
  • Fitbit and Garmin apps, available on iOS & Android for NFC payments with smartwatches.

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https://www.wirecard.com/company/press-releases/wirecard-collaborates-with-orange-money-to-launch-innovative-new-digital-payment-and-banking-service-in-eastern-europeMon, 06 May 2019 08:00:00 +0200
8615<![CDATA[Wirecard wins high-fashion brand Karen Millen as a new customer for digital Alipay payments]]>
  • Karen Millen has over 400 stores and in-store shops in 63 countries
  • With over 1 billion users, Alipay is one of the world’s leading payment platforms

Wirecard, the global innovation leader for digital financial technology, enables Alipay payments for high-fashion brand Karen Millen at the POS and online shop. As a result of the cooperation, Karen Millen stores in Europe can now accept China’s leading mobile payment solution. The fully digital solution is smoothly integrated into the retailer’s existing payment infrastructure via the Wirecard ePOS App, which can be used via any mobile device operating Android or iOS. Online shoppers will benefit from the cooperation too, as they will also be able to pay with Alipay.

Karen Millen has over 400 stores and shop-in-shop stores in 63 countries on six continents. The brand has made a name for itself globally with strong international sales and is present in the most prestigious fashion cities, including London, Paris, Madrid, New York, L. A. and Hong Kong.

Vanda Astfäller, Head of Sales Consumer Goods at Wirecard, said, “Alipay is not just a payment method – it’s a digital platform for retailers to reach out to Chinese visitors. We are pleased to be collaborating with Karen Millen to enable Chinese travelers in Europe to use their preferred payment method, providing a seamless purchasing process for both the retailer and the customer, and look forward to developing our cooperation.”

With over 1 billion users, Alipay is one of the world’s leading mobile payment platforms. Retailers who integrate Alipay payments into their POS are capitalizing on the opportunity to market to one of the world’s most affluent target groups. In fact, a 2019 report by Nielsen found that 93% of Chinese tourists would be more willing to spend more while travelling if a larger number of merchants accepted mobile payments. The solution is especially attractive for retailers: shopping remains the consumption category Chinese tourists spend the most on while travelling, comprising 25% of on-location spending.

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https://www.wirecard.com/company/press-releases/wirecard-wins-high-fashion-brand-karen-millen-as-a-new-customer-for-digital-alipay-paymentsThu, 02 May 2019 08:00:00 +0200
8578<![CDATA[boon launches with Google Pay in Switzerland]]>
  • In addition to Switzerland, boon now also supports Google Pay in Slovakia

Wirecard, the global innovation leader in digital financial technology, is enabling Android users in Switzerland to benefit from the launch of Google Pay with boon. The mobile payment solution is now available for download in the Swiss Google Play Store. In Slovakia, boon users can now also pay with Google Pay.

Google Pay is a mobile and secure payment method for contactless payment in-store, in apps and for online shopping. By adding the digital boon Mastercard to Google Pay, customers can now pay quickly and easily with any NFC-enabled Android device. In stores that accept Google Pay as a payment method, it is sufficient to hold the mobile device to the POS terminal without having to open the boon app.

Florence Diss, Head of EMEA Commerce Partnerships at Google, said: “As of today, customers in Switzerland can use Google Pay to pay securely, quickly and easily both nationally and internationally. We are delighted that Wirecard with boon is once again on board when we launch in another new country. Together, we are driving forward the digitalization of payments.”

Georg von Waldenfels, Executive Vice President, Group Business Development at Wirecard, added: “With innovative payment solutions, we want to help as many consumers as possible to shop quickly and conveniently at any time, without cash. The additional expansion of our offering in Switzerland and Slovakia shows that we are on the right track. With the help of boon, contactless payment will continue to establish itself throughout Europe.”

boon is the fastest growing mobile payment solution in Europe and the industry’s first fully digital mobile payment solution that can be used independently of banks and telecommunications providers. The app is already available for Google Pay in France, Germany, Ireland, Italy, Spain and the UK.

Further details can be found at http://www.beboon.com/.

To download boon, please click here.

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https://www.wirecard.com/company/press-releases/boon-launches-with-google-pay-in-switzerlandTue, 30 Apr 2019 12:00:00 +0200
8564<![CDATA[Wirecard enables digital unified commerce for leading German delicatessen Käfer]]>
  • Wirecard manages all digital POS and online transactions for Käfer – from the stores to the home service and the online shop

Wirecard, the global innovation leader for digital financial technology, has equipped Käfer AG with modern, digital unified commerce solutions. In addition to the acceptance of digital payment methods – including Apple Pay and Google Pay – at the point of sale throughout Germany, Wirecard’s scope also includes e-commerce, enabling payment acceptance in the Käfer Online Shop.

All touchpoints and business units of Käfer AG thus benefit from a holistic solution, which significantly simplifies backend administration and accounting. By connecting to the Wirecard Financial Commerce Platform, Käfer AG can easily add new locations and services at any time.

Käfer AG is a company in the fields of gastronomy, catering, licenses and retail. The company employs over 1,400 people and generated total revenues of 145 million euros in 2018. The gastronomy and catering industry in Germany has annual revenues of 56 billion euros. While just under 50% of all transactions in this sector in Europe are contactless, in Germany the percentage lies by 20%.

“Our customers have high expectations of our service. This includes a smooth payment process and a cross-channel shopping experience. We enjoy working with Wirecard with its many years of experience in the field of digitization because the company helps long-established businesses like Käfer to modernize processes and to prepare for the future,” said Dr Stephan Thewalt, Member of the Board at Käfer AG.

“The Käfer brand stands for creativity and innovation – combined with the highest product and service quality. This is also the case with Wirecard. Our solutions for digital payment transactions fit so well with Käfer because they enable the company to not only meet the requirements of customers now and in the future, but also to grow its own business with state-of-the-art technology. We are delighted to accompany Käfer on its digitalization journey,” said Christian Reindl, EVP Sales Consumer Goods at Wirecard.

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https://www.wirecard.com/company/press-releases/wirecard-enables-digital-unified-commerce-for-leading-german-delicatessen-käferTue, 30 Apr 2019 08:00:00 +0200
7731<![CDATA[Annual results Wirecard AG: Next stage of growth]]>
  • Consolidated revenues 2018 increased by 35.4 percent
  • Transaction volume 2018 increased by 37.3 percent
  • 36.6 percent increase in EBITDA
  • Free cash flow + 50.0 percent
  • Earnings after taxes + 35.7 percent
  • Proposed dividend of EUR 0.20 per share

Wirecard has entered the next stage of its growth path. In 2018, Group revenues increased by 35.4 percent to EUR 2.02 billion (PY: EUR 1.49 billion). The transaction volume processed through the Wirecard platform grew by 37.3 percent to EUR 124.9 billion (PY: EUR 91.0 billion).

Operating earnings before interest, tax, depreciation and amortization (EBITDA) increased in 2018 compared to the previous year by 36.6 percent to EUR 560.5 million (PY: EUR 410.3 million). In the 2018 fiscal year, the EBITDA margin increased to 27.8 percent (PY: 27.6 percent). The cash flow from operating activities (adjusted) amounted to EUR 500.1 million (PY: EUR 375.7 million). The free cash flow from operating activities (adjusted) increased by 50.0 percent to EUR 423.9 million (PY: EUR 282.6 million). Earnings after tax increased by 35.7 percent to EUR 347.4 million (PY: EUR 256.1 million), which corresponds to earnings per share of EUR 2.81 (PY: EUR 2.07).

Markus Braun, CEO of Wirecard: “Over the last decade, Wirecard has successfully expanded its businesses into relevant markets across the globe. The company has significantly increased shareholder value over the years. With its high level of technology and its global presence, Wirecard has entered the next stage of its growth path.”

Using the diverse range of services within the payment ecosystem and the combination of software technology and banking products, the area of payment acceptance and processing will be further expanded and will be also increasingly linked with product innovations in the issuing area.

In this context, enhanced mobile payment functions and innovations to digitalize bricks and mortar trade are particularly noteworthy. New developments will be exploited through new business areas in mobile services, data analytics/AI, financial services, couponing and loyalty. The development of new products and solutions, some in cooperation with partners, is being driven forward constantly. Innovative strength, a competitive range of products and services and the ability to quickly implement industry and customer specific requirements remain the basis for organic growth.

Wirecard’s Management Board has confirmed the EBITDA forecast for the 2019 fiscal year of between EUR 740 million and EUR 800 million.

The Management Board will propose to this year's Annual General Meeting that a dividend of EUR 0.20 per share (PY: EUR 0.18) is paid to shareholders.

The 2018 Annual Report is available on the company's website at: ir.wirecard.com/financialreports

Photos: wirecard.com/newsroom/imagefinder/

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https://www.wirecard.com/company/press-releases/annual-results-wirecard-ag-next-stage-of-growthThu, 25 Apr 2019 08:00:00 +0200
7733<![CDATA[Wirecard and SoftBank intend to form large-scale strategic partnership for digital payments]]>
  • Companies to partner to unlock collaboration opportunities in digital payments, data-analytics/AI and innovative digital financial services within SoftBank’s ecosystem of portfolio companies
  • SoftBank to support Wirecard’s launch into the Japanese and South Korean markets

Today Wirecard AG (Wirecard) and SoftBank Group Corp., Japan, have signed a binding term sheet under which an affiliate of SoftBank (SoftBank) shall invest approximately EUR 900 million in Wirecard via a convertible bond mechanism.

For this purpose, Wirecard shall issue convertible bonds with a term of five years exclusively to SoftBank, convertible to 6,923,076 ordinary Wirecard shares (currently corresponding to approximately 5.6% of common stock) at EUR 130 per Wirecard share. The intended issuance of convertible bonds, under exclusion of subscription rights, is subject to the approval of Wirecard’s Annual Shareholders meeting to be held on 18 June 2019.

In connection with the investment, the parties have also signed a memorandum of understanding (MoU) on a strategic partnership for digital payment solutions. Under the MoU, SoftBank Group will seek to support Wirecard’s geographic expansion into Japan and South Korea, as well as providing collaboration opportunities within SoftBank Group’s global portfolio in digital payments, data-analytics/AI and other innovative digital financial services.

It is anticipated that the partnership will also extend to joint exploration of new product and service offers in digital lending in order to leverage from high quality customer portfolios, strong liquidity and other innovative financing solutions.

Markus Braun, CEO at Wirecard, commented, “As global innovators, we focus heavily on expanding our networks and creating opportunities for companies with groundbreaking ideas. In SoftBank we have found a partner that shares both our passion for new technologies and drive to spearhead the latest innovations, all on a global scale. In addition, through this potential partnership, we will expand our reach and products to the East Asian markets, thereby further strengthening our position in Asia.”

Credit Suisse is serving as financial adviser to SoftBank and Sullivan & Cromwell LLP as legal adviser. Noerr LLP and Gibson, Dunn & Crutcher LLP are serving as legal advisers to Wirecard.

*Intended issuance is subject to the approval of Wirecard’s Annual Shareholder meeting

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https://www.wirecard.com/company/press-releases/wirecard-and-soft-bank-intend-to-form-large-scale-strategic-partnership-for-digital-paymentsWed, 24 Apr 2019 08:00:00 +0200
7735<![CDATA[Wirecard expands partnership with India’s RBL Bank to drive financial inclusion]]>

The new services are powered by India’s Aadhaar Enabled Payment Services (AEPS) to enable customer identification at the point-of-sale

Wirecard, the global innovation leader in digital financial technology, announced today an expanded partnership with RBL Bank to promote financial inclusion in India. This partnership will make digital payment and banking transactions more readily accessible to all Indian citizens, including those living in remote areas.

In partnership with RBL, Wirecard will empower its retail agents, who serve as customer service representatives in various areas across the country, to enable the financially underserved to access basic payment and banking services. These include cash withdrawals and deposits as well as balance enquiries. Currently, there are nearly 5,000 agents enrolled in the program. Consumers will only need their local Aadhaar identification number – a biometric database that provides a unique identity to each Indian citizen and can be linked to a bank account – to access those services through Wirecard’s retail agents. The service is available to all Indian citizens with an Aadhaar number linked to a bank account. Today, around 90% of India’s population has an Aadhaar number, and 80% of adults have bank accounts.

Wirecard provides hundreds of thousands of people daily with access to affordable financial services and other related services such as ticketing, mobile top-up, insurance or logistics through its nation-wide retail agent network and offers tens of thousands of retailers the opportunity to earn extra money by driving financial inclusion in India. With the extended partnership with RBL Bank, Wirecard’s retail agents can now offer an even broader range of digital financial services.

“Our extended partnership with RBL Bank will help bring even more essential transaction services to both urban and rural residents India-wide, regardless of their bank. As a leading digital financial services provider, we are excited to support this innovative solution,” said Anil Kapur, Managing Director India at Wirecard. “Together with RBL Bank, we are addressing the needs of consumers who demand quick and secure financial services, no matter where they are located.”

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https://www.wirecard.com/company/press-releases/wirecard-expands-partnership-with-indias-rbl-bank-to-drive-financial-inclusionTue, 23 Apr 2019 08:00:00 +0200
7737<![CDATA[Wirecard and Telegram Open Network infrastructure developer TON Labs enter partnership]]>

Telegram is a cloud-based multi-platform messaging application focused on security and performance with more than 200 million active users all over the worldTON is a multi-chain architecture introduced by Telegram instant messaging service developers

Wirecard, the global innovation leader in digital financial technology, and TON Labs, infrastructure and ecosystem developer for the Telegram Open Network (TON) decentralized platform, today announced their plans to develop a joint digital financial services, payments and banking platform.

TON Labs provides technology, expertise and experience in the development of scalable decentralized solutions. It also offers new generation technologies for payments, banking and other financial services as well as core blockchain infrastructure for projects to join, contribute and benefit from the Telegram Open Network platform and its vast user base.

The combination of Wirecard’s demonstrated extensive experience in developing new, innovative digital financial services for consumers and merchants worldwide over the past years and TON Labs’ cutting edge infrastructure solutions lays the foundation to nurture new joint products and services within TON’s and Telegram’s vast, globally growing ecosystem.

“We are excited to be partnering with TON Labs. Their immense experience in highly scalable technology and decentralized solutions as well as the strong global growth of Telegram messenger will be instrumental for the success of our joint program,” said Georg von Waldenfels, Executive Vice President, Group Business Development at Wirecard.

“The addition of TON Blockchain to Telegram’s growing ecosystem is opening new opportunities for business and technological innovation. We are excited to partner with one of the world's most dynamic and innovative financial technology companies to bring synergetic new generation fintech solutions to the market,” added Alexander Filatov, Managing Partner at TON Labs.

The new partners will announce the release of products into the market in stages and communicate more details around the availability of the services in due course.

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https://www.wirecard.com/company/press-releases/wirecard-and-telegram-open-network-infrastructure-developer-ton-labs-enter-partnershipWed, 17 Apr 2019 08:00:00 +0200
7739<![CDATA[Wirecard and O2 expand cooperation in the Czech Republic and Slovakia]]>

Wirecard and O2 are extending their joint mPOS project in the Czech Republic and expanding the scope to include SlovakiaPartnership allows even more merchants to take advantage of the strong digitalization trend in Central Eastern Europe and comply with new fiscal laws

Wirecard, the global innovation leader for digital financial technology, and O2 Czech Republic, the largest integrated telecommunications provider in the Czech market, are expanding their partnership. Even more merchants will now benefit from completely integrated mobile Point-of-Sale (mPOS) solutions and thus take advantage of the growing consumer demand for fully digitalized payment options.

In addition to extending the existing project in the Czech Republic, the two companies are expanding the offer to Slovakia and helping retailers in both countries comply with upcoming changes in fiscal laws. Wirecard provides the complete solution including acquiring, payment processing and compliance checks, with O2 assuming responsibility for the onboarding of the merchants.

The unified solution from Wirecard and O2 is a flexible alternative to fixed tills and comprises an online, tablet-based till system and an mPOS terminal. The hardware is fully integrated with Wirecard’s digital financial commerce platform, thus enabling the secure acceptance and processing of digital payments as well as the online completion of transactions in line with new legal requirements.

Bohumír Šaffek, Senior Manager eKasa at O2 Czech Republic, said, “Thanks to Wirecard, we have been able to provide many companies with O2 eKasa, a flexible, mobile solution for payment processing with which they can accept digital payments both on-site and on the road, while benefitting from improved efficiency and compliance. Together, we are proud to be at the forefront of digital transformation in the Czech Republic and Slovakia.”

Roland Toch, Managing Director CEE at Wirecard, said, “The collaboration with telecommunications companies is a key driver of our business in Central Eastern Europe. The expansion of our partnership with O2 is a testimony to the value we have brought to many thousands of merchants in the Czech Republic so far by allowing them to quickly and easily capitalize on the countless benefits digitalization has brought to large and small businesses alike.” Philippe Laranjeiro, Head of Sales, Digital & Telco, at Wirecard, added, “Wirecard and O2 share a common vision and passion for innovation and driving digitalization. We look forward to partnering with even more telecommunications providers to help merchants worldwide optimize their payment processes, reduce complexity and meet the ever-changing needs of consumers.”

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https://www.wirecard.com/company/press-releases/wirecard-and-o2-expand-cooperation-in-the-czech-republic-and-slovakiaTue, 16 Apr 2019 08:00:00 +0200
7741<![CDATA[Wirecard revolutionizes payment and banking for merchants]]>

Open online business account within five minutes including payment acceptance for merchantsInstant payout of accepted payments to merchant accountSupport of payment acceptance in e-commerce and stationary retailImmediate availability of credit via bank transfer or debit cardAdditional liquidity at any time via credit line linked to payment volume (“Merchant Cash Advance”)

The global innovation leader for digital financial technology today announced the Next Generation Wirecard Platform. With its revolutionary combination of comprehensive payment and banking services that are tailored precisely to the needs of merchants, Wirecard is setting new standards in the digitalization of payments.

In five minutes, merchants undergo a fully digital registration process and immediately have access to their Wirecard business account as well as payment acceptance on the Internet and in stationary retail.

In the future, merchants will be able to make immediate use of their sales revenues – any electronic payment made by a consumer, both on the Internet and in stationary stores, will be credited to the merchant’s business account in real-time. A linked bank account and debit card allow merchants to have their money at their disposal immediately and at any time.

Liquidity is the lifeblood of a company – if the available liquidity becomes scarce, all business-critical processes are quickly affected. New analytics functionalities within the Wirecard platform support merchants in liquidity planning and the analysis of expenditure and profits in their Wirecard account.

If merchants require additional liquidity at short notice, Wirecard's innovative “Merchant Cash Advance” solution, which is linked to the merchant's electronic payment volume, serves as an innovative and uncomplicated financing option for companies. Depending on the merchant's payment volume history and ongoing sales forecast calculated in real time, a credit line is always available to the merchant with one click. The credit is paid back as a percentage of each payment transaction processed by Wirecard and thus represents the lowest possible burden on the merchant's liquidity.

Susanne Steidl, Chief Product Officer at Wirecard, said, “The next generation of our financial commerce platform is an important milestone for us. The combination of payment acceptance and the issuing of account- and card-based products is revolutionary and offers enormous added value for merchants. The forthcoming launch demonstrates our leading role and pioneering spirit in order to create solutions that are unique in the marketplace.”

Further information can be found at: https://www.wirecard.com/next-gen/

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https://www.wirecard.com/company/press-releases/wirecard-revolutionizes-payment-and-banking-for-merchantsFri, 12 Apr 2019 08:00:00 +0200
7743<![CDATA[Wirecard and Al Ansari Exchange collaborate to launch enhanced multi-currency card solution]]>

The fully digital solution supports 16 currencies

Wirecard, the global innovation leader for digital financial technology, and Al Ansari Exchange, the leading UAE-based foreign exchange and worldwide money transfer company with over 185 branches and serving more than 2.5 million customers per month, are today announcing their collaboration. The companies have launched a newly upgraded multi-currency Visa Platinum card solution and accompanying mobile app.

The Al Ansari Exchange multi-currency Visa travel card is designed as the perfect companion for travelers as well as online shoppers. Payments can be made in 16 different currencies and exchange rates can be locked in before any trip, thus enabling consumers to enjoy traveling without worrying about carrying cash or fluctuating exchange rates.

“At Al Ansari Exchange, it is our desire to provide world-class products and services to our customers with maximum comfort and convenience, using the latest technology,” said Rashed Ali Al Ansari, General Manager, Al Ansari Exchange. “Wirecard shares this goal and this is why they are the ideal partner for us, helping us to deliver an innovative and enhanced multi-currency solution that meets the needs of our customers.”

“Just like Wirecard, Al Ansari Exchange uses innovation to redefine the customer experience. We are proud to work with Al Ansari Exchange to introduce the new multi-currency Visa Platinum travel card to the market,” said Nabila Nouinou, Regional Managing Director at Wirecard. “Travel cards are an excellent value-added service to help travel and tourism companies as well as financial institutions increase customer loyalty and distinguish themselves from the competition.”

The Al Ansari Exchange travel card allows its customers to withdraw local currency at over two million Visa ATMs worldwide, to make online purchases and to exchange foreign currencies within the currency card wallets. Customers can fully manage the card wallets via the mobile app, which includes security features allowing its customers to instantly lock the card if it is lost, stolen or simply unused, in addition to the convenience of checking the card balance and transaction history. The prepaid card can also be reloaded at any of Al Ansari Exchange’s extensive branch network across the UAE.

Wirecard’s unique advanced authorization algorithm allows customers to hold multiple wallets at any time, checking available funds against the requested currency, then automatically sweeping across all other card wallets to avoid unnecessary declines and double conversion to enhance its customer experience even further. Cardholders also benefit from multiple Visa Platinum features including a wide range of travel discounts and upgrades both locally and worldwide.

The mobile app is available for download on Android and iOS.

Wirecard is exhibiting at Seamless Middle East on April 10-11. Come and meet us at stand G40 to find out more about our innovative financial commerce platform and the latest multi-currency card solution.

For more information about multi-currency travel cards, please read our blog post.

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https://www.wirecard.com/company/press-releases/wirecard-and-al-ansari-exchange-collaborate-to-launch-enhanced-multi-currency-card-solutionWed, 10 Apr 2019 08:00:00 +0200
7745<![CDATA[Wirecard digitalizes payments for Elush, largest Apple Premium Reseller in Singapore]]>

Elush operates 18 physical stores across Singapore, along with an online shop

Wirecard, the global innovation leader in digital financial technology, announced today its collaboration with Elush Retail Group, Singapore’s largest Apple Premium Reseller to advance the company’s omnichannel sales strategy. Wirecard will provide digital payment services to the group, in both their physical shops and online stores, by way of its fully integrated digital financial commerce platform.

The Elush Retail Group operates 16 iStudio stores in key areas including Singapore Changi Airport and the luxurious Orchard Road, in addition to the online shop, www.istudiosg.com, and two EpiCentre storefronts, acquired in 2018. Wirecard will also provide the backbone for the EpiCentre online store when it launches, thus further empowering the group’s omnichannel efforts within its O2O (online-to-offline) strategy.

“We are excited to deliver a fully digital and straightforward checkout experience to our on- and offline customers,” said Oshyn Kay, Head of Marketing at Elush. “Elush Retail Group is dedicated to not only meeting our customers’ needs, but exceeding their expectations and offering an optimal shopping experience. We are happy to partner with Wirecard for digital financial commerce services, and look forward to advancing our cooperation as our business continues to expand.”

“At Wirecard, we are constantly seeking collaborations that deliver innovative solutions. We are thrilled to partner with Elush and provide our payment technology to support a digital customer journey that will benefit shoppers across the country,” added Judith Loh, Head of Relationship Management, APAC Sales at Wirecard. “The growth of digital payments in Singapore has brought significant advantages for consumers, who enjoy a seamless shopping experience, but also for retailers who see higher productivity. We look forward to continuing to bring these benefits to consumers and businesses across the globe.”

Digital payments are increasingly popular in Singapore. According to the Monetary Authority of Singapore, more than 8 in 10 Singaporean consumers use digital payments, and nearly 3 in 5 merchants in the island city-state accept them.

Elush’s business started in 2003 as a Nike-only concept store retailer and to date continues to expand its presence with iStudio and EpiCentre stores islandwide, providing a more convenient and accessible shopping experience downtown and in the respective heartlands by way of its omnichannel efforts, along with its other businesses.

In addition to digital payment services, Wirecard ensures a secure checkout experience for iStudio e-commerce customers. In-store iStudio shoppers also benefit from value-added services such as installment plans for large purchases and currency conversion for customers from abroad.

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https://www.wirecard.com/company/press-releases/wirecard-digitalizes-payments-for-elush-largest-apple-premium-reseller-in-singaporeMon, 08 Apr 2019 08:00:00 +0200
7747<![CDATA[Wirecard partners with Plug and Play, world’s largest innovation platform]]>

Wirecard will join Plug and Play community, which has raised over $7 billion in venture funding to date

Wirecard and Plug and Play join forces to further advance technology developments worldwide: the global innovation leader for digital financial technology and the world’s largest startup accelerator, which is also the leading innovation platform, are now partners. Plug and Play, based in Silicon Valley, brings together startups, investors and blue chip corporations, like Wirecard, to accelerate development and deliver ideas to market. The Plug and Play community has raised over seven billion dollars in venture funding to date, and has supported the launch of disruptive innovators including Dropbox and Lending Club.

“We are constantly bringing together world-changing players who share the same passion and drive for tech advancement and disruption as us. Our new partnership with Wirecard will serve to expand our already extensive network, and create opportunities for innovators of all sizes,” said Claudius Jablonka, Director of Plug and Play.

“Since our founding two decades ago, Wirecard has played an instrumental role in the mentoring and supporting of startups – not only in the area of digital payments, but within the whole scope of digital financial technology,” added Jörn Leogrande, EVP Wirecard Labs. “By partnering with Plug and Play, we will be able to support even more innovators who have an idea that, together with us, could change the world.”

As a Plug and Play partner, Wirecard will have an instrumental role in accelerating startups, building innovation strategies, and exploring new revenue models and product offerings. Along with MediaMarktSaturn, Plug and Play is a founding partner of the Munich-based Retailtech Hub, a digital innovation platform specialized in the area of commerce. Plug and Play’s wide-ranging network is not limited to Silicon Valley, but also includes international entrepreneurs and government relations worldwide.

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https://www.wirecard.com/company/press-releases/wirecard-partners-with-plug-and-play-worlds-largest-innovation-platformThu, 04 Apr 2019 13:00:00 +0200
7749<![CDATA[Wirecard joins Retailtech Hub, powered by MediaMarktSaturn and Plug and Play]]>

In the Retailtech Hub, new technologies and digital business models are tested and pilotedPartnership underlines Wirecard’s commitment to shaping the future of digital commerce

Wirecard, the global innovation leader for digital financial technology, today announced it is partnering with Retailtech Hub, a digital innovation platform powered by MediaMarktSaturn and the global startup ecosystem Plug and Play. Retailtech Hub brings together startups, retailers, major consumer brands, suppliers and investors with the aim of empowering the next generation of retail technology innovation. Amongst the retail partners are market leaders such as Lidl and s.Oliver.

Retailtech Hub was launched in 2017 and concentrates on identifying, piloting and bringing innovation to the world of commerce. Its mission is to facilitate an open experience exchange between corporate partners as well as manage a mentoring program concentrating on startup business development and expansion. The initiative focuses on all topics along the commerce and retail value chain.

The cooperation focuses on the digital transformation in global trade. Through partnerships and cooperations, Retailtech Hub ensures that retailers and their partners optimize their core strategies for the challenges of digital change. Payment and financial products as well as data analytics based on payment flows play a central role in this.

“One of our core goals at Wirecard is to encourage innovation and shape the future of financial commerce. The cooperation with MediaMarktSaturn and Plug and Play offers us exciting ways to establish new business models and further develop innovative technologies. The objective is to always provide momentum for growth in the global portfolio of the Wirecard platform,” said Jörn Leogrande, EVP Wirecard Labs.

“In a time where payment plays such an important role for the customer, we are delighted to welcome Wirecard as a new partner. Our aim is to change the world of commerce with the best startups and digital-driven corporations. As a global innovation leader for digital financial technology, Wirecard is a perfect fit and we look forward to their influence and guidance as we introduce them to exciting new companies and technologies,” added Thorsten Marquardt, Managing Director of the Retailtech Hub.

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https://www.wirecard.com/company/press-releases/wirecard-joins-retailtech-hub-powered-by-media-markt-saturn-and-plug-and-playThu, 04 Apr 2019 08:00:00 +0200
7751<![CDATA[Wirecard digitizes payment processes for Japan’s largest airline ANA]]>

Wirecard issues compensation cards for ANA passengers affected by flight delays or disruptions, eliminating the need for cash or physical vouchers

Wirecard, the global innovation leader in digital financial technology, has won ANA, a leading Asian airline and Japan’s largest carrier with 54 million passengers annually, as a new client for digitalized payment processes. The new cash-free solution will allow ANA passengers in selected European airports to receive quick and convenient compensation for delayed or disrupted flights. Wirecard is providing ANA with a branded, digital card solution that can be loaded with the applicable amounts and distributed to passengers.

ANA operates 80 international routes and 118 domestic routes, and has a fleet of 260 aircraft. Based in Tokyo Narita and Haneda airports, ANA currently serves 22 countries worldwide. In the fast-growing business of air travel, customer service is key. Through its digital passenger compensation cards, Wirecard uses its expertise in digital payments to address a crucial need of air travelers.

The initial offer will include select European airports serviced by ANA, which is a Star Alliance member and partner of renowned European airlines. ANA has benefitted from the recent yearly increase in the number of international flight passengers, and from a strong business demand originating in Japan. For the fiscal year 2017, ANA reported a 15.6% increase in international passenger service revenue, amounting to a difference of EUR +625 million from the previous year.

“Serving our customers is our top priority, and when it comes to air travel, disruptions are unavoidable,” said Masahiko Dan, SVP EMEA Marketing & Sales at ANA. “Therefore, we welcome this innovative solution by Wirecard which will allow us to compensate passengers in a quicker and more efficient way. In addition, passengers will benefit from the flexibility offered by the payout cards, which can be used at their discretion.”

“The solution aligns perfectly with our endeavor to create a cash-free and digitalized environment globally,” said Jörg Möller, EVP Sales Travel at Wirecard. “Thanks to our cutting-edge card management application we could smoothly configure the cards to meet ANA’s specific needs. We are thrilled to offer our customizable solution to ANA, a leading and modern airline, and look forward to furthering our partnership.”

The compensation cards are a convenient and innovative solution for both the airline and affected ANA passengers: the cards can be quickly loaded by airline staff, saving time and cutting administrative costs. Passengers, who in the past would have received cash or limited-use vouchers, will receive instead digital cards which can be used in ATMs, at the POS, and for online purchases.

The setup of the cards is powered by Wirecard’s innovative proprietary application, in which features of the cards are customized for each customer. For example, the merchant can request that its cards be accepted at particular POS, that transaction fees should or should not be applied and can determine which countries they can be used in. Wirecard configures the cards appropriately so that the customer receives an individual tailor-made solution.

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https://www.wirecard.com/company/press-releases/wirecard-digitizes-payment-processes-for-japans-largest-airline-anaTue, 02 Apr 2019 08:00:00 +0200
7753<![CDATA[With Magento extensions, businesses globally benefit from Wirecard's digital platform]]>

Magento belongs to Adobe and is the most popular shop system worldwide with a market share of 30% and already used by over 200,000 online shops

Wirecard, the global innovation leader for digital financial technology, today announced the release of two new extensions for the shop systems Magento 1 and Magento 2 aimed at easing the integration of merchants’ online shops with the Wirecard digital financial commerce platform. Merchants benefit from ready-to-use shop extensions that can be adapted to their individual business needs and are optimized for use with the Wirecard technology. As a result, they are able to accelerate and facilitate the launch of their e-commerce offering. Magento was acquired by Adobe in 2018. With a market share of 30%, it is the most popular shop system worldwide with more than 200,000 online shops using it across the globe.

The Wirecard shop extensions for Magento 1 and 2 are fully customizable with regard to features, payment methods, user interfaces and languages. Unlike the case with other available offerings, Wirecard provides full support at all times, even if the merchant has made significant adjustments to fit its unique business case. All post-processing operations such as capture, refund or cancellation can be done within the online shop. In addition, returning customers benefit from improved checkout experience with one-click payments, helping merchants to increase conversion rates.

The new extensions are publicly available as open source on GitHub. Merchants can use free test accounts without registration and any obligation to see how their businesses would benefit from integrating with the Wirecard digital platform. Wirecard provides free merchant support via live-chat, email or phone, even before signing a contract.

“We are proud to announce our new shop extensions for Magento and thus help even more businesses around the world take advantage of our unique digital ecosystem of financial commerce technologies and services,” said Sreelekha Sankar, EVP Payment & Risk at Wirecard.

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https://www.wirecard.com/company/press-releases/with-magento-extensions-businesses-globally-benefit-from-wirecards-digital-platformThu, 28 Mar 2019 08:00:00 +0100
7755<![CDATA[Wirecard and MBILLS expand cooperation to offer digital payments via Garmin Pay]]>

Wirecard helps more than half a million consumers achieve even more financial flexibility by combining the mBills app with Garmin Pay Thanks to Wirecard, MBILLS is the first fintech company in Slovenia to offer payments with Garmin wearables

Wirecard, the global innovation leader in digital financial technology, and Slovenian fintech company MBILLS, have enabled Garmin Pay as a further payment option, offering users of the mobile wallet app mBills even more flexibility and convenience when it comes to digital payments. It is now possible for more than half a million mBills customers to add their digital debit card connected to their mobile wallet to Garmin Pay and thus use their Garmin device to pay at points of sale worldwide and online.

The company MBILLS is owned mainly by Petrol, the largest energy and retail company in Slovenia with an annual turnover of EUR 5.4 billion. Around 80% of transactions in Slovenia are still carried out in cash, meaning there is a huge market potential for mobile and digital payments. MBILLS is the first Slovenian fintech to enable payments using Garmin wearables.

Mag. Primož Zupan, Director of MBILLS, commented, “By combining our mBills app with Garmin, we are able to offer customers an even broader range of devices to pay with, providing more flexibility and freedom for our customers. Wirecard’s proven expertise in enabling mobile payments not only on smartphones but also on wearables has been instrumental in our ability to introduce this new option to market.”

Boris Bongartz, Head of Sales, Digital Goods, at Wirecard, added, “Mobile payments are gaining traction worldwide because of their convenience and flexibility. By enabling mBills customers to add their digital mBills card to Garmin Pay, consumers do not need their physical wallet nor their smartphone for the payment process – this is how we are further driving the use of digital payment solutions and making it even easier for Slovenian consumers to pay on the go.”

Wirecard and MBILLS offer a complete mobile digital payment solution. All functions – from ordering, activating and blocking the card and managing finances, to setting transaction limits or activating or blocking payments outside the European Union – are mobile and available worldwide anytime. A list of all expenses and the associated cost control and budgeting for the user are also included in the functionality. After each transaction, a notification is sent to the user’s smartphone free of charge. The mBills Mastercard can be conveniently applied for in the app and is linked to the user’s own mBills account.

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https://www.wirecard.com/company/press-releases/wirecard-and-mbills-expand-cooperation-to-offer-digital-payments-via-garmin-payMon, 25 Mar 2019 08:00:00 +0100
7757<![CDATA[Wirecard study: US businesses want a single digital platform for e-commerce success]]>

Independent survey examined perceived opportunities and challenges for US small to midsize businesses in the global online marketplaceE-commerce decision makers see value in a single digital platform and streamlining acquiring and payment providers to optimize e-commerce strategies

A new study commissioned by Wirecard and conducted by Forrester Consulting has identified the greatest opportunities and challenges for small and midsize businesses in the United States, and concluded that digital payment providers with global capabilities may offer the most optimal strategies for merchants’ e-commerce success. E-commerce sales worldwide topped $1.9 trillion in 2016 and are set to reach more than $4 trillion by 2020, representing about 15 percent of global retail spend.

“In 2019, cross-border sales represent the greatest opportunities and the greatest challenges for companies engaging in online retail. Retailers need operational and technological capabilities that are fully streamlined and can handle exponential growth in traffic and transactions, thus helping them reach the global market with the greatest ease and efficiency,” said Deirdre Ives, Wirecard’s Regional Managing Director North America.

In late 2018, a commissioned study conducted by Forrester Consulting on behalf of Wirecard asked 200 decision makers at midsize US companies about their capabilities, goals, and challenges around global e-commerce. Forrester uncovered several common priorities and challenges:

- At least half of respondents’ companies intend to increase their current selling levels to four key markets: Europe, Asia, Canada, and Central America - 87% said cross-border growth is a critical or high priority over the next two years- At the same time, less than 1/3 of respondents expect their current technology stack to completely meet their needs in 2020

In addition, researchers uncovered several key factors influencing global e-commerce success, many around compliance, security, and customer service. Additionally, nearly three quarters of companies surveyed partner with at least three providers to satisfy their cross-border e-commerce needs – and more than half of those have encountered problems working with multiple providers. Nearly all said that payment acceptance capabilities are critical to their global e-commerce programs.

“While cross-border e-commerce is a low-investment route to tap into opportunities abroad, it is no small feat. At minimum, companies must adopt modern security capabilities and local payment methods and adhere to local laws and regulations,” the researchers wrote in their study. “Success depends on access to strategic partners that can connect them to global customers, support local payments with value-added capabilities, and help them reduce operational complexity and risk.”

“These insights tell us that Wirecard has all the capabilities and solutions that businesses value most in their journey to global e-commerce,” said Kevin Brown, Vice President of Marketing and Strategic Partnerships, North America, at Wirecard. “We offer a proven digital financial commerce platform, extensive global regulatory expertise, a worldwide banking network, the capacity to accept 27 currencies and counting, and unparalleled customer service. We’re very excited to work with all kinds and sizes of companies to help them play on the world stage now and in the years to come.”

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https://www.wirecard.com/company/press-releases/wirecard-study-us-businesses-want-a-single-digital-platform-for-e-commerce-successTue, 12 Mar 2019 13:00:00 +0100
7759<![CDATA[Wirecard announces enhanced in-app payment SDKs to support mobile shopping trend]]>

In-app mobile payments are a key part of Wirecard’s strategy which envisages a fully digital financial commerce platformWorldwide mobile app revenues expected to grow to $189 billion by 2020 New software development kits are designed to make it easier for merchants to provide in-app payment options

Wirecard, the global innovation leader for digital financial technology, has announced enhanced software development kits (SDKs) for mobile in-app payments and is a further step closer to making its vision of a fully digital financial commerce platform a reality. The new mobile payment SDK libraries for iOS and Android were created to enable merchants to integrate in-app payment options more easily as well as facilitate PCI compliance.

Global mobile app revenues are expected to grow from $88 billion in 2016 to $189 billion in 2020, with shopping being the fastest growing mobile app category based on average consumer usage time. By offering in-app payment, merchants can take advantage of these trends and, thanks to Wirecard, improve the omnichannel customer experience. Wirecard expects mobile in-app payments to be a significant pillar of future growth as currently only 1-2% of all transactions worldwide are fully digital.

“Wirecard found out that around 40% of consumers prefer to make purchases using their mobile devices. This is why in-app payments are a significant element in our future vision and why offering these options is quickly becoming a necessity for merchants. In the future, every element of consumers’ daily financial lives will be digital – on public transport, at home, on holiday, in-store, all processes will be completed on mobile devices. We help our customers get up and running more quickly by enabling easy, flexible integration of new mobile payment options, which in turn helps them to improve the user experience and grow their businesses,” said Sreelekha Sankar, EVP Payment & Risk at Wirecard.

Offering in-app payments represents considerable revenue potential for merchants. The enhanced SDKs significantly reduce the time and effort of integrating in-app payments into their mobile apps. By supporting a wide range of popular payment methods, Wirecard offers merchants full flexibility as well as scalability, as payment methods can be integrated as individual modules. By working with Wirecard, card-not-present merchants who have entirely outsourced their cardholder data processing and storage, can easily validate their PCI compliance.

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https://www.wirecard.com/company/press-releases/wirecard-announces-enhanced-in-app-payment-sdks-to-support-mobile-shopping-trendThu, 07 Mar 2019 08:00:00 +0100
7761<![CDATA[Wirecard enables fully digital Chinese payment methods on board Tallink Grupp ships]]>

Around 500,000 tourists benefit from fully digital payment solutions on Tallink Grupp’s vessels By providing innovative digital payment solutions to one of the leading transportation providers in the Baltic Sea region, Wirecard further strengthens its position in the travel industry

Wirecard, the global innovation leader in digital financial technology, is enabling Tallink Grupp to accept the most popular Chinese payment methods, such as Alipay, onboard its fleet. Tallink Grupp is the leading passenger and cargo transportation service provider in the Northern region of the Baltic Sea and operates 14 vessels on seven different routes. The growing share of passengers from the Far East will benefit greatly from this cooperation to pay for goods and services onboard with their preferred payment methods. The integration was realized together with Wirecard partner Cimple Marketing.

In 2018, Tallink Grupp carried a total of 9.8 million passengers. Asian tourists are one of the largest customer groups for the company, with the number of Chinese passengers growing steadily over the last few years.

Paul Noorkõiv, Tallink Grupp’s Vice CIO, said, “It is important that we take our Chinese customers’ shopping preferences into account. According to our customer value proposal to offer an enjoyable travel experience, we make it as comfortable as possible for our guests to pay for goods, offering them the same options they are used to from back home. The collaboration with Wirecard allows us to deliver a seamless payment process to enhance the guest experience onboard.”

Jan Rübel, Head of Sales Travel & Transport at Wirecard, added, “When traveling abroad, Chinese tourists are most likely to spend their money on duty free and retail shopping. Studies show that this target audience will buy even more if they can use their preferred payment methods.” Stephan Ritzenhoff, Head of Partner Management, Travel & Mobility at Wirecard, said, “Together with Cimple Marketing, we are pleased to help the Tallink and Silja Lines tap into this potential by enabling them to accept popular Chinese digital payment methods onboard their ships.”

The partnership benefits Chinese customers who can pay cashless on Tallink’s ships as if they were in their home country, without the need to exchange cash into a foreign currency. In addition, they can also take advantage of special offers and coupons. By introducing such a comprehensive payment approach, fully digitized payment methods are also lucrative for merchants and suppliers.

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https://www.wirecard.com/company/press-releases/wirecard-enables-fully-digital-chinese-payment-methods-on-board-tallink-grupp-shipsMon, 04 Mar 2019 08:00:00 +0100
7763<![CDATA[Wirecard and Beşiktaş JK deliver a better fan experience for users with new app]]>

Wirecard platform enables fully digital payments via the mobile wallet Beşiktaş JK will expand deployment to more restaurants and food outlets as well as the official Beşiktaş JK merchandise store

Wirecard, the global innovation leader for digital financial technology and Beşiktaş JK, one of Turkey’s oldest and biggest sports clubs, have joined forces to launch the latest version of the Beşiktaş JK mobile app which includes a new integrated mobile wallet. Football fans can now order and pay for refreshments from their seats during the match, and then conveniently pick their order up without having to wait in line. Wirecard enables and processes the digital payments within the Beşiktaş JK mobile app which has more than 300,000 users.

Initially launching for the main refreshments sales point within the club’s stadium, Beşiktaş JK plans to extend the scope of the app to make it possible to pay with the integrated mobile wallet in more affiliated sales points as well as other fast food outlets. In the future, the app can be used to pay for Beşiktaş JK branded merchandise. Furthermore, fans will be able to earn points whenever they use the mobile wallet to make purchases, enhancing brand engagement and loyalty.

Umut Kutlu, Chief Marketing Officer at Beşiktaş JK, said, “We want to make the fan experience as positive as possible. Thanks to Wirecard, we now offer our fans a new level of convenience by enabling them to purchase refreshments within the new Beşiktaş JK mobile app and skip the long lines that can form at half time when up to 40,000 spectators leave their seats at the same time. We have already received great feedback on the app and are excited to expand the payment solution to other areas soon.”

Dündar Özdemir, Managing Director Turkey at Wirecard, added, “We are proud to work with such a forward-thinking and respected club as Beşiktaş JK. We share a common vision of enabling seamless, optimized customer experiences and are delighted to offer Beşiktaş JK fans the possibility of making quick and simple purchases via the Beşiktaş JK mobile app. Together, we are meeting the needs of modern sports’ fans who have high expectations not only from their team but also from their digital experiences.”

The new Beşiktaş JK app is available for iOS and Android via the respective app stores.

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https://www.wirecard.com/company/press-releases/wirecard-and-beşiktaş-jk-deliver-a-better-fan-experience-for-users-with-new-appWed, 27 Feb 2019 08:00:00 +0100
7765<![CDATA[Wirecard brings Apple Pay to Twisto customers in the Czech Republic]]>

Twisto users can now add their digital Mastercard into Apple Pay for easy and secure shopping via app

Wirecard, the global innovation leader for digital financial technology, now offers customers of Twisto, a leading Czech mobile payment provider, Apple Pay as a means of payment. Users simply add their digital Twisto Mastercard to Apple Pay to enjoy paying in a more convenient way. The Czech Republic is the latest country where Wirecard has integrated Apple’s payment service immediately upon the regional launch, thus further driving the digitization of payments in Europe.

Twisto is a payment service with an easy-to-use app for uncomplicated, instant purchases and the settlement of invoices via a mobile photo scan. Since 2017, Wirecard and Mastercard have been enabling Twisto customers to pay using credit cards and wearables. Thanks to the additional integration of Apple Pay, users can now pay even more conveniently with Twisto when shopping online, in apps, on websites and at the POS.

Twisto has established itself as one of the leading mobile-first solutions for day-to-day payment amongst early adopters and tech-savvy consumers in the Czech Republic as well as Poland, with customer satisfaction ratings of nearly 98 percent. Together with Wirecard, the provider is planning to expand into other European countries in the future, reaching millions of consumers.

With the help of Apple Pay, Twisto customers can pay for physical goods and digital services via Touch ID or Face ID. Security and data protection have top priority. Thanks to a unique device account number, the data is neither stored on the device nor on Apple servers.

Julian Weste, Vice President Sales Financial Institutions and FinTech Europe at Wirecard, explains, “The Czech Republic is another market in which we can offer a combination of a mobile payment app with the convenience of Apple Pay. Our goal is to continue the digitization of payment processes in Europe. Together with Twisto, we see great potential for opening up further markets in Europe.”

“With the help of Wirecard, we can offer our customers an additional, very convenient method of payment and thus further extend our leading position. We are proud to be the only Czech Apple Pay payment provider which is not connected to a specific bank. This makes us very competitive nationally and internationally and enables us to offer consumers a unique shopping and payment experience, regardless of who they bank with,” says Michal Smida, CEO at Twisto.

Further information can be found at: https://www.twisto.cz

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https://www.wirecard.com/company/press-releases/wirecard-brings-apple-pay-to-twisto-customers-in-the-czech-republicMon, 25 Feb 2019 08:00:00 +0100
7767<![CDATA[Wirecard and Tirol Werbung launch joint China Pay Initiative]]>

150 Tyrolean merchants are already on board with the implementation to expand their service offering

Wirecard, the global innovation leader for digital financial technology, and Tirol Werbung, the tourism organization of the Austrian state of Tyrol, are launching a new China Pay Initiative together with partners Innsbruck Tourism, Kitzbühel Tourism, the Kufsteinerland Tourism Association, Ötztal Tourism, the St. Anton Tourism Association and the Swarovski Kristallwelten. The initiative will enable a state-wide coverage of Wirecard’s mobile payment solution, integrating the most popular Chinese mobile payment methods into numerous Tyrolean companies. Initially, 150 businesses in the region will be equipped with the solution.

According to a Nielsen study, around 91 percent of Chinese tourists would be willing to spend and buy more abroad if more merchants accepted Chinese mobile payment methods. With this initiative, Wirecard and Tirol Werbung are therefore addressing the preferences of this target group. The state of Tyrol wants to offer Alipay, among others, as a payment option in as many businesses as possible. Wirecard is responsible for the entire payment integration and processing operations.

A 2018 report found that total spending by Chinese tourists in Austria had increased by 28 percent over the previous year, making China the top spending country for tax-free purchases in the Alpine nation among non-European countries. With a share of 30 percent of all tax-free sales in Austria, China clearly ranks first, ahead of Russia (10 percent) and Switzerland (8 percent). While the average non-European tourist spent 508 euros, visitors from China spent an average of 616 euros per purchase.

Holger Gassler, Head of Markets at Tirol Werbung, said, “We expect to gain a competitive advantage as the first Austrian province to introduce Chinese mobile payment methods on a large scale. Payment convenience plays a major role for this target group in particular and can make both the region and participating merchants more attractive to Chinese tourists. The introduction of Wirecard’s digital payment platform is also one of the first projects within the scope of Tyrol’s digitization campaign.”

Roland Toch, Managing Director CEE at Wirecard, added, “Experience shows that accepting Alipay as a new payment method can lead to an increase in transaction volume with travelers from China of more than 350 percent within one year. We are proud to partner with Tirol Werbung to offer our digital payment solution to hundreds of companies and to continue the digitization of their payment processes. We look forward to expanding our partnership with Tyrol and other European regions in the future.”

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https://www.wirecard.com/company/press-releases/wirecard-and-tirol-werbung-launch-joint-china-pay-initiativeWed, 20 Feb 2019 08:00:00 +0100
7769<![CDATA[Wirecard equips Segmüller with mobile payment solution]]>

Thanks to Wirecard, Segmüller accepts mobile payments for furniture delivery directly at the front doorWirecard provides payment software and handles payment processing

Wirecard, the global innovation leader for digital financial technology, has announced its collaboration with Segmüller, one of Germany’s largest furniture retailers. Thanks to Wirecard, Segmüller offers its customers the opportunity to conveniently pay invoices with their mobile devices or credit cards when they receive their delivery. Wirecard not only provides the digital payment technology, but also handles the processing of payments. Wirecard is thus driving forward the digitalization of the furniture industry and enabling Segmüller to increase customer satisfaction with more flexible payment options.

The mobile payment solution specially developed for the furniture industry is based on a combination of an app with an mPOS device that works in conjunction with mobile devices such as tablets and smartphones. With the payment app, Segmüller can now accept digital payments directly at the customer’s front door. Customers can first pay a deposit on their goods in store and then use this technology to settle the remaining amount upon receipt of the delivery.

As a company with a long tradition, Segmüller not only wants to deliver the best quality, but also a smooth customer experience. With innovative technology such as Wirecard’s mobile payment app, the company now offers even more convenience and flexibility in the delivery of goods.

“We are pleased to be able to support Segmüller in digitizing their payment processes and thus increasing customer satisfaction,” said Christian Reindl, Executive Vice President Sales Consumer Goods at Wirecard. “With the development of our payment app, we have actively responded to the trend that consumers want an increasingly seamless payment experience – the mobile payment solution is optimally tailored to the delivery model.”

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https://www.wirecard.com/company/press-releases/wirecard-equips-segmüller-with-mobile-payment-solutionMon, 18 Feb 2019 08:00:00 +0100
7771<![CDATA[Traditional watches made smart with Sony and Wirecard's digital payment technology]]>

With the latest digital technology all in a smart watch strap, wena incorporates speedy contactless payment, advanced fitness tracking and direct link-ups for phone notifications into a luxury timepiece design

Sony launches the wena watch range in the UK and Ireland, bringing traditional watchmaking into the 21st century, truly modernizing the luxury of timekeeping. Amongst other features, the new watch bands utilize NFC technology to give wearers the ability to make contactless payments with just a tap of the wrist – a simpler, faster and safer way to make day-to-day transactions for those with a busy lifestyle. Wirecard will be the launch issuer. Using Wirecard’s boon app for iOS and Android, customers will be able to add a virtual card to the wena app and set up automatic top ups, providing a simple way for everyone to access funds, no matter who they bank with.

Georg von Waldenfels, Executive Vice President Group Business Development at Wirecard, said, “The cooperation between Wirecard and Sony combines the best of two worlds by tracking your activities and making mobile payments by connecting your boon app with a fashionable smart wearable. This brings a whole new lifestyle aspect to the market for mobile payments, which is currently experiencing strong growth worldwide, and this is why we are delighted to be among the first launch partners for Sony wena. Our customers can now use their digital boon app to track their spending, make peer-to-peer and online payments plus use their favorite wearable at the point of sale – without having to take their physical wallet with them. These benefits for consumers of being able to pay with their smart device and boon mean a new level of freedom in everyday life.”

The wena watch has been created by a new business development program within Sony, known as the Seed Acceleration Program (SAP). Launched in April 2014, the scheme encourages innovation and provides the opportunity for its employees to propose and create new ideas to support current Sony business operations and beyond.

wena stands for “Wear Electronics Naturally” and the strap has been designed exactly with this in mind. The interchangeable nature of the watch allows the technology to be isolated to the clasp of the watch strap, rather than being linked to the face. The design of the watch not only allows the wearer to choose any watch face, but it makes everyday activities easier to do. For example, when making payments with the watch, there is no need for the wearer to twist their wrist to tap the face onto the terminal, which many find uncomfortable and unnatural – instead it can all be done with one simple, easy movement.

Caroline Casey, Mastercard’s Vice President, Innovation, Partnerships and Labs, Europe, said, “Working with partners to bring innovative, safe and secure payments to consumers is at the heart of our strategy. Sony’s wena watch embodies this by delivering smart functionality to all those consumers who favor a classical timepiece, with latest contactless paytech alongside style and mechanical precision.”

Gregor Klezin, Director of Global Mobile Payment Solutions, NXP Semiconductors, said, “There couldn’t be a better example than Sony’s new wena bands to prove how any device can be a payment device with this first true end-to-end mobile wallet solution, the NXP mWallet 2GO. Sony and NXP successfully completed the challenge to allow for new form factors in mobile payments while ensuring high-level device security at all times.”

The smart watch strap also provides wearers with phone notifications including calls, mail and app notifications with a one or two-line display. What’s more, notifications can be customized using the 7-coloured LED lighting and vibration, giving the wearer greater control of how the watch communicates with them.

The strap is also perfect for those on a fitness push, logging steps and calories burned, whilst the wena wrist active version also comes complete with GPS tracking and heart-rate sensors.

The strap is available in two styles – metal and silicone. The range also comes complete with watch faces designed to match perfectly with the watch straps. Sony has worked with some of the finest Swiss watchmakers in the market to ensure premium quality.

The new wena watch range is available to pre-order in the UK and Ireland now.

The full press release can be found in the Sony Press Center:https://presscentre.sony.co.uk/pressreleases/traditional-watches-made-smart-with-sony-2835595

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https://www.wirecard.com/company/press-releases/traditional-watches-made-smart-with-sony-and-wirecards-digital-payment-technologyWed, 13 Feb 2019 08:00:00 +0100
7773<![CDATA[Wirecard digitizes loyalty and incentive programs to upload money within seconds]]>

Immediate and secure access to digital funds New mobile-first functionality reflects upward trend in mobile wallet adoption and increases brand engagement and consumer spendSimple and intuitive customer experience minimizes friction and offers more convenience

Wirecard, the global innovation leader in digital financial technology, has announced the release of its Virtual Express solution for immediate and reliable delivery of digital funds including refunds, incentives, and rewards. The new functionality has been designed specifically for mobile wallets. Mobile wallet usage is gaining traction around the globe, with the main payment services seeing an upsurge in adoption in 2018. Virtual Express is available immediately to customers in the US and will be rolled out to other geographies later in the year.

Virtual Express is part of a suite of digital payment solutions that improve operational efficiencies for businesses while delivering added convenience for end users. The feature is especially valuable for companies that want to enhance brand engagement within loyalty and incentive programs. Virtual Express allows users to access funds directly and skip the step of card registration. This removes friction from the payment process and puts funds in consumers’ hands quickly and easily. For businesses, reduced friction increases redemption and engagement.

Companies that employ digital payment solutions see significant cost savings over issuing checks – less than $1 compared with up to $12 per check. Digital delivery keeps consumers in the mobile ecosystem, prolonging engagement and increasing overall spend.

“The key factors contributing to the ongoing digital transformation are businesses’ ability to tap into consumer preferences, provide a superior customer experience, and deliver in real time,” said Deirdre Ives, Regional Managing Director North America at Wirecard. “Virtual Express ticks all the boxes, and we’re very excited to bring this added value and convenience to our clients and their customers. Wirecard has been leading the industry in terms of correctly anticipating consumer expectations and delivering innovative products that resonate.”

The Virtual Express user experience is smooth and quick. A customer simply clicks a secure link in a welcome email, accepts the terms and conditions and can then choose to shop online immediately or provision their payment to their preferred wallet to shop anywhere mobile wallets are accepted.

Virtual Express, as with all of Wirecard’s digital payment technologies, combines the company’s core strengths – including robust data collection and analytics, innovation, and global payments and banking expertise – to optimize customer relationships.

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https://www.wirecard.com/company/press-releases/wirecard-digitizes-loyalty-and-incentive-programs-to-upload-money-within-secondsTue, 12 Feb 2019 08:00:00 +0100
7775<![CDATA[Wirecard and Oney implement the first biometric payment system in Romania]]>

The new Well.com app is available in Romania with plans to expand to Hungary, Poland and Ukraine, reaching millions of consumers

Wirecard, the global innovation leader in digital financial technology, is working with Oney to implement Well.com, a unique and innovative mobile application in Romania, which allows biometric authentication payment by fingerprint. Oney is the banking and financial arm of Auchan Retail Romania which has annual turnovers of over 1.2 billion euros. Consumers will be able to pay with the app in over 30 Auchan stores throughout Romania. A future expansion is planned to offer it as a payment method in other countries and at other merchants.

“Wirecard stands for innovation and is always offering the latest and most innovative solutions to customers and partners, both in Romania and globally. We are very excited to be part of the cutting-edge Well.com solution, alongside Oney and Auchan Retail Romania, in order to offer merchants and consumers a new and secure way to enjoy the shopping experience, positioning Romania alongside the most innovative global markets,” said Utku Ogrendil, Managing Director Romania at Wirecard.

“Payment methods are continuously improving and we would like Romanian customers to experience the latest technologies. One step in doing so is Well.com, an innovative solution that leverages the expertise of Wirecard in the area of digital payments. Throughout this year, we are looking forward to developing new functionalities, that will further improve the shopping experience in Romania and beyond,” said Jean-Michel Goncalves, Director General, Oney Romania.

Well.com allows users to pay with their fingerprint or QR code in an extremely secure, fast and convenient way. Wirecard integrates the wallet in the mobile app, enables card registration and activation via 3D Secure and also processes the fingerprint and QR transactions.

The mobile app is currently available for both Android and iOS, along with any Mastercard or Visa debit or credit card issued in Romania, and can be downloaded via the respective app stores, as well as from the site www.well-com.ro.

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https://www.wirecard.com/company/press-releases/wirecard-and-oney-implement-the-first-biometric-payment-system-in-romaniaThu, 07 Feb 2019 08:00:00 +0100
7777<![CDATA[Wirecard enables mobile payments via Alipay at leading fashion store chain Stockmann]]>

Stockmann offers premium selections of brands, excellent customer service and experiences in modern and inspirational multichannel shopping environments

Wirecard, the global innovation leader for digital financial technology, together with Cimple Marketing, a specialist in marketing towards the Chinese market, has integrated Alipay as a payment method in the department stores in the Baltics operated by Stockmann. The Stockmann Group offers a wide range of fashion, beauty, home products and food in its eight department stores in Finland and the Baltics as well as an online store in Finland. It also consists of Lindex, an international fashion chain with 474 fashion stores in 18 countries and an online store operating in 30 countries. In 2018, the Stockmann Group’s revenue was over 1 billion euro.

With over 1 billion active users and more than 100 million transactions per day, Alipay is the world’s largest mobile payment network. Wirecard customers who accept Alipay as a payment method make themselves more appealing to Chinese tourists which in turns leads to higher monetary spend amongst this target group. Experience shows that by offering Alipay, merchants can expect an increase of more than 350% in the amount spent by Chinese tourists within one year.

Andres Alango, Baltics IT Development Manager at Stockmann, said, “Especially when traveling to long-haul destinations, such as Europe, Chinese visitors seek to experience the local lifestyle which includes shopping, especially luxury brands. By partnering with Wirecard and Cimple to offer these travelers the possibility of using their preferred mobile payment methods, we look forward to differentiating ourselves from other retailers by providing an even better customer experience, and welcoming even more Chinese tourists to our stores in the future.”

Thomas Wecke, Co-Founder at Cimple Marketing, added, “Our aim is to help retailers in the Baltics to improve their understanding of Chinese target groups and to bring the world’s largest travelling nation to Baltic shopping destinations. Together with Wirecard, our partner for digital payment technology, we are glad to strengthen the connection between European retailers and Chinese travellers.”

Catharina Tiede, Head of Partner Management, Consumer Goods at Wirecard, said, “Chinese tourists hold an enormous sales potential for European merchants. When travelling to Europe, Chinese guests spend on average 3,000 euro per person on shopping. We are pleased to help Stockmann to engage more effectively with this continuously growing target group, increasing customer satisfaction and in turn their sales figures.”

For more information, please visit: https://www.wirecard.com/chinapayment/en/

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https://www.wirecard.com/company/press-releases/wirecard-enables-mobile-payments-via-alipay-at-leading-fashion-store-chain-stockmannTue, 05 Feb 2019 08:00:00 +0100
7779<![CDATA[Wirecard provides BASF's xarvio™ digital farming solutions with digital payments]]>

Farmers using xarvio Field Manager to optimize their crop production benefit from digital, secure and real-time payment services by Wirecard

Wirecard, the global innovation leader in digital financial technology, has announced a cooperation with BASF Digital Farming GmbH, Münster, Germany, to provide digital payment services for the company’s latest farming solution. xarvio™ Field Manager of BASF is a commercial digital product to optimize crop production. To receive field-specific timing and dosing of agricultural inputs, farmers will use Wirecard’s innovative payment ecosystem to process Visa and Mastercard payments worldwide.

xarvio digital farming solutions and Field Manager are part of BASF’s Agricultural Solutions division, one of six segments of the BASF Group. The division generated sales of 5.7 billion euros in 2017. As the one-stop payment service provider, Wirecard will provide a customized end-to-end solution created for xarvio digital products, which will facilitate subscription payments for users worldwide, and offer a secure, transparent and efficient payment processing service.

According to a 2017 study by MarketsandMarkets, the digital-based farming services market is projected to reach USD 9.53 billion by 2023. Driving factors for the expected boom include population growth and the associated increase in demand for food, cost savings offered by digital farming, and government initiatives to modernize the agriculture industry. Digital solutions for farming services can provide both a financial benefit for farmers and improve production rates and outputs.

“The digital transformation of agriculture has opened up a number of opportunities for us to expand our digital service offering,” said Andre-Georg Girg, Global Head Commercial Operations Digital Farming at BASF. “Our xarvio digital products solutions use technology to support better decision making and to improve the efficiency of crop production, resulting in both short and long term benefits for farmers’ income, the quality of their crops and the environment. As the international scope of our solution required a global partner to provide real-time, secure payment services, we are very pleased to partner with Wirecard. Their one-stop solution fulfills our expectations and can meet the needs of our customers.”

“We are pleased to be cooperating with BASF in such an innovative industry like digital farming,” said Brigitte Häuser-Axtner, Executive Vice President, Sales Digital & Telecommunications at Wirecard. “Developing this tailor-made solution for xarvio shows the adaptability of our financial services ecosystem. We look forward to the success of our partnership in this valuable and fast-growing industry, and to furthering our cooperation with BASF.”

The success of farmers around the globe depends on many factors such as weather, plant health, soil conditions and prices for agricultural produce. Modern farmers have to analyze more and more data of increasing complexity to make the right cultivation decisions. xarvio Field Manager helps growers to farm better with less – preserving or enhancing yields, while reducing the environmental impact of farming and supporting more biodiversity on the land.

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https://www.wirecard.com/company/press-releases/wirecard-provides-basfs-xarvio-digital-farming-solutions-with-digital-paymentsThu, 31 Jan 2019 08:00:00 +0100
7781<![CDATA[Wirecard expands collaboration with Google Pay in Europe]]>

Wirecard, the global innovation leader in digital financial technology, is expanding its cooperation with Google Pay and is making its mobile payment app boon available for the wallet solution in Ireland, Spain and the United Kingdom.

With boon, users not only benefit from a real-time overview of all transactions, peer-to-peer and online payments, they can also easily add their digital boon Mastercard to Google Pay. As a result, users enjoy paying in an even more convenient way – they just hold their smartphone on the terminal and approve the transaction, for example, with their fingerprint. The latest expansion of boon means that Wirecard’s mobile payment solution will be available in Ireland, Spain and the United Kingdom on four digital payment platforms: Apple Pay, Fitbit Pay, Garmin Pay, and as of now, Google Pay. boon users will benefit from fully digitized mobile and wearable payment possibilities, regardless of which bank or mobile provider they use.

“We are delighted to further bring boon into Google Pay, the fast and simple way to pay in millions of places,” commented Florence Diss, Head of EMEA Commerce Partnerships at Google. “Google Pay users in Ireland, Spain and the United Kingdom will benefit from having all of their cards, including boon, in a single digital wallet that is secure and convenient.”

“Our bank-independent mobile payment solution boon has already seen great success across Europe, and we expect to keep this momentum going with the latest expansion,” added Georg von Waldenfels, Executive Vice President Consumer Solutions at Wirecard. “At Wirecard, we are constantly seeking to drive the digitization of payments forward, and bring the most innovative solutions to the hands of consumers. With this expansion, we are simplifying digital payments even more and meeting the demands of consumers who seek fast and convenient payments on the go.”

The success of contactless payments, whether by mobile, wearable, or card, can be felt across Europe, and especially in the United Kingdom where, according to Mastercard, nearly one in two in-store transactions are now contactless. Across Europe, Mastercard found that contactless spending on Mastercard and Maestro grew 145% in 2017. The same study found that overall, one quarter of Europeans expect to start using contactless payments with wearables in the future. The expansion of boon for Google Pay into three major European markets comes at a time of fast growth and high consumer demand for digital payment methods.

boon is the industry’s first fully digitized mobile payment solution which is also bank and mobile provider independent. The app is already available in France, Germany and Italy for Google Pay. On iOS, boon is available in France, Germany, Ireland, Italy, Spain, Switzerland and the United Kingdom.

Further details can be found at www.beboon.com.

To download boon, please click here.

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https://www.wirecard.com/company/press-releases/wirecard-expands-collaboration-with-google-pay-in-europeTue, 29 Jan 2019 08:00:00 +0100
7783<![CDATA[Wirecard launches API Management and Developer Portal for clients]]>

Centralized portal enables customers to get up and running with the Wirecard digital platform more quicklyInitially designed for Wirecard’s issuing solutions, the new tools will be extended in future to include the full scope of the company’s digital financial technology and services

Wirecard, the global innovation leader for digital financial technology, has unveiled its new API Management and Developer Portal, designed to make it even quicker and easier for customers to integrate the Wirecard digital platform into their environments as well as enhance and expand their existing installations. At the same time, the company is announcing an environment for prospects where interested parties will be able to test the functionality of the Wirecard platform in order to better plan and execute implementation. This simplifies and accelerates the process for companies towards fully digital solutions.

Susanne Steidl, CPO at Wirecard, said, “With our new Developer and API Management Portal, we will make it easier for customers around the world to get to know the full spectrum and deployment possibilities of our digital financial ecosystem in order to ease integration and significantly reduce launch cycles. The sooner they can install and integrate the technology in their environments, the sooner they can start benefitting from the functionality and the sooner they can fully digitalize their operations.”

The Wirecard API Management Portal is a comprehensive platform designed to centralize all Wirecard APIs, improving and accelerating the onboarding of customers and making it easier for them to connect their systems to the Wirecard ecosystem. In addition, the portal provides a “one-stop shop” for all relevant Wirecard documentation including technical specifications, flow diagrams and detailed installation and integration guides. Within the tool, developers can also download templates making it simpler for them to use the Wirecard APIs to adapt the solution to their specific environment and changing needs. By centralizing and standardizing the APIs, Wirecard also makes it easier for customers to scale their Wirecard solution by adding new elements of the ecosystem from within the tool.

The Wirecard Developer Portal is specifically aimed at developers within companies that do not yet work with Wirecard and enables them to effectively plan their Wirecard deployments in a sandbox environment. The portal provides a comprehensive set of Wirecard APIs that can be downloaded, installed and tested within a protected environment. Companies can determine in real-life scenarios how the Wirecard solutions help them drive their digitalization strategies and improve their own customer experience. For example, developers will be able to use the portal to trial open banking applications in support of future initiatives such as PSD2. The Developer Portal contains key elements such as a self-service support hub, documentation database and a product and implementation showroom, which will demonstrate the full spectrum of the Wirecard ecosystem for digital financial technology.

Both the Wirecard API Management and Developer Portal make use of the OpenAPI Specification which is an industry standard for all applications. By leveraging this standard, Wirecard enables customers to accelerate the entire implementation process and reduce adaptation times from weeks to mere minutes.

Get more information on the Wirecard API Management and Developer Portal at the Paris Fintech Forum – Europe’s largest Fintech event – from 29th to 30th January in Paris. Among others, Susanne Steidl, CPO at Wirecard, will discuss future innovations in the financial industry.

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https://www.wirecard.com/company/press-releases/wirecard-launches-api-management-and-developer-portal-for-clientsMon, 28 Jan 2019 08:00:00 +0100
7785<![CDATA[Wirecard and P.F.C. provide a better banking experience for hundreds of thousands of customers]]>

Wirecard enables P.F.C. to launch the next generation of digital banking services in Sweden

Wirecard, the global innovation leader in digital financial technology, together with the Swedish FinTech P.F.C. - Personal Finance Co., formerly Betalo, have introduced a new digital banking proposition aimed at hundreds of thousands of Swedish consumers. The cooperation between Wirecard and P.F.C., which was founded in May 2012 and belonged to the 50 fastest-growing Swedish technology companies in 2017, has enabled P.F.C to launch Sweden’s first neobank, a digital, mobile-first financial service for Swedish customers. The two companies have announced a Mastercard debit program, which is combined with a highly personalized app to help people manage their personal finances.

Sweden is at the forefront of the transformation towards a cashless society with only 13 percent of payments being made using cash, according to Sweden’s central bank. Digital payments via cards or apps are so widely accepted that many Swedish people no longer carry cash. Thanks to the ever-expanding capabilities of mobile devices, combined with the banking industry’s wholesale transition to digital, the market has seen cashless payment applications increase.

Eli Daniel Keren, founder and CEO of P.F.C., commented, “Today, people expect financial services to be personal, transparent and simple. We want to do just that with P.F.C. We rely on strong partners like Wirecard to bring our products to market. In the long run, the solution that P.F.C. and Wirecard provide enables people to gain financial health, and that’s no small feat.”

Julian Weste, Vice President Sales, Financial Institutions and FinTech Europe, at Wirecard, added, “The fully digital Mastercard debit card program issued by Wirecard helps users of P.F.C. to keep tabs on their everyday financial life. In addition, the mobile wallet solution will be enhanced to a real multi-currency card program in the near future. Together with P.F.C. we guarantee an innovative and comfortable way of financial management and are looking forward to further digitalizing processes globally.”

Wirecard and P.F.C. offer a complete digital solution for personal finance, which can be downloaded via Android and iOS. The app enables users to make purchases, set a personal budget, track expenses and create savings goals. Moreover, P.F.C. is a licensed Payment Institution in Sweden according to Payment Services Act (2010: 751) and is under the supervision of the country’s Financial Supervisory Authority (FI).

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https://www.wirecard.com/company/press-releases/wirecard-and-p-f-c-provide-a-better-banking-experience-for-hundreds-of-thousands-of-customersThu, 24 Jan 2019 08:00:00 +0100
7787<![CDATA[Wirecard issues multi-currency Visa cards for United Money, leading currency exchanger]]>

Wirecard, the global innovation leader for digital financial technology, has partnered with United Money, one of China’s largest currency exchange companies, to digitize payment processes and offer multi-currency Visa travel cards. The so-called Travel Cashcard is an ideal alternative to traveler’s checks and cash. Wirecard’s solution for United Money targets Chinese nationals who plan to travel abroad and are seeking a widely-accepted and convenient payment method, which can be managed via an online account. Currently, United Money manages close to 100 exchange offices in major airports, business districts and upscale communities nationwide and serves millions of consumers.

Jiang Zhongmo, founder of United Money, said “We are delighted to offer our customers a reliable and secure payment solution, which is backed by trusted industry leaders Wirecard and Visa. As experts in the field of foreign currency exchange, we are confident that Wirecard’s digital payment solution will fulfill the expectations of our customers, whether they are first-time or experienced travelers. We welcome this innovative and forward-thinking solution by Wirecard.”

The digital card supports currencies from the most-visited regions of the world: Australia, Hong Kong, Japan, Singapore, the UK, US and Eurozone. Consumers can load the cards before traveling, locking in exchange rates. United Money, one of the first officially recognized currency exchange companies in China, offers additional services in VAT refund processing and banknotes wholesale.

“As a global company at the forefront of digital financial innovation, we understand the barriers that are faced when paying in a foreign currency,” said Grigoriy Kuznetsov, EVP of Global Financial Services at Wirecard. “This is why we are proud of the collaboration with United Money, a market leader in China in the area of currency exchange. We look forward to developing further innovative solutions for United Money.”

“Multi-currency Visa travel cards are a great option for consumers travelling internationally who want a convenient, secure payment alternative to cash,” said Rajiv Ramanathan, Head of Products, Asia Pacific, Visa. “Visa’s role as a global payments network is about creating the right industry standards for people to pay digitally wherever they choose to travel, and we’re proud to work with United Money and Wirecard on this new solution.”

The multi-currency cards allow users to lock in favorable exchange rates before traveling, presenting an attractive opportunity for millions of Chinese travelers currently fulfilled by cash or traveler’s checks. A study by Coresight Research on Chinese outbound tourists found that foreign exchange rate fluctuations, especially unfavorable ones, will affect frequent travelers’ decisions when choosing a destination. By using the Wirecard-issued multi-currency Visa card, travelers can avoid this problem and take advantage of favorable exchange rates instead.

More information about multi-currency travel cards can be found in our blog.

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https://www.wirecard.com/company/press-releases/wirecard-issues-multi-currency-visa-cards-for-united-money-leading-currency-exchangerMon, 21 Jan 2019 08:00:00 +0100
7789<![CDATA[Wirecard cooperates with leading watch manufacturer Swatch to launch SwatchPAY!]]>

Wirecard offers a fully digital payment experience via SwatchPAY! and boonUsers of SwatchPAY! and boon in Switzerland benefit from mobile payments without needing a smartphone or wallet

Wirecard, the global innovation leader for digital financial technology, has signed a cooperation agreement with the leading watch manufacturer Swatch. In the future, consumers will be able to install fully digital, contactless payment solutions as an app in Switzerland and later throughout Europe and use them via their watches. This means that all SwatchPAY! customers will benefit from simple and secure mobile payments with boon at the point of sale.

boon by Wirecard is the industry's first mobile payment solution that works completely independently of banks and network operators. From 1st February 2019, users in Switzerland will be able to add their digital boon cards to SwatchPAY! and pay with their Blackback, Pastel, Chic & Magic Watches wherever Mastercard contactless is accepted.

“Constant innovation is a central part of Swatch's DNA”, said Carlo Giordanetti, Creative Director of Swatch. “Thanks to the latest innovation, tokenization has never been so quick and simple. It has never been more convenient to pay anytime, anywhere using the Swatch on your wrist: carry out the tokenization, hold the watch to the payment terminal, done! SwatchPAY! is simple, stylish and typical Swatch!”

Georg von Waldenfels, Executive Vice President Consumer Solutions at Wirecard, said, “We are proud to announce our cooperation with Swatch. This brings a whole new lifestyle aspect to the market for mobile payments, which is currently experiencing strong growth worldwide. The benefits for consumers of being able to pay with their watch and boon mean a new level of freedom in everyday life. Our customers can now use their digital boon cards with their favorite Swatch watches – without having to take their wallet or smartphone with them.”

boon by Wirecard is easy to set up on SwatchPAY! watches by going to one of the participating Swatch Stores, downloading the SwatchPAY! App and adding the digital boon card to the SwatchPAY! wallet. To pay, the user simply holds the watch in front of the payment terminal. With the SwatchPAY! App, several watches can be managed simultaneously.

SwatchPAY! and boon are equipped with numerous security functions. Industry standard security features ensure that a user's card information is never disclosed to merchants or Swatch itself.

Further information can be found on www.beboon.com and www.swatch.com.

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https://www.wirecard.com/company/press-releases/wirecard-cooperates-with-leading-watch-manufacturer-swatch-to-launch-swatch-payThu, 17 Jan 2019 14:00:00 +0100
7791<![CDATA[Wirecard collaborates with RINGANA for further digitization of the cosmetics pioneer]]>

New portal simplifies booking and payment of training courses from a selection of over 900 seminarsEasy integration of new payment methods enables RINGANA to develop all European markets individually

Wirecard, the global innovation leader for digital financial technology, is expanding its partnership with RINGANA. The company is one of Europe’s pioneers in sustainably produced and marketed cosmetics and supplements made from natural raw materials. RINGANA has been using Wirecard’s payment acceptance solutions in its online shop since 2010 and now records almost 200,000 transactions per year that are processed via Wirecard’s digital platform. The digitalization of payment processes has helped RINGANA to almost triple its annual revenues since 2015.

As a further milestone in the cooperation, Wirecard now acts as the acquirer for RINGANA’s ticket sales for its own training events. The company reaches its half a million customers through 42,000 business partners. These brand ambassadors are educated and trained at around 900 events a year in Austria, France, Germany, Italy, Poland, Spain, Switzerland and the UK. The tickets for these events are sold online via the company’s own booking portal – where, just like in the online shop, new payment providers can easily be integrated thanks to the Wirecard platform.

“RINGANA combines the advantages of direct sales with professionally trained customer communications. This ideal combination of the offline and online worlds aligns with our sustainability philosophy and creates trust among our customers,” said Andreas Wilfinger, Managing Director and owner of RINGANA. “With Wirecard, we are pleased to have a partner who can reflect our unique customer experience in the way it processes payments.”

Roland Toch, Managing Director CEE at Wirecard, added, “New approaches in omnichannel marketing are becoming increasingly vital to sales success. With multiple customer touchpoints, it is important to also take their different purchasing preferences into account. We are pleased to be able to support RINGANA in this respect with comprehensive digital payment integration. With our flexible payment solutions, we will continue to drive the digital transformation of the retail sector in a positive direction.”

By innovatively and successfully addressing high-end consumers, RINGANA is a good example of this – as the growth in annual sales to 80 million euros in 2018 shows. In addition, the Austrian company sets standards for sustainability in production, products, packaging and distribution.

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https://www.wirecard.com/company/press-releases/wirecard-collaborates-with-ringana-for-further-digitization-of-the-cosmetics-pioneerThu, 17 Jan 2019 08:00:00 +0100
7793<![CDATA[Wirecard expands cooperation with leading hypermarket chain "real" in omnichannel payments]]>

Wirecard, the global innovation leader for digital financial technology, is expanding its cooperation with the leading German hypermarket chain real.

Since 2017, Wirecard has been enabling credit card payments on real’s online marketplace, a trading platform for real’s own products and those of external merchants. The company will also process digital payments in the online grocery shop. Here, consumers can order fresh food online and pick it up in participating markets or have it delivered directly to their homes at their desired time. Thanks to the Wirecard platform, real offers its customers not only fast and simple payment options, but also a convenient, consistent omnichannel shopping experience through combining several channels.

The gross value of goods bought and sold via the real.de marketplace platform grew by 90 percent to 380 million euro in fiscal year 2017/18. In the eFood segment, real offers around 30,000 articles, more than any other competitor in the German food retail sector.

Dr. Gerald Schönbucher, Managing Director of real.digital, said, “We see a lot of potential in the eFood segment and are continuing to expand this business. The advantages are obvious: stress-free shopping without queues or crowds. This type of shopping offers many advantages, especially for employees with long working hours, parents with little time or pensioners who are no longer as mobile as they used to be. We are very pleased to be able to offer our customers in Germany an even better and more convenient shopping experience thanks to Wirecard’s digital solution.”

Christian Reindl, Executive Vice President Sales Consumer Goods at Wirecard, added, “The share of food purchases via digital distribution channels is steadily increasing. We want to take advantage of this positive development and digitize retailers’ business models. With our technology and digital expertise, we can help companies like real not only improve their digital payment processes, but also ensure an optimal shopping experience for customers across all sales channels.”

More and more customers are buying food online. For example, the growth rate in online food shopping in Germany was 17.5 percent in 2017, according to the German Retail Association HDE. Goods from the entire Fast Moving Consumer Goods (FMCG) segment generated sales of around 3.9 billion euros in the same year.

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https://www.wirecard.com/company/press-releases/wirecard-expands-cooperation-with-leading-hypermarket-chain-real-in-omnichannel-paymentsTue, 15 Jan 2019 08:00:00 +0100
7795<![CDATA[Wirecard digitizes intermodal transport with Deutsche Bahn Digital Ventures Qixxit]]>

Qixxit users can now pay for their cross-country trips directly in the appBy integrating Apple Pay, Wirecard offers all Qixxit users more flexibility in digital payments

Wirecard, the global innovation leader for digital financial technology, is driving the digitalization of the travel industry and enabling digital payments for the Qixxit mobility platform. Qixxit is part of Deutsche Bahn Digital Ventures GmbH and is an intermodal mobility portal. Within seconds, Qixxit compares the three main methods of transportation for trips – train, long-distance bus and plane – in a search query and combines the connections to create a correlated journey chain. Thanks to Wirecard, customers can use Apple Pay as a new payment method for in-app payments. By integrating Apple Pay, Wirecard offers all Qixxit users more flexibility in digital payments. Currently, around 500,000 people already use the Qixxit service on a regular basis.

The organization and booking of trips via browser or app is becoming increasingly popular. Worldwide, the eTravel market is expected to grow by over 30 percent to a total sales volume of almost one billion euros by 2023. In this context, the online mobility services segment currently holds the largest share with more than 400 million euros worldwide.

“We have continuously developed our travel app over the last few months and geared it to the needs of our users and their feedback. Travelers want a service that offers everything in one place: smart connections, transparent fares and tickets. Together with our new partner Wirecard, we are proud to be one of the first eTravel providers to offer Apple Pay as a digital payment method,” says Stefan Kellner, CEO of Qixxit.

Jan Rübel, Head of Sales Travel & Transport at Wirecard, adds, “We are excited to partner with Qixxit to offer hundreds of thousands of users an innovative and convenient booking experience. The topic of intermodal mobility is setting a trend for the entire industry. Mobility services providers can benefit from Wirecard’s platform, in order to digitize more and more processes in the travel industry.”

For more information on intermodal transport and the future of mobility, please visit our blog.

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https://www.wirecard.com/company/press-releases/wirecard-digitizes-intermodal-transport-with-deutsche-bahn-digital-ventures-qixxitWed, 09 Jan 2019 08:00:00 +0100
7797<![CDATA[Wirecard and Ctrip, China’s largest travel company, launch multi-currency Visa cards]]>

The Ctrip branded Visa cards will be issued by Wirecard, and offered to all Chinese Ctrip customersCards can be loaded with seven different currencies, eliminating need to convert currency abroad Need for cash while traveling is reduced, furthering the trend of digital cashless payments

Wirecard, the global innovation leader for digital financial technology, and Ctrip, the largest online travel agent in China, today announced the launch of multi-currency Visa cards, which support seven of the most widely-used currencies, eliminating the need to exchange currency abroad and travel with excessive amounts of cash on hand. The Ctrip branded Visa cards will be issued by Wirecard, and offered to all Chinese Ctrip customers. Ctrip currently has 110 million active monthly users in China.

Ctrip, a NASDAQ listed company and owner of multiple travel sites including Skyscanner, connects customers to hotels, transportation providers, and tour services around the world. The cooperation with Wirecard will facilitate digital cashless payments abroad for Chinese customers: the card is convenient, easy to use, and accepted worldwide. In addition, the card supports currencies from the most-visited regions of the world: Australia, Hong Kong, Japan, Singapore, the UK, US and the Eurozone. The card is available to Ctrip customers who are Chinese citizens.

The launch comes at an opportune time, as the rate of international travel increases among Chinese citizens. According to statistics from the China National Tourism Administration, Chinese travelers made about 131 million international trips in 2017, with that number expected to increase to 200 million by 2020. In addition, a study by Nielsen and Alipay found that Chinese tourists exhibit strong purchasing power, spending the most firstly on shopping, followed by accommodation, and lastly dining. Based on these trends, the multi-currency Visa prepaid card presents an innovative and smart solution that meets the demands of international travelers.

“As a traveler, it is essential that you are able to pay in a way that is convenient, secure, and widely-accepted,” said Zhengmao Hu, VP at Ctrip. “And it is for this reason that we are confident that our solution with Wirecard will be a welcome innovation for the millions of Chinese tourists who enjoy international travel. Wirecard’s expertise in digital multi-currency payments was instrumental in bringing this innovation to life, which we are now proud to add to our portfolio.”

“We are thrilled to be partnering with one of the world’s largest online travel agents, and to be bringing our multi-currency payment solution to a fast growing market segment in China,” said Arne Matthias, EVP Issuing at Wirecard. “Developing this tailored solution to the needs of Chinese Ctrip customers shows our large opportunities as the leading provider of digital financial technology. We look forward to expanding our partnership with Ctrip to further develop innovative and cutting edge payment solutions.”

“Multi-currency Visa cards give consumers a convenient, secure way to pay whenever they travel, with the added benefits of certainty of exchange rates and breadth of acceptance that Visa provides,” said Hamish Moline, Head of Digital Partnerships, Asia Pacific, Visa. “We are excited for Ctrip customers to have this new Visa payment option in partnership with Wirecard.”

To learn more about multicurrency travel cards, read our blog article "5 Reasons why Travel Cards are a Highly Attractive Solution - both for Banks and Travel Businesses".

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https://www.wirecard.com/company/press-releases/wirecard-and-ctrip-chinas-largest-travel-company-launch-multi-currency-visa-cardsMon, 07 Jan 2019 08:00:00 +0100
7799<![CDATA[Wirecard and Cimple Marketing partner to offer Alipay for Venue Retail Group]]>

Wirecard, the global innovation leader in digital financial technology, has announced a cooperation with Cimple Marketing to offer Alipay at stores operated by Venue Retail Group – one of the leading fashion and accessories enterprises in Sweden. Venue Retail Group currently operates 124 stores in Sweden and Norway, offering its customers a wide range of fashion products through their four different concept brands Accent, Morris, Rizzo and NK Shoes & Accessories. By giving Chinese guests the opportunity to use their domestic payment method, the stores operated by Venue Retail Group will become an attractive shopping destination for Chinese visitors.

Nearly 12.4 million Chinese travelers visited Europe in 2017, which makes them the biggest traveling nation worldwide. This number is expected to reach 20.8 million by 2022, showing a growth of 68%. Luxury goods such as designer handbags, shoes and apparel are the most in-demand products with Chinese tourists. During their trip, Chinese guests spend an average of over EUR 3,000 per person on shopping. Based on the experience of other Wirecard customers, offering Alipay as a new payment method can lead to an increase of more than 350% in the total transactions by Chinese tourists within one year. Thanks to Wirecard’s cooperation with Cimple, a specialist in marketing to the Chinese market, Venue Retail Group is able to engage a continuously growing and promising target group.

Jonas Stille, Sales Director at Venue Retail Group, said, “China is one of Sweden’s fastest-growing sources of tourists. More Chinese visitors are turning from traditional sightseeing to in-depth traveling, seeking to experience the local lifestyle – including shopping. We are pleased to work with Wirecard and Cimple to offer the new payment method.”

Thomas Wecke, Co-Founder of Cimple Marketing, added, “Our aim is to help retailers in Sweden to improve their understanding for Chinese target groups and to bring the world’s largest traveling nation to Swedish shopping destinations. Together with Wirecard, our partner for digital payment technology, we are glad to strengthen the connection between European retailers and Chinese travelers.”

Michael Brinkmann, Executive Vice President Partner Management at Wirecard, commented, “Chinese travelers are a huge target group with an enormous sales potential for European merchants. By offering Alipay as a fully digital payment method, European retailers are able to significantly increase both customer satisfaction and, consequently, their sales figures as well. With this new partnership, Wirecard shows its global reach with local competence.”

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https://www.wirecard.com/company/press-releases/wirecard-and-cimple-marketing-partner-to-offer-alipay-for-venue-retail-groupThu, 27 Dec 2018 07:30:00 +0100
7801<![CDATA[Wirecard expands cooperation with leading communications group Singtel]]>

Wirecard, the global innovation leader in digital financial technology, has deepened its partnership with Dash from Singtel, the leading Asian telecommunications group. From now on, Dash’s customers can make payments using Apple Pay at millions of participating on- and offline merchants worldwide.

Brigitte Haeuser-Axtner, Executive Vice President, Sales Asia, Digital & Telecommunications at Wirecard, said, “As leaders in digital financial technology, we are proud to work with Singtel to bring Dash to an even larger group of potential customers with Apple controlling almost half of Singapore’s mobile OS market. Together we look forward to connecting even more consumers with merchants around the globe. Asia continues to be the leader of the digital payments revolution worldwide, and we are excited to be at the forefront of these innovations.”

“With the increasing popularity of mobile and online payments, Dash enables easy, secure and seamless payment options between our partner merchants and our more than half a million Dash customers on the platform of their choice,” said Gilbert Chuah, Head of mCommerce at Singtel. “Our expanded partnership with Wirecard to bring Dash to Apple Pay reflects our commitment to enhance the digital payment experience for both merchants and customers.”

Singtel Dash is Singapore’s only all-in-one digital wallet which provides a safe and secure mobile payments solution for shopping, commuting, and remitting money. Dash’s Visa Virtual Account is the first of its kind in Singapore and was introduced in 2017.

The inclusion of Dash into Apple Pay complements the increasing popularity of online shopping in Singapore. Wirecard’s 2018 International Holiday Shopping Report found that 67% of Singaporeans surveyed prefer shopping online, either via desktop or mobile, while 20% prefer shopping in-store. The ability to use mobile payments in-store is also a welcome innovation with 51% of respondents saying it improves their shopping experience.

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https://www.wirecard.com/company/press-releases/wirecard-expands-cooperation-with-leading-communications-group-singtelThu, 20 Dec 2018 08:00:00 +0100
7803<![CDATA[Wirecard wins DHgate as a customer for international e-commerce]]>

DHgate records one transaction every 3 seconds on global e-commerce sitesWirecard will provide acquiring services for DHgate’s exclusive partner Camel Financial

Wirecard, the global innovation leader in digital financial technology, and DHgate, the world’s largest online wholesale marketplace, have entered into a partnership to enable digital payments outside of China. DHgate is the leading Chinese B2B and B2C e-commerce platform. Both businesses and individual consumers can buy goods directly from factories at a lower price than retail. Wirecard will provide acquiring services to Camel Financial, the exclusive financial solution partner to DHgate, enabling the acceptance of a wide range of payment methods for goods offered on the DHgate platform.

DHgate is used by 1.6 million suppliers globally, connecting them to more than 10 million enterprise buyers as well as 16 million consumers from over 230 countries and territories. DHgate is especially dedicated to serving small and medium sized retailers globally, offering a one-stop solution for businesses seeking to reach a global customer market. DHgate integrates the whole ecosystem from international logistics to payment. As a result, the entry barriers for SMEs to compete in global markets are lowered.

More than 30 million products are available on DHgate, covering a wide range of categories, including apparel & accessories, computers & networking, consumer electronics, toys & hobbies, health & beauty, auto and more. DHgate records one transaction every 3 seconds. In addition to payment services, Wirecard will also support Camel Financial with lending and factoring services in the future.

“We are delighted about the new cooperation with Wirecard as we always strive to meet the financial needs of e-commerce and trade enterprise customers,” said Juanita Lee, Director of Global Partnerships at Camel Financial. “Our integration into Wirecard’s payment ecosystem and technical infrastructure will allow us to continue exceeding the expectations of our clients, and to create a more open and connected international trade network.”

“There is tremendous potential in partnering with Camel Financial and bringing our digital solutions to DHgate, a leading global e-commerce platform,” added Georg von Waldenfels, EVP of Group Business Development at Wirecard. “As the leader in digital financial technology, we are proud to offer our solutions to millions of suppliers and merchants on the DHgate platform, and are looking forward to jointly developing further services with Camel Financial for DHgate as well as other Chinese and international e-commerce sites.”

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https://www.wirecard.com/company/press-releases/wirecard-wins-dhgate-as-a-customer-for-international-e-commerceMon, 17 Dec 2018 08:00:00 +0100
7805<![CDATA[Wirecard provides omnichannel voucher solution for apparel manufacturer OLYMP]]>

Wirecard, the global innovation leader for digital financial technology, is taking over the issuing of voucher cards for OLYMP Bezner KG throughout Europe with immediate effect. The German market leader for men's shirts uses Wirecard's platform to offer voucher cards both physically in all OLYMP stores and in digital form via its online shop. OLYMP is thus strengthening customer loyalty and enabling an even more convenient shopping experience in-store and online at OLYMP.COM.

“Our technology offers a flexible solution for digitizing payment processes,” says Vanda Astfäller, Head of Sales Consumer Goods at Wirecard. “With OLYMP, we have gained one of the leading German apparel manufacturers as a customer to jointly implement a digital omnichannel voucher program. We are very much looking forward to expanding the cooperation in the future.”

“We are constantly striving to grow our range of services and our customer service. The integration of vouchers and gift cards is only one of many possibilities,” says Mark Bezner, Managing Partner of OLYMP Bezner KG. “Implementation and ongoing processing efforts will be reduced to a minimum thanks to our technology partner Wirecard.”

In the voucher program, Wirecard activates the vouchers when they are purchased and takes care of providing the vouchers ordered in the web shop. The physical vouchers are available in Austria, Germany, Italy and the Netherlands. Digital vouchers are available in Austria, Belgium, France, Germany, Luxembourg and the Netherlands.

Vouchers and gift cards are becoming increasingly popular in retail. According to the German research and education institute EHI, almost 90% of large and 45% of medium-sized retailers issued their own voucher cards in 2017. As a result, merchants benefited from increased customer loyalty, new customer acquisition, and higher revenues with fewer exchanges. Wirecard's digital cross-border solutions enable merchants of all sizes to provide voucher solutions.

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https://www.wirecard.com/company/press-releases/wirecard-provides-omnichannel-voucher-solution-for-apparel-manufacturer-olympThu, 13 Dec 2018 08:00:00 +0100
7807<![CDATA[Google Pay is now available for all boon users in France]]>

Wirecard, the global innovation leader in digital financial technology, is making its mobile payment solution boon available to download in the French Google Play store to tie in with the launch of Google Pay in France. As a result, according to Statista more than 38 million Android smartphone users in France will benefit from a fully digital application for mobile payment, regardless of which bank they use.

For a long time, new payment methods have not been accessible to all consumer groups. Here, a significant growth opportunity has opened up for the entire sector. Last year, 64% of French consumers stated that they make mobile payments. Google Pay users in France will immediately be able to make secure, contactless payments via their cell phone at the checkout: With the Android app, boon customers can simply add their digital Mastercard to Google Pay. boon enables every Android smartphone user to sign up in a few minutes and then securely pay with boon and Google Pay. Users simply take their cell phone, hold it over the till terminal – without even having to open up the app – and the payment is complete.

In addition, the boon app provides a transaction overview in real-time as well as P2P transfers. The digital Mastercard can also now be used for online payments.

Georg von Waldenfels, Executive Vice President Consumer Solutions at Wirecard, says, “We are delighted that, with Google Pay now being launched in France, we will be able to bring boon’s advantages to as many consumers as possible, right from the start. boon participating in the launch of Google Pay in France will drive the digitization of payments further forward, and in doing so will make payment as simple as possible.”

Florence Diss, Head of EMEA Commerce Partnerships at Google, adds, “As of today, customers will be able to link their boon digital cards to Google Pay and make payments securely, quickly and hassle-free at millions of locations in France and all over the world, as well as on their favorite apps and websites.”

The boon account can be loaded using all Visa or Mastercard variants as well as via bank transfer. As a result, it is not necessary to already own a credit card from a bank supported by Google Pay.

boon is the industry’s first fully digitized mobile payment solution and can be used independently of banks and telecommunications providers. In addition to France, boon is already available on Android end-devices in Austria, Belgium, Germany, Ireland, Italy, the Netherlands and Spain. The app is also available in France, Germany, Ireland, Italy, Spain, Switzerland, and the UK using iOS.

Further details can be found at: www.beboon.com

To download boon, please click here.

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https://www.wirecard.com/company/press-releases/google-pay-is-now-available-for-all-boon-users-in-franceTue, 11 Dec 2018 11:00:00 +0100
7809<![CDATA[Apple Pay Coming to boon’s Customers in Germany]]>

Wirecard, the global innovation leader in digital financial technology, today brings its German boon customers Apple Pay, which is transforming mobile payments with an easy, secure and private way to pay that’s fast and convenient.

Wirecard consequently drives forward the digitization of payments to approach new consumers. As of now, the iOS boon app is available at the App Store to users of iOS devices in Germany. Which makes it possible for everybody to use Apple Pay instantly. Users can top up their boon account using any Mastercard or Visa credit card and via bank transfer. As a result, it is not necessary to already own a credit card from a bank supported by Apple Pay.

Security and privacy is at the core of Apple Pay. When you use the boon card information with Apple Pay, the actual card numbers are not stored on the device, nor on Apple servers. Instead, a unique Device Account Number is assigned, encrypted and securely stored in the Secure Element on your device. Each transaction is authorized with a one-time unique dynamic security code.

Georg von Waldenfels, Executive Vice President Consumer Solutions at Wirecard, says, “We welcome today’s launch of Apple Pay in Germany. We are delighted to now offer boon via Apple Pay to all owners of an Apple device. Together with Apple Pay, we are further enhancing the user experience for consumers and thus advance the digitization of payment processes globally.”

Apple Pay is easy to set up and users will continue to receive all of the rewards and benefits offered by credit and debit cards. In stores, Apple Pay works with iPhone SE, iPhone 6 and later, and Apple Watch.

Online shopping in apps and on websites accepting Apple Pay is simple with Touch ID, or just double-click the side button and authenticate with a glance with Face ID. There’s no need to manually fill out lengthy account forms or repeatedly type in shipping and billing information with Apple Pay. When paying for goods and services in apps or Safari, Apple Pay works with iPhone 6 and later, iPhone SE, iPad Pro, iPad (5th Generation and later), iPad Air 2, and iPad mini 3 and later. You can also use Apple Pay in Safari on any Mac introduced in or after 2012 running macOS Sierra and confirm the payment with iPhone 6 or later or Apple Watch, or with Touch ID on the new MacBook Pro and MacBook Air.

For more information on Apple Pay, visit: https://www.apple.com/apple-pay/

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https://www.wirecard.com/company/press-releases/apple-pay-coming-to-boons-customers-in-germanyTue, 11 Dec 2018 06:30:00 +0100
7811<![CDATA[Wirecard and Malaysia’s largest retail conglomerate Berjaya extend cross-border loyalty]]>

After the successful launch of the B Infinite mobile app in Malaysia in 2016, there are close to 250,000 B Infinite mobile app users to-date Wirecard’s mobile application and latest cross-border loyalty platform allow B Infinite to comprehensively drive brand loyalty by offering users a variety of ways to earn and redeem points and enjoy other forms of rewards and recognition

Wirecard, the global innovation leader in digital financial technology, and Berjaya, one of Malaysia’s largest retail conglomerates with a wide range of interests across various business sectors, have today announced that they are expanding their cooperation in the Asia-Pacific region with the first fully digital cross-border loyalty program, B Infinite. A proven success of the two parties’ collaboration that was initiated in 2016, the B Infinite loyalty program will debut in Singapore this week. The Philippines will follow suit in early Q2/2019.

The B Infinite loyalty program gives users the ability to earn and pay with loyalty points, view latest local partners’ “flash deals”, perform card payment via Masterpass card-on-file functionality and enjoy the convenience of in-app purchase and redemption. There are close to 250,000 B Infinite mobile app users to-date.

Implemented in phases, Wirecard’s cross-border offering will facilitate B Infinite’s ability to run the program across different countries and currencies, thereby enhancing the customer experience – all through one platform. Users simply have to use smartphones to redeem their digital points or vouchers wherever B Infinite is present, regardless of where they were originally issued or where the customer lives. The solution clearly reflects Wirecard’s vision of enabling fully digitalized, borderless payments. Malaysian users can expect to be the first to enjoy the cross-border functionality in Q2 2019.

Upon full implementation, travelers will find their journeys and stays more rewarding with B Infinite as not only will they be able to earn and redeem loyalty points seamlessly, according to their needs and their location, but also enjoy more privileges, discounts and rewards for their loyalty and regular usage. Merchant partners can also look forward to engaging with an expanded base of regional consumers and online shoppers.

Yau Su Peng, Director, Retail and Innovation at Berjaya Corporation, said, “The success of our partnership with Wirecard in Malaysia demonstrates the endless possibilities that can be achieved when the right combination of expertise comes together. On that basis, the next logical step was to expand our digital footprint into key South East Asian markets beginning with Singapore and the Philippines where we already have other interests. When fully realized, B Infinite will be able to offer partners the collective strength of its Malaysia user base including over 7 million members from its original card-based program plus a base of app users from these two new markets.”

Jörn Leogrande, Executive Vice President Value-Added Services at Wirecard, added, “We are delighted to be continuously expanding our collaboration with Berjaya and bringing B Infinite to more and more countries in Asia, a region which has emerged as an area for not only much economic development generally, but also the digital revolution that is sweeping through the globe.”

B Infinite Singapore, powered by Wirecard, will feature food & beverage and retail brands, which includes Carl’s Junior, Naiise, Jollibean, Kopi Alley and Sushi Deli. Other categories such as e-commerce and malls will soon follow suit. Available via mobile app only, it is downloadable as B Infinite SG from both the App Store and Google Play store. B Infinite SG users can earn B Points when they make purchases and will be able to redeem accumulated points with these partners. More features will be added as the network grows such as location-based offers and detailed real-time overview of their B Points, balance and purchases, allowing them to have better control and freedom over their own rewards experience.

New B Infinite Singapore members will enjoy a sign-up bonus of 500 B Points.

For further information on how B Infinite works, please watch our video.

To learn more about cross-border loyalty programs and how they can empower your business, download our free white paper.

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https://www.wirecard.com/company/press-releases/wirecard-and-malaysias-largest-retail-conglomerate-berjaya-extend-cross-border-loyaltyMon, 10 Dec 2018 08:00:00 +0100
7813<![CDATA[Wirecard expands long-standing collaboration with CEE's largest low-cost carrier Wizz Air]]>

Wirecard, the global innovation leader for digital financial technology, is expanding its long-standing collaboration with Wizz Air, the largest low-cost carrier of Central and Eastern Europe. From now on, Wirecard will be offering payment processing services in addition to acquiring services via via the IT platform of Navitaire, an Amadeus company. With this, Wizz Air is the first low-cost carrier to benefit from Wirecard’s flexible omnichannel services via Navitaire’s platform that enables a seamless booking experience and the Amadeus Xchange Payment Platform. Thanks to the extension of the strategic partnerships, Wirecard is strengthening its position in the field of low-cost airlines starting with Wizz Air as the first joint customer.

For consumers, low-cost carriers (LCC) have become a popular alternative to traditional scheduled airlines over the last two decades. LCC has been the fastest growing market in the European aviation segment. From 2007 to 2016, low-cost flights grew by 61%, from 5,200 flights per day to around 8,400 flights.

Over the past 14 years, Wizz Air has become the largest low cost carrier in Central and Eastern Europe. With a total of more than 180 million passengers to date, the listed airline increased its passenger volume by 20% in the past 12 months. Wizz Air currently offers more than 600 routes to 44 countries in Europe and beyond. With the help of its ever-growing route network, Wizz Air is democratizing air travel by offering low fares paired with an excellent on-board experience.

Eckart Reiche, VP Sales Airlines at Wirecard, said, “Low-cost carriers have a great growth potential. Therefore, we will keep expanding our position in this segment. We are proud to continuously expand our long-standing agreement with Wizz Air to support them with our expertise in the field of digital payments.”

Andràs Sebők, Head of Fleet Acquisition and Corporate Finance at Wizz Air, said, “After two years of successful cooperation, we are glad to extend our collaboration with Wirecard through Navitaire relying on their long-term expertise in the field of digital financial technology in the airline industry. Our aim is to provide our customers with a high-tech checkout experience continuously fulfilling the needs of our growing digital target groups.”

Watch this video to see how Wizz Air customers are profiting from a seamless travel experience.

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https://www.wirecard.com/company/press-releases/wirecard-expands-long-standing-collaboration-with-cees-largest-low-cost-carrier-wizz-airThu, 06 Dec 2018 08:00:00 +0100
7815<![CDATA[Wirecard and lastminute.com extend partnership to offer multi-currency Visa cards for travelers]]>

The partnership allows cardholders to load multiple currencies onto the lastminute.com Visa Card, avoiding currency conversion fees Prepaid lastminute.com Visa Cards will be issued by Wirecard and can be used at millions of acceptance points worldwide

Wirecard, the global innovation leader for digital financial technology, has extended its partnership with lastminute.com to offer multi-currency Visa Cards. The two companies have been collaborating in the field of acquiring as well as Supplier and Commission Payments (SCP) for subsidiaries of lastminute.com for several years. The new solution, known as the lastminute.com Visa Card, will allow travelers from next week onwards to pay in the local currency at millions of acceptance points worldwide, avoiding currency conversion fees. The widely-accepted Visa card will be also quickly reloadable, making it as convenient as possible for users to leverage on the cheapest exchange rates while traveling.

As issuer of the lastminute.com Visa Card, Wirecard will support main functions including card activation and reloading via the mobile app. In the lastminute.com dedicated, branded app, cardholders can manage their expenses via the multi-currency dashboard, view their transaction history, carry out wallet-to-wallet transfers, and even lock their cards if necessary.

Kathrin Klausa, Head of Product Management Sales Travel at Wirecard says, “As the global innovation driver for digital financial technology, it is essential to us to reduce barriers when paying electronically and digitally in a foreign currency. Offering digital solutions together with Visa and lastminute.com to make payments abroad easier is very exciting for us. Our extended partnership with lastminute.com shows our innovative drive and attention to the needs of the international travel market.”

Sergio Signoretti, Chief Financial Officer at lastminute.com comments, “As we celebrate our 20th anniversary this year we are delighted to announce this modern and convenient payment solution backed by our trusted partners Wirecard and Visa, which will go a great way to enriching the lives of travelers. We want the card to become the preferential payment method on our properties to help the 10 million monthly users of our website save money and our lm cardholders gain exclusive advantages when using the card. We look forward to cooperating further with Wirecard in developing smart and innovative travel solutions for the next twenty years and further.”

The lastminute.com Visa Card will offer many benefits to both novice and experienced travelers: cardholders will be able to use their cards to pay around the globe, while uploading it in British Pounds, US Dollars, and Euros. In addition, they will be able to use the cards to withdraw cash from Visa-branded ATMs and to complete online purchases. Additionally, the cooperation will enable travelers to take advantage of more competitive exchange rates and to travel cash-free. Finally, the lastminute.com Visa Card will offer some exclusive voucher rewards for early adopters of the card that can be used for their next trips – with a maximum of £250 in vouchers potentially up for grabs (t&cs apply).

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https://www.wirecard.com/company/press-releases/wirecard-and-lastminute-com-extend-partnership-to-offer-multi-currency-visa-cards-for-travelersTue, 04 Dec 2018 08:00:00 +0100
7817<![CDATA[Wirecard offers unique fully digital global loyalty solution]]>

Wirecard’s digital loyalty portfolio also includes a coalition program across multiple brands to drive ancillary merchant revenueWirecard expects to generate more than EUR 100 million in additional revenue in the next 12 to 18 months from new and existing partnerships in this area

Wirecard, the global innovation leader in digital financial technology, has expanded its value added services portfolio with a unique digital global loyalty solution. Wirecard’s cross-border offering facilitates loyalty programs that can be run across different countries and currencies enhancing the customer experience – all through one platform. Merchants can allow their customers to use their smartphone to redeem their digital points or vouchers across the globe, regardless of where they were originally issued or where the customer lives. The solution is available to companies worldwide in any industry and supports Wirecard’s vision of enabling fully digitalized, borderless payments.

The global loyalty management market is rapidly expanding. According to Orbis Research, it is expected to grow with a compound annual growth rate of 25% to reach $7.3 billion by the end of 2022. By partnering with Wirecard to launch a cross-border loyalty scheme, merchants are able to take advantage of this potential and grow their businesses by attracting more international customers and engaging with residents of any country. The solution supports multiple currencies and conversion rates. Customers can earn and redeem their digital points or vouchers in any country. Wirecard expects to generate more than EUR 100 million in additional revenue in the next 12 to 18 months from new and existing partnerships in this area.

The cross-border solution is the latest addition to Wirecard’s platform in the area of value added services which also includes a coalition loyalty product. In this case, merchants can enable their customers to earn and redeem points across multiple brands and industries. This creates compelling added value for the customer and in turn drives ancillary revenue growth for the merchant.

“In a recent international Wirecard survey, almost one in five respondents said a loyalty or rewards scheme was one of the top three factors in whether or not they would become a return customer, ranking higher than customer service and discounts in some countries”, said Jörn Leogrande, EVP Value Added Services at Wirecard. “At the same time, we identified borderless payments as one of the six global megatrends which are driving the payment world. Our cross-border loyalty scheme enables merchants to take advantage of both trends while positioning themselves at the forefront of digital transformation and providing even more value to customers.”

To learn more about cross-border loyalty programs and how they can empower your business, download our free white paper.

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https://www.wirecard.com/company/press-releases/wirecard-offers-unique-fully-digital-global-loyalty-solutionThu, 29 Nov 2018 07:45:00 +0100
7819<![CDATA[Wirecard integrates Chinese payment methods with long-established Faber-Castell]]>

Wirecard records with Chinese payment methods at individual merchants transaction volumes of up to EUR 10 million per month

Wirecard, the leading global innovation driver in digital financial technology, together with its partner Safety Tax Free, has won the long-established German company Faber-Castell as a customer for the integration of Chinese payment solutions. Wirecard provides Faber-Castell, one of the world’s leading providers of writing materials and stationery, with a fully digitalized payment approach for some of the most popular Chinese payment methods, including Alipay.

The partnership benefits Chinese customers, who can now pay in Faber-Castell brand shops in Germany as if they were in their home country, without having to exchange money. In addition, they can also take advantage of special offers and coupons. Introducing fully digitalized payment methods is lucrative for merchants and suppliers. For example, Wirecard records with Chinese payment methods at individual merchants a transaction volume of up to EUR 10 million per month.

Faber-Castell, which was founded in 1761, is one of the oldest industrial companies in the world and has been family-owned for nine generations. The digital payment solution will initially be launched in Faber-Castell’s four brand shops: in Frankfurt, Düsseldorf and Hamburg, and at the Faber-Castell castle in Stein near Nuremberg. Thanks to Wirecard’s digital solution, Chinese customers will also benefit from higher VAT refund rates thanks to Safety Tax Free.

Chengyuan Zhai, Founder and Managing Director of Safety Tax Free, said, “The joint solution with Wirecard accepts mobile payment methods such as Alipay and allows shoppers from China to create digital and fully completed refund forms with just one click. This completely eliminates the need to fill out tax refund forms by hand and stand in line at the airport. Customers save time and the amount is transferred within a few days directly for example to the desired Alipay account in the local currency – without exchange costs – which further increases customer satisfaction.”

Catharina Tiede, Head of Partner Management Consumer Goods at Wirecard, added, “Chinese tourists are world travel champions, and therefore the potential for Faber-Castell and other European retailers is enormous. We are pleased to support the traditional Faber-Castell brand in taking a step towards digitized payment by equipping the brand shops with our innovative and practical payment solution.”

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https://www.wirecard.com/company/press-releases/wirecard-integrates-chinese-payment-methods-with-long-established-faber-castellMon, 26 Nov 2018 08:00:00 +0100
7821<![CDATA[Wirecard digitizes payment processes for LATAM Airlines]]>

Wirecard, the global innovation leader in digital financial technology, will enable the LATAM Airlines Group, Latin America's largest airline with a current fleet of 312 aircraft and 67 million passengers a year, to offer passengers quick and hassle-free compensation using payout cards in the event of flight disruptions or delay, without cash handling. As of now, affected LATAM Airlines passengers at numerous European airports will receive IROP (Irregular Operations) cards issued by Wirecard to compensate for any disruptions on their journey.

IROP cards enable LATAM passengers to receive compensation for unforeseen circumstances not only quickly and easily, but also in line with the legal regulations that apply in each case. These payout cards are issued to affected passengers and digitally loaded with the applicable amount. Before, large sums of cash had to be dealt with and lengthy, sometimes expensive, transfers had to be carried out. Now, these intuitive payout cards are the perfect compensation alternative for the airline. Passengers can use them to withdraw cash, pay at the point of sale and for online shopping.

Sandra Schlebusch, Finance Manager Europe at the LATAM Airlines Group, said, "Delays and disruptions can never be completely avoided in air travel. In these cases, it is very important to us that we quickly help affected passengers without any unnecessary bureaucracy. The new IROP cards that Wirecard has developed for us are the perfect solution on account of their settlement flexibility. Wirecard's expertise in digital payment was an essential factor in successfully establishing the solution."

Jörg Möller, EVP Sales Travel at Wirecard, added, "The digitization of the airline industry is a major driver of growth. As a result, passenger expectations have significantly risen. Therefore, particularly with regards to a good customer experience, it is important for airlines to offer their customers modern digital solutions with clear added value. The airlines themselves are also benefiting enormously from the launch of IROP cards as they are saving a great deal of time in terms of administration, which results in cost savings as well. We are delighted to be digitizing payment processes for the LATAM Airlines Group."

According to current predictions, the number of flight passengers will nearly double to 7.8 billion worldwide by the year 2036. As passenger numbers rapidly grow, the risk to airlines of delays and cancellations grows with it. As a result, a hassle-free compensation process is currently an important defining characteristic in a very competitive market environment.

A quickly reloadable prepaid card is also a practical solution for airline employees: As well as IROP cards, Wirecard also offers “Crew Cards,” with which travel expenses can be paid quickly and directly to flight attendants and pilots.

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https://www.wirecard.com/company/press-releases/wirecard-digitizes-payment-processes-for-latam-airlinesThu, 22 Nov 2018 08:00:00 +0100
7823<![CDATA[Combination of digital and physical channels is key for consumers globally]]>

The report gives exclusive findings about omnichannel shopping behavior, mobile payments as the key tech trend for consumers globally and peak days like Black FridayKey finding: The vast majority (82%) of consumers uses multiple sales channels during the purchasing process and prefers to shop online or mobile (68%)Price, special offers and product quality are the main factors influencing the purchasing decision

Wirecard, the global innovation leader in digital financial technology, today presented the findings of the Wirecard International Holiday Shopping Report 2018. Over 3,000 consumers were surveyed about their shopping habits and preferences during the end of year holiday season and beyond. The results show a clear preference for digital shopping channels in combination with physical ones in order to benefit from fast availabilities online, compare prices and have a real experience in-store.

Markus Eichinger, Executive Vice President Group Strategy at Wirecard, said, “Today’s consumers are willing and able to shop around and compare offers before buying and are also open to trying new brands if they meet their needs. The Wirecard International Holiday Shopping Report 2018 clearly shows that merchants have to provide true shopping experiences via digital and physical channels in order to meet their customers wherever they decide to make a purchase, whether that be via an e-commerce site, a mobile app or in-store. We at Wirecard identified this trend early on and today drive forward and enable channel convergence within the framework of our digital commerce platform.”

Key findings:

• Black Friday is the single most significant shopping “event” internationally

39% of respondents globally say they plan to shop on Black Friday. In Brazil, the percentage of Black Friday shoppers is the highest (67%), followed by U.K. (40%), Germany (40%) and the U.S. (38%). Hong Kong was the only country not to have Black Friday in first position, consumers here prefer to take advantage of Boxing Day sales (33%), which is very common in some Asian markets and South Africa.

• The holiday shopping season is a popular time to try new shops and items

This is a popular time for consumers to try out new stores or websites with over three quarters (77%) of respondents globally saying they would be likely or very likely to do so. In all countries surveyed, respondents said they spent the most money on clothing and accessories (58%), electronics (56%) and toys and games (38%).

• Consumers consider mobile payments the top shopping-related technology trend

Globally, consumers would most like to see mobile payment solutions implemented to improve their buying experience (46%). This was followed by virtual or augmented reality (26%) and artificial intelligence / machine learning (22%). In Brazil, shopping via voice recognition is highly regarded as well (30%).

• The vast majority shops digital

Over two thirds (68%) of consumers globally expect to make their purchases during the holiday season digitally either via a desktop site, mobile app, or mobile site. Overall, 18% plan to shop in traditional stores, with 22% of U.S. respondents planning to shop in a physical outlet, but only 8% of German consumers intend to do so.

• Consumers look for a true experience in-store

In all countries, the most important factor which would influence a consumer’s decision to shop in-store is price (59%), followed by quality of products (45%) and special offers or discounts (32%). The same three factors are the most influential when it comes to choosing to buy online. In the U.S., being able to see, test or try items before purchase was considered more important than in the other countries; in Brazil customer service on-site counts.

• Omnichannel is key for consumers globally

An enormous 82% of consumers globally said they were either likely or very likely to combine various channels during the purchasing process – with Malaysia proving particularly fond of cross-channel shopping (96%), followed by Brazil (92%). The overall reason for using a range of channels was to compare prices with over half of consumers (51%) stating this as their top answer.

Merchants can profit from the Wirecard platform, which allows them to easily combine their distribution channels and meet the needs of today's consumers. Wirecard offers a constantly expanding ecosystem of real-time value added services built around innovative digital payments.

For more information on the Wirecard International Holiday Shopping Survey 2018, please click here.

The Wirecard International Holiday Shopping Report 2018 is based on the results of an independent survey carried out by Wirecard in October and November 2018. A total of 3,193 consumers over the age of 18 in select countries like Brazil, Germany, Hong Kong, Malaysia, Singapore, the U.K. and the U.S. provided answers. Further information about the survey findings can be found in the full report.

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https://www.wirecard.com/company/press-releases/combination-of-digital-and-physical-channels-is-key-for-consumers-globallyTue, 20 Nov 2018 08:00:00 +0100
7825<![CDATA[Wirecard and Mastercard extend global card issuance to drive the cashless society]]>

Wirecard brings its expertise in digital financial technology to the new strategic partnership with Mastercard Prepaid Management Services (Prepaid Services)The partnership will drive the trend of the global digital cashless society via the issuance of prepaid cards and card programs

Wirecard, the global innovation leader in digital financial technology, and Mastercard, the global payments technology company, signed a strategic agreement to migrate their global issuing business. Wirecard will support Mastercard Prepaid Management Services (Prepaid Services), a leader in prepaid program management, with its long-standing expertise in global issuing services.

The strategic partnership will empower both companies to exploit the growth potential in the field of digital prepaid payment solutions. Together their existing and new prepaid solutions will deliver further payment choice to a broader audience, including: travel agencies and airlines for their customer holiday travel money, compensation or staff expenditure; governments looking for ways to disperse funds and benefits; and SMEs’ controlled payment functionality for employees.

Susanne Steidl, CPO at Wirecard, said, “As the leading innovation driver of digital financial technology, we are proud to announce the extension of our global strategic cooperation with Mastercard. Our ambition within this cooperation is to shape the future of the international payment market with tailor-made solutions for the specific industries. Mobile wallets are set to become the payment solution of choice worldwide and we are already enabling this kind of technology today.”

Fabrizio Burlando, President at Mastercard Prepaid Management Services, said, “As consumers, businesses and governments come to terms with the limitations and cost of cash, our focus is on providing real payment choice and convenience to audiences who have not been well serviced for their payment needs, and often resorted to using cash by default. To support our initiatives, we will leverage Wirecard’s long-standing expertise and international market knowledge in issuing services.”

The new partnership will drive the trend of the global cashless society via the issuance of prepaid cards and card programs. Prepaid Services have more than 20,000 selling locations with active programs in 23 countries worldwide. As a leading international player in the field of digital financial technology, Wirecard will support Prepaid Services with its global licensing footprint and expertise in issuing services. As a result of the partnership, consumers, businesses and organizations will be able to benefit from their prepaid solutions.

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https://www.wirecard.com/company/press-releases/wirecard-and-mastercard-extend-global-card-issuance-to-drive-the-cashless-societyFri, 16 Nov 2018 08:00:00 +0100
7827<![CDATA[Wirecard enables Stuttgart to be the first official China Pay City in Germany]]>

Around 50 locations in Stuttgart, including restaurants, retailers and museums, now accept Alipay and WeChat Pay, with many more to be added soonTourists can find Stuttgart attractions and points of interest on the Alipay and WeChat Pay apps

Wirecard, the global innovation leader in digital financial technology, today announced a partnership with Stuttgart-Marketing GmbH, the official tourism partner of the German state capital of Baden-Württemberg. The collaboration enables the use of the most popular Chinese mobile payment methods in establishments across the city. As a result, Chinese Alipay and WeChat Pay users can now pay with their preferred mobile payment methods in around 50 locations in Stuttgart, including restaurants and bars, museums, retail stores, and transportation services. The partnership is expected to continuously expand, encompassing many more businesses in the near future.

Wirecard and Stuttgart-Marketing are capitalizing on the needs and preferences of Chinese tourists in Germany. Stuttgart is the first city in Germany to position itself as a China Pay City, with the aim of offering the Alipay and WeChat Pay payment solutions in as many locations frequented by Chinese travelers as possible.

Tourists using the Alipay and WeChat apps can find out more about a particular restaurant, hotel or shopping area with a profile in Mandarin, and be sure that they can pay for their meal and shopping items with their mobile payment apps. In addition, businesses can be looked up, reviewed, and featured in special discount sections within the apps. Wirecard will take over the full payment integration and processing, as well as support marketing activities, such as hosting in-app special offers and discounts.

Stuttgart remains among the most visited cities by Chinese tourists in Germany. In 2017, Chinese tourists made up the fourth largest foreign visitor market for Stuttgart, accounting for 65,000 overnight stays in the city. The initiative to become a China Pay City, supported by Wirecard, could be worthwhile for more German cities: China remains among the most important source markets for inbound tourism in Germany, with 2.9 million overnight stays in 2017.

“We are proud to be able to offer Chinese mobile payment methods in local businesses on a wide scale, and look forward to encouraging more and more companies to join our initiative,” commented Armin Dellnitz, Managing Director of Stuttgart-Marketing. “China continues to be a growth market for tourism in Germany as a whole – and also in Stuttgart. We are responsible for marketing Stuttgart as a travel destination and therefore see ourselves as the driving force and facilitator for the new payment systems. Wirecard’s support and expertise in the area of digital payments has been essential in implementing this innovative and forward-thinking solution.”

Marion Laewe, Vice President Sales, Consumer Goods at Wirecard, added, “Our one of a kind partnership with Stuttgart-Marketing is extremely exciting for us. The ability to bring fully digital solutions to hundreds of businesses in a city shows our innovative power in global digital payments, and our ability to be on top of the needs of the market. We look forward to growing our partnership with Stuttgart and further regions.”

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https://www.wirecard.com/company/press-releases/wirecard-enables-stuttgart-to-be-the-first-official-china-pay-city-in-germanyThu, 15 Nov 2018 08:00:00 +0100
7829<![CDATA[Wirecard's Quarterly Statement: Successful conclusion to Q3/9M 2018]]>

Transaction volume in 9M/18 increased by 44.2 percent Consolidated revenues increased by 41.4 percent EBITDA increased by 38.0 percentFree cash flow increased by 42.0 percentEBITDA 2018 guidance raised

Wirecard AG had an extremely successful third quarter and first nine months of the current 2018 fiscal year.

Transaction volumes processed through the Wirecard platform grew in the first nine months of 2018 by 44.2 percent to EUR 90.2 billion (9M/2017: EUR 62.5 billion). In this period, consolidated revenues increased by 41.4 percent to EUR 1.4 billion (9M/2017: EUR 1.0 billion). In the first nine months, earnings before interest, tax, depreciation and amortisation (EBITDA) increased by 38.0 percent to EUR 395.4 million (9M/2017: EUR 286.6 million).

In the third quarter of 2018, consolidated revenues for the Group increased by 34.8 percent to EUR 547.1 million (Q3/2017: EUR 405.9 million). EBITDA increased by 36.3 percent to EUR 150.1 million (Q3/2017: EUR 110.1 million).

Earnings after tax increased in the nine month period 2018 by 48.5 percent to EUR 250.2 million (9M/2017: EUR 168.5 million).

The cash flow from operating activities (adjusted) amounted to EUR 310.1 million. Free cash flow increased by 42.0 percent to EUR 257.3 million (9M/2017: EUR 181.2 million).

Wirecard CEO Dr. Markus Braun commented, “We expect strong business growth in both the fourth quarter of 2018 and also the coming 2019 fiscal year.”

In view of the strong business performance, the Management Board has increased its EBITDA forecast for the 2018 fiscal year to between EUR 550 million and EUR 570 million (previously EUR 530 million to EUR 560 million).

The Q3/9M 2018 Interim Report as of 30 September 2018 is available on the company’s website at: ir.wirecard.com/finanzberichte

Photos: wirecard.com/newsroom/imagefinder/

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https://www.wirecard.com/company/press-releases/wirecards-quarterly-statement-successful-conclusion-to-q3-9m-2018Wed, 14 Nov 2018 08:00:00 +0100
7831<![CDATA[Wirecard and givve enhance digital benefits to improve employee loyalty]]>

Wirecard, the global innovation leader for digital financial technology, and givve, a German FinTech company specializing on employee engagement and incentive solutions, expand their existing partnership in the field of digital employee benefits. The givve Mastercard is issued by Wirecard and can be used at 36 million points of acceptance worldwide. givve currently boasts over 8,500 corporate clients including Lindner Group and Mercateo, has issued almost 300,000 employee benefit cards via the Wirecard platform, and is currently selling 500 new cards a day. The Munich-based FinTech givve is one of the ten fastest growing technology companies in Germany and was recently acquired by Up group. As a result of the acquisition, the deployment possibilities for the joint solution can be extended from employee loyalty cards to include full loyalty programs and incentives.

Joanne Ridgway, Head of Account Management at Wirecard, said, “The advantages of digital benefit cards for both employers and employees range from concrete ones such as tax benefits to emotional ones such as loyalty and the feel good factor. In the US, we have been serving this market for many years, in which time the number of issued cards has grown by 75% while expenditure using employee benefit cards has risen around 45%. We look forward to driving forward this growth market here in Europe and partnerships with innovative, forward-thinking companies are key to this vision.”

Patrick Löffler, Co-Founder and CEO at givve, added, “The work we have done with Wirecard on both the card holder and the client issuing fronts is highly innovative and has been key in helping our customers improve employee loyalty. For example, unlike similar offerings, our card can be topped up by users, extending its lifespan and enabling employees to use the card as an alternative cashless payment method on an ongoing basis. We are excited about the possibilities to expand the reach of our technology and improve processes further through the use of state-of-the-art developments such as machine learning.”

givve offers a platform facilitating, automating and optimizing the management and distribution of employee benefits, combined with a multi-use-case payment card, issued by Wirecard. This solution strengthens the strong and meaningful bonds between a company and its employees, which is an increasingly differentiating factor in attracting and retaining the best talents. The givve Mastercard can be branded in line with a company’s corporate identity and offers employers the chance to show their appreciation for employees with a wide range of tax-free fringe benefits.

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https://www.wirecard.com/company/press-releases/wirecard-and-givve-enhance-digital-benefits-to-improve-employee-loyaltyTue, 13 Nov 2018 08:00:00 +0100
7833<![CDATA[Wirecard wins Fossil Group as new customer for Chinese mobile payment methods]]>

The leading global innovation driver in digital financial technology, Wirecard, is now supporting Fossil Group in integrating the most popular Chinese payment methods, including Alipay, into more than 150 stores across Europe. The integration will take place in stores in 11 European countries, including Germany, Italy and the UK. As a result of the use of Wirecard’s platform, Fossil stores can accept the most widely-used Chinese payments methods, further expanding their payment acceptance portfolio. Chinese tourists in Europe will benefit greatly from this cooperation, as they can now pay for their Fossil purchases using their favorite payment methods.

Fossil Group, a well-known American company specializing in lifestyle accessories, is one of many global brands taking advantage of Wirecard’s convenient ePOS solution. Retailers only need to download the Wirecard ePOS app on mobile devices located in-store, such as iPads, which then serve as mobile cash registers. The solution will be offered in Fossil-owned stores, as well as outlet and airport stores. For merchants, accepting Chinese mobile payment forms is a wise investment. In a recent survey conducted by Nielsen and Alipay, it was found that in their last overseas trip, 65% of Chinese tourists had paid for their expenses via mobile payment. Tourists benefit from the cooperation by being able to pay with a familiar and convenient payment method when travelling abroad.

Christian Reindl, Executive Vice President Sales, Consumer Goods, at Wirecard added, “Enabling such a global and recognizable company such as Fossil Group to leverage on our ecosystem has been a pleasure. We are looking forward to supporting Fossil stores across Europe with our simple and convenient POS solution, and catering to Alipay users who can now complete a purchase with fully digital payments.”

Not only does Wirecard’s solution offer end customers the possibility to pay for purchases via the Alipay app, but also to benefit from in-app marketing campaigns. By including Fossil Group stores in the Alipay app store front, consumers will be shown coupons and discounts offered at Fossil stores in their vicinity.

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https://www.wirecard.com/company/press-releases/wirecard-wins-fossil-group-as-new-customer-for-chinese-mobile-payment-methodsFri, 09 Nov 2018 08:00:00 +0100
7835<![CDATA[Wirecard provides digital voucher solution for Fitfox by SportScheck]]>

The Wirecard voucher platform is a comprehensive omnichannel solution, covering a variety of couponing formats for FitfoxThe innovative platform guarantees the seamless integration of customer retention methods into existing systems

Wirecard, the global innovation leader for digital financial technology, is expanding its partnership with the Fitfox sports experience platform. The wholly-owned subsidiary of German sports retailer SportScheck offers more than 10,000 different sports experiences in over 100 German cities and is now using Wirecard’s voucher solution. Thanks to the innovative platform, Fitfox is integrating a comprehensive customer retention program into its existing system. The Wirecard platform provides coupons, vouchers and gift cards on all digital channels and can also create physical vouchers.

The market for gift cards and vouchers is growing steadily. According to Juniper Research, it is expected that there will be 1.05 billion coupon users worldwide in 2019. This means that the number would have almost doubled since 2014 (560 million users). The voucher platform underscores Wirecard’s investment in this growth market. The platform combines all current voucher formats in a fully digitalized solution and enables Fitfox to make its customer loyalty program available on all channels. These measures can be integrated into existing app ecosystems, provided as a QR code or embedded into the offline user experience in the form of a voucher card. In this way Fitfox reaches customers and prospects at all touchpoints.

“Customer retention measures are particularly successful when they integrate seamlessly with the customer’s user experience,” explains Boris Bongartz, Head of Sales Digital Goods at Wirecard. “We are excited to extend our partnership with Fitfox. Our solution will enable Fitfox to expand its omnichannel customer retention and acquisition strategy and digitize the purchasing and payment process for vouchers and coupons.”

“The flexible sports experience we offer only works thanks to a combination of online bookings and offline experiences,” said Dustin Selke, founder and CEO of Fitfox. “With Wirecard, we are happy to have a partner who understands our needs and offers us a solution that integrates seamlessly into our omnichannel ecosystem. With the Wirecard voucher platform, we can reach existing and new members at all touchpoints and use targeted measures to get them excited about our offering.”

The sports experience platform Fitfox is a wholly-owned subsidiary of the sports platform SportScheck, which in turn operates under the umbrella of the Otto Group. Founded in 2013, the company has been deploying Wirecard's payment acceptance solution for some time now. The implementation of the voucher platform marks another milestone in the cooperation.

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https://www.wirecard.com/company/press-releases/wirecard-provides-digital-voucher-solution-for-fitfox-by-sport-scheckTue, 06 Nov 2018 08:00:00 +0100
7837<![CDATA[Wirecard brings digital financial technology platform services to Australia and New Zealand]]>

Wirecard, the global innovation leader for digital financial technology, today announced its platform expansion in Australia and New Zealand. The Wirecard platform is now available in New Zealand for e-commerce services and Australia for omnichannel solutions. With this expansion, Wirecard is extending its ecosystem of real-time value added services around innovative digital payments in Oceania.

This leverages on the global Wirecard strategy of digitizing payments worldwide as Australia is leading innovation in areas such as contactless payments, bill payments, digital commerce, and point-of-sale applications, and the market is ready to make the next transformation. Research and Markets found out that the Australian payment mix is shifting heavily toward electronic payments. Consumers are continuing to switch to electronic payment methods from paper-based methods – like cash and checks – for their purchases. The dominant payment method in Australia is cards: more than 50% of consumer payments in 2016 were made with cards. The rapidly increasing use of contactless card payments, the development of new digital cash substitutes, such as mobile P2P payments, and the high adoption rate of smartphones (89% in 2016) position Australia as a strong candidate for a cashless society.

It is the same situation in New Zealand: Online spending in New Zealand is on the rise and more than a quarter of citizens prefer to shop on the web. Online spending in New Zealand is now worth NZ$4.2 billion annually, up from NZ$3.9 billion the same time a year earlier, with retailers making more effort to combine their selling points on one single platform.

Daniel Vukovac, General Manager Merchant Business Solutions Australia at Wirecard, commented: “Wirecard has been successfully doing business in Australia for quite a few years, winning some major clients. The latest omnichannel expansion in this region marks another important step to offer our services globally to as many merchants as possible – through digitizing payment processes and making transactions seamless for end-consumers. We are looking forward to further reducing the usage of cash worldwide and offering customers the benefits of truly digital payment solutions.”

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https://www.wirecard.com/company/press-releases/wirecard-brings-digital-financial-technology-platform-services-to-australia-and-new-zealandMon, 05 Nov 2018 08:00:00 +0100
7839<![CDATA[Wirecard and Spendit digitize benefit card solutions for employees across Europe]]>

Wirecard, the global innovation leader for digital financial technology, along with Spendit AG, a multi-award-winning HR and FinTech company, are expanding their long-term cooperation and are set to develop digital solutions in the area of employee benefits for the whole of Europe. With immediate effect, the SpenditCard, a digital voucher for tax-free benefits in kind, offered by Spendit since 2014 as Mastercard’s preferred partner, will be issued by Wirecard. It is the first regulated credit card program based in Germany and already has over 4,000 corporate customers. There are plans for it to be further developed to include new functions and cover new countries in the near future.

Wirecard is applying its global expertise in the area of employee benefit solutions. This can be seen in the USA, for example, where Wirecard has already been providing large businesses with benefit products for many years: Millions of consumers make use of the solution’s advantages on a regular basis, with the number of cards issued rising by a compounded average of 75% per year. At the same time, expenditure using employee benefit cards is rising by around 45% on average.

Catharina Tiede, Head of Partner Management at Wirecard, says: ”With the SpenditCard, we are setting new standards in the digitization of benefit programs. This partnership is an exciting opportunity to promote the use of consumer cards as a corporate incentive. We are delighted that, together with Spendit, we will soon be digitizing employee programs across Europe.”

Florian Gottschaller, founder and CEO of Spendit, explains: “We are proud to have exceeded expectations and grown our customer base to over 4,000. With a strong partner in the form of Wirecard, we can look forward to further increasing our customer numbers and to tapping into additional European markets.” He adds: “As the market leader, Wirecard is the ideal strategic partner for Spendit because it shares our vision of developing innovative products for global employers and continuing to drive forward the digitization of benefit products.”

The SpenditCard is like a universal voucher that can be used worldwide. Businesses can use the card to give their employees a wide range of tax-free fringe benefits as a modern alternative to petrol and gift vouchers on a pre-paid card, which can be used by employees without restriction in the Mastercard network across the world. The SpenditCard, which can be branded in line with a company’s corporate design including the logo, is a reflection of employer appreciation that benefits employees’ everyday lives. It has been well-received as an employer branding element. The card enables employers to optimize wage costs and to significantly reduce administration overhead.

The modular system of the SpenditCard enables businesses to design individual, industry-specific benefit programs. Each employee is entitled to a total of EUR 708 tax-free (net) and up to EUR 11,000 that is subject to a flat rate of taxation.

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https://www.wirecard.com/company/press-releases/wirecard-and-spendit-digitize-benefit-card-solutions-for-employees-across-europeWed, 31 Oct 2018 08:00:00 +0100
7841<![CDATA[Wirecard enables integration of click and collect omnichannel payments]]>

Wirecard, the global innovation leader in digital financial technology, today announced that it is making it even easier for merchants to take advantage of customer demand for true omnichannel purchase experiences by enabling click and collect via the Wirecard platform. Wirecard is thus expanding its ecosystem of real-time value added services around innovative digital payments and as a result helping retailers to significantly increase their average sales figures. Merchants who introduced click and collect services reported a growth in online sales of up to 30%.

The new click and collect solution aligns with current market trends. According to an Internet Retailer report from May 2018, around 62% of US consumers said they had purchased a product online and picked it up in store in the past year. And according to a recent UPS Global Pulse of the Online Shopper survey, 66% of consumers made an additional purchase when returning an item in-store.

“Retailers are having to use significantly more channels than in the past in order to meet their customers wherever they decide to make a purchase, whether that be via an e-commerce site, a mobile app or in-store,” said Sreelekha Sankar, EVP of Payment & Risk at Wirecard. “The Wirecard platform enables merchants to be able to support omnichannel use cases like click and collect. This means that retailers can provide a positive and seamless customer experience, a key factor for customer retention.”

While consumers have come to expect a seamless, unified purchasing experience regardless of the chosen location and method, it has been a challenge for merchants to merge the various channels behind the scenes. The Wirecard digital platform bridges this gap by channeling transactions from all entry channels to a single platform. This means that each transaction is assigned a unique reference ID so that retailers are able to accept payment on one channel and fulfill the purchase via another if the customer so chooses.

Wirecard recently outlined its Vision 2025, focusing on two key areas: firstly, accelerating convergence and enabling omnichannel commerce via one platform and secondly, developing innovative data-led value-added services, which are built around Wirecard Digital Payment Ecosystem and which lead to an improvement in the conversion rate. Today’s announcement is a further step on Wirecard’s path to realizing its vision of the digital platform economy and enabling its customers and partners to improve customer service and in turn grow their own businesses.

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https://www.wirecard.com/company/press-releases/wirecard-enables-integration-of-click-and-collect-omnichannel-paymentsMon, 29 Oct 2018 08:00:00 +0100
7843<![CDATA[Wirecard and MBILLS digitize payments for Slovenian customers]]>

Wirecard enables digital payments through the Mobile Wallet mBills, a mobile payment solution from Petrol, the largest energy and retail company in Slovenia

Wirecard, the global innovation leader in digital financial technology, together with Slovenian fintech MBILLS, today announced an innovative extension for the mobile wallet app mBills. The company MBILLS is owned mainly by Petrol, the largest energy and retail company in Slovenia with an annual turnover of EUR 4 billion and half a million participants in the loyalty program. Users of the mBills app can make payments on-site at almost 50 million points of sale worldwide and online, using their debit card which is issued by Wirecard and connected to their mobile wallet on their smartphone.

There is a large potential for digital and mobile payment in Slovenia where 80% of payments are still made in cash. In addition, according to a survey by the Juniper Research Institute, global spending on mobile wallets in 2017 was already estimated at USD 1.35 trillion – an increase of 32% from the previous year. Thanks to the success of mobile wallets, the acceptance of digital payments is continuously increasing.

Mag. Primož Zupan, Director of MBILLS, comments: “Our services have positioned mobile wallets in Slovenia as competitive cash solutions more quickly than expected. In the long run, however, they will only be used by the general public if they offer real added value. The MBILLS and Wirecard solution combines the best of both worlds: The advantages of a debit Mastercard with a smart, digital solution on your smartphone.”

Boris Bongartz, Head of Sales Digital Goods at Wirecard, adds: “The new payment function is important in the mBills mobile wallet ecosystem – and is a core competency of Wirecard. The Mobile Wallet solution from MBILLS and Wirecard offers its users much more and thus makes an important contribution to inspiring users for digital payment solutions. We are delighted to be able to support MBILLS and by this Petrol in digitizing payment processes.”

Wirecard and MBILLS offer a complete mobile digital payment solution. Initial samples and app store reviews in Slovenia show that this solution is highly valued for its user-friendly interface and ease of use. The new Mobile Wallet solution – including the mBills debit Mastercard – is already available to all Android and iOS users.

From the payment of monthly bills to payments at the point of sale and peer-to-peer transfers to the payment of online purchases and the management of loyalty cards: with mBills, the smartphone is becoming the central interface for general financial management. All functions – from ordering, activating and blocking the card and managing finances, to setting transaction limits or activating or blocking payments outside the European Union – are mobile and available worldwide anytime. A list of all expenses and the associated cost control and budgeting for the user are also included in the functionality. After each transaction, a notification is sent to the user’s smartphone free of charge. The mBills Mastercard can be conveniently applied for in the app and is linked to the user’s own mBills account.

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https://www.wirecard.com/company/press-releases/wirecard-and-mbills-digitize-payments-for-slovenian-customersFri, 26 Oct 2018 08:00:00 +0200
7845<![CDATA[Wirecard wins TAV as new client for Alipay payments in airport lounges worldwide]]>

Chinese tourists can pay with Alipay for access to TAV “primeclass” lounges, the world’s leading common airport lounge brand

Wirecard, the global innovation leader in digital financial technology, today announced it has extended its successful partnership with Alipay to support TAV Airports subsidiary TAV Operation Services Co. Present in 18 airports in three continents, TAV Airports is one of the market leaders in airport operations, having provided services to 836,000 flights and 115 million passengers in 2017.

Alipay, the most popular payment method with majority market share in China, will be offered as a payment method in “primeclass” lounges operated by TAV Operation Services in Frankfurt, Copenhagen and Zurich airports initially. TAV Operation Services operates 57 lounges in 30 airports in 19 countries worldwide. After the initial launch, TAV will expand the service offering via Wirecard’s platform and also make it available more widely including in airports in the United States and Middle East.

In addition, Wirecard will support TAV Operation Services in marketing activities with Alipay, such as hosting in-app coupons and discounts, offering even greater value to Chinese travelers. Within the framework of this collaboration, Wirecard will provide acceptance and assume responsibility for transaction processing through its ePOS App. Using this easy-to-install solution, retailers can quickly access popular international payment options and value-added services.

A 2017 study by Nielsen and Alipay found that a single Chinese tourist in Europe will spend on average EUR 3,250 during their trip. The same study found that 91% of Chinese tourists would be more willing to spend and shop abroad if more merchants accepted Chinese mobile payment brands. By paying with Alipay, travelers no longer need to worry about exchanging currency or whether their Chinese credit card is accepted by local merchants.

Ali Bora Isbulan, General Manager of TAV Operation Services, stated: “As a worldwide airport hospitality group, we find it essential to offer our customers the best possible service. Since we give high importance to the Chinese market, we have partnered with Wirecard and Alipay to enable our guests to pay in a way that is convenient and familiar to them. We are happy to announce this collaboration and look forward to allowing guests even smoother and quicker payment possibilities at our airports.”

Jan Rübel, Head of Sales Travel & Transport, Wirecard, said: “Offering our Alipay solution to TAV Operation Services, and thereby reaching thousands of travelers, is an exciting opportunity for us. Chinese travelers represent an important target group for merchants worldwide. We are proud and eager to continue in our aim of digitizing payment processes around the globe.”

For further information on Wirecard’s digital payment solutions, visit us at Money20/20, the global FinTech event, in Las Vegas from 21 to 24 October 2018 on our stand no. 1843.

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https://www.wirecard.com/company/press-releases/wirecard-wins-tav-as-new-client-for-alipay-payments-in-airport-lounges-worldwideTue, 23 Oct 2018 08:00:00 +0200
7847<![CDATA[Wirecard launches mPOS solution in Brazil to digitize payment in Latin America]]>

Omnichannel services allow to accept card payments online and on-site

Wirecard Brasil (formerly Moip), part of the Wirecard Group, the global innovation leader in digital financial technology, announced today the launch of their omnichannel payment services in Brazil. With the new mPOS (mobile Point of Sale) solution, all merchants in Brazil can now accept immediate on-site card and mobile payments, improving the customer experience and eliminating the need for physical cash.

The new solution offers benefits for both merchants and customers. Tens of thousands of marketplace merchants from Wirecard in Brazil will be able to carry out on the spot card transactions. The adaptability of this solution to a variety of industries opens the door to a wide potential target group for Wirecard. From a customer perspective, the possibility to pay by card will be more widespread, allowing for quick and hassle-free transactions.

Wirecard already offers payment solutions to small-sized local clients in Brazil, including third-party transfers and bill payment features. Such solutions have contributed to closing the nation’s financial inclusion gap, where a significant part of the population does not have a bank account. The new mPOS solution can leverage on the potential of card payments in Brazil. Wirecard’s solution aims to provide a cost-effective way for merchants to broaden their scope of accepted payment methods, benefitting their business and meeting their customers’ needs.

Sandra Meermann Hying, Member of the Board in Brazil and EVP Sales Operations at Wirecard, commented: “We are proud to offer this mPOS solution to merchants around the country. Not only is this solution wide-ranging, offering a mobile checkout to both small and large-scale merchants and establishments, but it is also a welcome innovation for both sides of the transaction process. Merchants and consumers can now be fully cash-free and mobile. We are delighted to further drive the digitization of payments in Latin America.”

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https://www.wirecard.com/company/press-releases/wirecard-launches-m-pos-solution-in-brazil-to-digitize-payment-in-latin-americaFri, 19 Oct 2018 08:00:00 +0200
7849<![CDATA[Wirecard as founding member of EHI mobile payment initiative drives digitization of payments]]>

Wirecard, global innovation leader in digital financial technology, together with the EHI Retail Institute and other partners including Google, Mastercard, Payback, GS1 Germany and Visa, has founded the EHI Mobile Payment Initiative. As a result of this initiative, the retail industry will be able to satisfy the growing demand from consumers for mobile payment solutions. The exchange of expertise among the partners also plays a significant role in the EHI Mobile Payment Initiative.

According to a representative survey by EHI, around 20 million German consumers are open to the concept of mobile payment. They particularly appreciate the speed and great simplicity of the payment process. By contrast, consumers who are yet to be convinced by the solution are in many cases not well informed or are not yet fully aware of the advantages of mobile payment.

Georg von Waldenfels, Executive Vice President Consumer Solutions at Wirecard, explains: "The market is mature for technology and both consumers and the retail industry are now demanding solutions which make the purchase process quicker and simpler without having to make significant changes when paying. This was exactly our vision when we launched our mobile payment app boon in 2015. Together with the other founding members, we are delighted to be able to educate both consumers and retailers alike about mobile payment solutions that are available on the market today."

With boon, Wirecard is a pioneer in mobile payment in Germany. boon was the industry's first fully digitized mobile payment solution and can be used independently from banks and telecommunications providers. Today, boon is available in ten European countries and, depending on the country, supports Apple Pay, Google Pay, Fitbit Pay and/or Garmin Pay.

boon provides users with a digital Mastercard which they can use for payments. The boon account can be topped up by credit card or bank transfer. The fact that you can use your smartphone for contactless payments completely bank-agnostically makes boon unique. Users connect their boon Mastercard with a mobile payment wallet such as Google Pay, take their mobile device, simply hold it at the checkout without having to open the app, and the payment is made. As a result, it is no longer necessary to own a credit card from a particular bank. Furthermore, boon facilitates free, real-time money transfers between boon users.

More information about boon can be found at: www.boonpayment.com

This message is published by Wirecard.

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https://www.wirecard.com/company/press-releases/wirecard-as-founding-member-of-ehi-mobile-payment-initiative-drives-digitization-of-paymentsTue, 16 Oct 2018 08:00:00 +0200
7851<![CDATA[Wirecard expands Möbel Inhofer’s payment app]]>

Customers can now pay for furniture deliveries by credit card, direct debit and Maestro at their doorstep

Wirecard expands its payment app for Europe’s largest furniture store Möbel Inhofer to include payments by credit card and Maestro. With the help of the mobile payment solution from Wirecard, the specialist for digital financial technologies, furniture suppliers can accept payments upon delivery. Customers of the furniture retailer Möbel Inhofer can pay an initial deposit for their items on the spot when they make their purchase, and then settle the remaining amount upon receipt of the delivery. This is made possible by the combination of an app and an mPOS device, which works in conjunction with mobile devices such as tablets and smartphones.

Wirecard developed the payment app together with Ametras, an international IT and software company, and since July 2016, customers have been able to pay for their furniture purchases conveniently at home using the app. Initially, German customers paid in-app via direct debit, but now also credit card payments via Visa and Mastercard as well as Maestro are possible. In addition to Germany, customers in France, Austria and Switzerland will now also benefit from the mobile payment solution. It is also particularly convenient for suppliers: With the help of the app, they can see at a glance what amount the customer still has to pay. Wirecard provides the complete payment software and handles the payment processing.

With its mobile payment solution, Wirecard is following the sentiments of many merchants: According to the “Mobile in Retail” study conducted at the end of 2016 by the EHI Institute, 86 percent of the merchants surveyed stated that Omnichannel only works with mobile solutions. This is exactly what the Wirecard and Ametras app for Möbel Inhofer aims at: The payment app offers customers a user-friendly mobile solution that enables simple and flexible payment – regardless of which sales channel the user chooses.

Edgar Inhofer, from the furniture store of the same name, says: “Our customers throughout Europe are increasingly demanding customized shopping experiences. Since this of course also affects payment methods, we are pleased that we can now offer an additional option. With Wirecard’s payment app, our customers can conveniently pay for their furniture purchases at their doorstep and cross out further installments from their to-do list.”

Christian Reindl, Executive Vice President Sales Consumer Goods at Wirecard, adds: “With the expansion, the payment app now includes the most common payment methods in Germany and other European countries and makes buying furniture even easier for customers. Together with Ametras and Möbel Inhofer we guarantee an innovative and comfortable shopping experience.”

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https://www.wirecard.com/company/press-releases/wirecard-expands-möbel-inhofers-payment-appFri, 12 Oct 2018 08:00:00 +0200
7853<![CDATA[Wirecard wins KaDeWe, Oberpollinger and Alsterhaus as customers for Alipay payments]]>

Fully digitized payment solution at the point of sale enabled by Wirecard

Wirecard, the global innovation driver for digital financial technologies, wins KaDeWe Group GmbH as a new customer for Alipay payments, China’s leading mobile payment solution. With Wirecard technology, the Chinese payment method has been integrated into the POS system of department stores belonging to the Group. Initially, this is offered in nine checkouts at KaDeWe in Berlin, one at Oberpollinger in Munich, as well as one at Alsterhaus in Hamburg. A later integration into further checkouts is planned. As part of the cooperation, Wirecard provides acceptance and takes care of the complete processing of payments. The integrated technology has started in time for the “Golden Week”, an important Chinese holiday lasting several days, which is traditionally used very intensively for long-distance travel.

Thanks to the cooperation, KaDeWe, Oberpollinger and Alsterhaus, which are some of the most important department stores in Germany and are highly renowned in Europe, can benefit even more from the tourism boom from China. Every year, more than eight million Chinese tourists travel to Europe and spend more than any other nation in the world on shopping, averaging over 3,000 euros per trip. For Chinese consumers, brand awareness plays a decisive role in their purchasing decision. Branded and luxury products which make up the core range of the KaDeWe Group, such as high-quality shoes, bags, watches and jewelry, are among the most sought after products. In this environment, luxury department stores can now establish themselves as attractive providers for Chinese customers. By accepting payments via Alipay, they are also gaining the trust of a young and financially strong target group with a high web-affinity. The average transaction volume for individual merchants offering Alipay via Wirecard is around 800 euros. The highest single transaction to date paid via Wirecard with Alipay is a good 40,000 euros.

Robert Palmer, Head of Alipay EMEA: “The department stores of the KaDeWe Group are among the best-known in Germany for Chinese tourists. Since Alipay payments are now accepted, thanks to our in-app marketing platform the department stores become even more visible for Chinese customers who’ll also enjoy a better shopping experience, because for them now the payment process will now be just as comfortable to them as it is in China.”

Dr. Michael Peterseim, CFO of the KaDeWe Group: “Chinese tourists are a particularly important target group for our department stores, which is why we want to meet their expectations in the best possible way. We are therefore particularly pleased to be able to offer these customers the opportunity to make their purchases in our stores with the Alipay App. Throughout the integration process, Wirecard has given us the benefit of its professionalism and experience, making Wirecard a reliable and trustworthy partner for the future.”

Christian Reindl, Executive Vice President Sales Consumer Goods at Wirecard: “Our goal is to help merchants digitize their processes, offer their customers flexible payment options and improve their offerings at all levels. We are very pleased that with the KaDeWe Group we have now won three of the most renowned premium department stores in the country as customers.”

Paying with Alipay is straightforward: Customers who want to pay cashless with their Alipay app simply show the retailer their smartphone display with a barcode. The merchant scans it with a hand-held scanner and the payment process is started immediately. Wirecard initiates the payment in the background. The customers confirm their purchase by entering the password and receive a payment receipt. Another advantage: The Alipay App enables merchants to send their Chinese customers special offers via push message shortly before they arrive at their destination.

More information can be found at: https://www.wirecard.com/alipay/

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https://www.wirecard.com/company/press-releases/wirecard-wins-ka-de-we-oberpollinger-and-alsterhaus-as-customers-for-alipay-paymentsThu, 11 Oct 2018 08:00:00 +0200
7855<![CDATA[Wirecard announces Vision 2025 targets for transaction volume, revenues and EBITDA]]>

EBITDA forecasted to exceed EUR 3.3bnGrowth to be delivered from omnichannel solutions from one platform, transition of cash to electronic payments and value-added services which will be extended around the Wirecard Digital Payment Ecosystem

Wirecard, the global innovation leader for digital financial technology, today announces its Vision 2025, setting out its targets for 2025 transaction volume, revenues and EBITDA. Management also announces the key growth drivers to achieve these targets on the back of a rising global transition towards digital payments, mobile and e-commerce.

In 2025, Management forecasts transaction volume to increase to more than EUR 710bn. Group revenues are estimated to reach at least EUR 10bn with EBITDA of more than EUR 3.3bn. Management confirms the previously announced Vision 2020 targets and the FY2018 EBITDA guidance.

Wirecard’s strategy towards achieving the Vision 2025 targets will focus on two core areas. Firstly, through an accelerating convergence between online, mobile and point-of-sale (ePOS), deploying innovative technologies to enable omnichannel commerce via one platform. Secondly, from the constant value chain development and innovative data-led value-added services, which are built around the Wirecard Digital Payment Ecosystem and which lead to an improvement in the conversion rate – this is how Wirecard manages to significantly increase merchant turnover through data-driven services.

Wirecard’s CEO Markus Braun, along with senior management, will discuss in further detail all focal areas and the Vision 2025 at the company’s Innovation Day, hosted from 09.00 BST today in London. The webcast of the event will be live from 11 October 09.00 CET onwards at the Investor Relations website. Follow us on Twitter during the day under #ThinkWirecard.

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https://www.wirecard.com/company/press-releases/wirecard-announces-vision-2025-targets-for-transaction-volume-revenues-and-ebitdaTue, 09 Oct 2018 08:00:00 +0200
7857<![CDATA[Wirecard and SES-imagotag digitalize payment, coupons and loyalty for retailers worldwide]]>

Wirecard, the worldwide innovation driver for digital financial technologies, and SES-imagotag, the global leader in electronic shelf labels (ESL) and Retail IoT solutions for physical commerce, are expanding their existing cooperation for in-store payment through digital price tags. The existing seamless mobile payment system of both companies enables shoppers, using Wirecard technology, to pay anytime, anywhere directly in-store, thus avoiding long lines at the checkout. This solution will now be enhanced with extensive loyalty, couponing and data analytics capabilities.

SES-imagotag, a company listed on the Paris Stock Exchange, has already equipped more than 16,000 stores in 61 countries with smart digital tags – including the world’s largest retailers. Its solution enables stores to automate low value-added processes, increase store efficiency and improve customer experience at the same time.

The new loyalty feature developed by both companies will allow retailers to automatically reward shoppers, further increasing loyalty. Customers receive personalized discount vouchers or loyalty points, which increase the feeling of a seamless and immediate shopping experience. The new couponing function from Wirecard and SES-imagotag follows a similar approach. E-Coupons – e.g., special offers or discounts – can be automatically issued when entering a store, strolling past a shelf or when interacting with products. Retailers’ loyalty programs are thus 100% digitalized, enabling in-store behaviors to be rewarded in real-time.

Both functions also offer benefits for retailers: each time customers use their smartphones in-store, retailers can identify their preferences, purchasing behavior, the place of purchase and other contextually relevant information. As coupons are digitalized, stores can also identify the popularity and impact of such in-store promotions. Retailers can then transform the data collected into custom targeted special offers for an improved shopper engagement. The data analytics functions required to process this information, based on the Wirecard Omnichannel ePOS Suite, are also part of the extended cooperation between Wirecard and SES-imagotag.

Michael Unmüßig, Senior Executive Vice President Marketing at SES-imagotag, says: “Our cooperation with Wirecard to date has been extremely successful due to the company's great expertise in the payment sector and the digitalization of payment flows. We are therefore proud to further expand our collaboration and to offer a 100% digitalized in-store shopping experience to even more retailers and shoppers.”

Alexander Hahn, Vice President POS Retail Solutions at Wirecard, adds: “At Wirecard, we are shaping the future of payment and thus creating massive added value for consumers in the retail sector. Through our expanded cooperation with SES-imagotag, we are now jointly revolutionizing the digital payment experience and the customer journey in the retail sector, where stationary POS systems are no longer necessary.”

To make purchases, customers simply hold their smartphone in front of a digital price tag from SES-imagotag and scan a product using a QR code or NFC. Using Wirecard technology, payment processing is then handled directly in the background using the customer’s preferred payment method. The technology can also be used to display interactive content, e-Coupons or relevant product information on the consumer’s mobile device.

Find out more about the whole customer journey here.

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https://www.wirecard.com/company/press-releases/wirecard-and-ses-imagotag-digitalize-payment-coupons-and-loyalty-for-retailers-worldwideTue, 09 Oct 2018 08:00:00 +0200
7859<![CDATA[Wirecard launches Visa's Digital Commerce App to boost mobile payments in Romania]]>

Wirecard, the global leader in digital finance innovation, announced today that it signed an extension of the strategic partnership agreement with Visa aimed at developing tokenized mobile payments in Romania.

The partnership allows Wirecard to undertake commercialization efforts in Romania for Visa Digital Commerce App (VDCA). The Visa Digital Commerce App is a white-label digital wallet helping banks and other card issuers to offer mobile contactless payment solutions along with value added services such as offering card controls, mobile location confirmation, travel and account balance notifications, and a transaction history to end consumers while saving time and money developing their own applications.

Wirecard also became the first payments processor in Romania that successfully completed the certification for Visa Token Service (VTS) – a technology that replaces sensitive cardholder information with a unique digital identifier, thus enabling easy and secure contactless payment with virtual cards as cardholder information is never shared with third parties.

“In today’s world, payments must be quick, safe, simple and omnichannel. Switching from classic cards to mobile payment occurs at a high pace, both globally and in Romania. The VDCA solution that Visa and Wirecard offers to the Romanian market is a perfect answer to this trend and we are delighted to digitize processes together. The solution is easy to integrate into payment ecosystems, VDCA is a powerful tool for banks and other card issuers, that get their clients to the next level in terms of safety and accessibility for payments”, stated Utku Ogrendil, Managing Director of Wirecard Romania.

“Visa and Wirecard already have a track record of collaborating on innovative digital financial solutions in Europe and now we are pleased to announce a partnership that will benefit our Romanian cardholders. As the fundamental shift from plastic to digital is accelerating, Visa’s approach is to enable our clients and partners to create and deploy new commerce experiences that seamlessly incorporate secure digital payments with the same level of reliability, interoperability and security. The tokenization service, allows cardholders to use their phones to pay easily and securely at millions of merchants that accept contactless payments across the globe. We believe tokenization will be a key component in the future of digital payments and we are glad to partner with Wirecard to offer our Romanian customers a new convenient and safe way for their mobile payments”, stated Catalin Cretu, General Manager for Romania, Croatia, Slovenia and Malta, Visa.

Contactless, which is the underlying technology behind mobile payments, has rapidly expanded in Romania in recent years, witnessing the highest growth rate ever recorded for any card product. Contactless has been the main engine of electronic payments growth in Romania in the past three years. While Romania progressed rapidly to be among the top 10 markets globally in terms of contactless penetration, the expansion of the acceptance network, as well as the significant increase in the number of contactless enabled cards and recent launches of NFC mobile wallet solutions have been key pillars supporting this progress.

Visa’s Digital Commerce App, which will be commercialized by Wirecard to expand mobile payments in Romania, is a Visa-hosted white-label digital wallet helping issuers of all sizes to shift from plastic to digital payments, while sparing them the efforts to develop their own digital wallets.

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https://www.wirecard.com/company/press-releases/wirecard-launches-visas-digital-commerce-app-to-boost-mobile-payments-in-romaniaThu, 04 Oct 2018 08:00:00 +0200
7861<![CDATA[Wirecard launches Try Before You Buy with PVH for TOMMY HILFIGER and CALVIN KLEIN]]>

PVH Corp. owns a diversified portfolio of iconic American brands that includes TOMMY HILFIGER and CALVIN KLEINConsumers in Europe can now use the Try Before You Buy flexible invoice payment method on TOMMY HILFIGER and CALVIN KLEIN European e-commerce sites

Wirecard, the leading innovation driver in digital financial technology, is launching the Try Before You Buy flexible invoice payment option. Partnering with PVH Corp.’s [NYSE: PVH] Europe headquarters, which operates the Calvin Klein and Tommy Hilfiger businesses in the region, the CALVIN KLEIN and TOMMY HILFIGER e-commerce sites in Europe will be the first to use this technology.

Try Before You Buy allows online shoppers to pay for products 30 days after the order has been placed, allowing consumers to try on styles at home and only pay for those they decide to keep. Wirecard’s Fraud Prevention Suite (FPS) is based on innovative technologies such as machine learning and artificial intelligence, and secures consumer creditworthiness by analyzing data patterns stretching years back.

Oliver Timm, Chief Commercial Officer, PVH Europe, says: “Our consumers are at the heart of everything we do and the Try Before You Buy scheme highlights our commitment to exploring new digital solutions that elevate online shopping. This approach bridges the gap between online and in-store purchasing experiences, enhancing consumer satisfaction and loyalty.”

Vanda Astfäller, Head of Sales Consumer Goods at Wirecard, comments: “We are delighted to announce our partnership with PVH Europe for the CALVIN KLEIN and TOMMY HILFIGER European e-commerce sites. The payment guarantee based on Wirecard’s AI risk management solution reveals how precisely the pre-recognition and fraud prevention processes nowadays work. Our innovative offering mitigates the risk of e-commerce payment defaults and allows forward thinking merchants, like PVH Europe, to provide consumers with Try Before You Buy flexibility.”

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https://www.wirecard.com/company/press-releases/wirecard-launches-try-before-you-buy-with-pvh-for-tommy-hilfiger-and-calvin-kleinTue, 02 Oct 2018 08:00:00 +0200
41560<![CDATA[Wirecard partners with US on-demand job platform Moonrise for instant payments for gig-economy workers]]>
  • Moonrise is a startup by American Family Insurance

  • Partnership is making money management faster and simpler for US workers

    Aschheim (Munich)/Conshohocken, PA. Wirecard, one of the leading providers of digital financial technology, today announces its partnership with Moonrise, a US gig-economy startup by American Family Insurance, to offer free and instant payment options for workers.

    Moonrise connects individuals with shift work in administration, hospitality, and other services to supplement their income. Wirecard will issue payments cards enabling workers to access the money they have earned within 24 hours of completing an assignment. Thereby, the partnership will ensure same-day payment without charging fees to workers. Loyalty rewards and other value- add features will be built into the program as the company grows.

    Deirdre Ives, Wirecard’s North America Managing Director, says: “With digital payments at the core of our business and the rapidly evolving gig-economy, we are thrilled to help the growing market need for faster, more easily accessible pay. Having access to same-day payment options gives individuals greater control over their finances and generally more autonomy day to day. Partnering with Moonrise to offer this service aligns perfectly with our core values of increasing speed and efficiency through innovative technologies and payments systems.”

    Kara Kaplan, Moonrise’s co-founder and CEO, adds: “For employers, tapping into a reliable on- demand workforce can be game changing. For workers, the ability to accept a shift here or there can be the factor that enables them to take control of their finances. Wirecard has been one of our best partnerships. It was easy to implement the program because they understood what we were trying to do, and we felt right away that our mission was resonating with them.”

    Moonrise, a wholly owned subsidiary of American Family Insurance – the $23 billion Wisconsin- based insurance business – was formed when American Family’s innovation team set out to better understand a subset of their policyholders who want to manage their finances as easy and fast as possible. American Family wanted to discover how the company could leverage its customers, partner relationships and capital – with this in mind, Moonrise brokers with employers and pushes their available gigs via text messages to vetted workers who match the gig’s qualifications.

    About Wirecard:

    Wirecard AG is a global technology group that supports companies in accepting electronic payments from all sales channels. As a leading independent supplier, the Wirecard Group offers outsourcing and white label solutions for electronic payments. A global platform bundles international payment acceptances and methods with supplementary fraud prevention solutions. With regard to issuing own payment instruments in the form of cards or mobile payment solutions, the Wirecard Group provides companies with an end-to-end infrastructure, including the requisite licenses for card and account products. Wirecard AG is listed on the Frankfurt Securities Exchange (TecDAX, ISIN DE0007472060, WDI). For further information about Wirecard, please visit "www.wirecard.com" or follow us on twitter @wirecard.

    About Moonrise:

    Moonrise connects hard-working, motivated people in search of extra income with reputable employers in need of filling short-term shifts. Moonrise understands the barriers that exist in trying to make ends meet and the obstacles employers face in finding quality workers. Moonrise feels that when people are in control of their financial lives, they make for better and more reliable employees. Whether helping to facilitate an extra $60 for groceries or an extra six people on the warehouse floor, Moonrise is committed to helping both people and businesses when they need it most. For more information about Moonrise, please visit www.moonrise.works.

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https://www.wirecard.com/company/press-releases/wirecard-partners-with-us-on-demand-job-platform-moonrise-for-instant-payments-for-gig-economy-workersMon, 01 Oct 2018 00:00:00 +0200
7863<![CDATA[Wirecard enables digitized payments at all German IHKs]]>

Wirecard, the leading global driver of innovation for digital financial technology, is supporting the Association of German Chambers of Commerce and Industry (IHK) in its nationwide digitization process. Wirecard will ensure that all financial transactions at the Chambers of Commerce and Industry (IHKs) can be processed digitally in the future.

Wirecard has been awarded for a framework agreement for the processing of electronic payment transactions by the IHK organization as part of a Europe-wide award procedure. Electronic payment options, especially for fee-based administrative procedures, but also for fee-based services, can thus be used quickly and easily by all IHKs. All common payment methods, such as Giropay, credit card, PayPal, Sofortüberweisung, SEPA or PayDirekt, will in future be supported and processed by Wirecard.

Boris Bongartz, Head of Sales Digital Goods at Wirecard: “Digitization has a huge effect on all businesses – including the trade association IHK. We are delighted that, with our expertise in the digitization of payment processes for online offers and services, we can not only support the IHK association, but we are also able to continue to successfully drive the digitization process across Germany as a whole.”

As the umbrella organization, the DIHK represents the interests of the German commercial enterprises before federal decision-makers and European institutions, on behalf of and in coordination with the regional IHKs. Approximately 3.6 million companies of all sizes and across all sectors are members of IHKs. Additionally, the German Chambers of Commerce Abroad (AHKs) promote foreign trade links between the German economy and 140 locations in 92 countries around the world.

The constant reconciliation of interests that this requires makes the DIHK independent of individual interests with a particular focus on politics, authorities and institutions. In accordance with Article 21 of the DIHK Articles of Association, the DIHK received approximately EUR 43.9 million in basic contributions and levies from the IHKs in financial year 2017, which were used to fund the DIHK budget. In view of digitization in Germany, the DIHK requires comprehensive fiber-optic connections, IT security initiatives, platforms to ensure the interconnectivity of science and enterprise, and a reliable legal framework for the digital transformation.

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https://www.wirecard.com/company/press-releases/wirecard-enables-digitized-payments-at-all-german-ihksFri, 28 Sep 2018 08:00:00 +0200
7865<![CDATA[Continental chooses Wirecard for new online bicycle shop]]>

Continental’s TwoWheel business unit now offers an online shop for bicycle accessories. Payment processing for the shop will be handled by Wirecard, the leading innovation driver of digital financial technology.

The online shop is initially available to customers with a delivery address in Germany and offers accessories, cycling clothing and selected tires as special editions. Customers can choose from this offer online and pay conveniently and securely thanks to Wirecard. Credit card payments via Mastercard and Visa are integrated as means of payment.

The market for two-wheelers is growing constantly in Germany – more than 73 million German citizens currently own a bicycle, and according to the German Association of the Two-Wheeler Industry, almost six million new bicycles are added every year. The turnover that the bicycle industry generates with bicycle accessories such as tires and cycling clothing as additional merchandise articles amounted to around 298 million euros in 2016.

Marion Laewe, Vice President Sales Consumer Goods at Wirecard, emphasizes: “We are proud to cooperate with Continental's TwoWheel business unit in the area of payment. Together with Continental, we have found the desired mix of secure and flexible payment for the Continental online shop from our various solutions, in order to intelligently link the trend towards online shopping with the rapidly growing cycling community.”

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https://www.wirecard.com/company/press-releases/continental-chooses-wirecard-for-new-online-bicycle-shopTue, 25 Sep 2018 08:00:00 +0200
7867<![CDATA[Thanks to boon, Google Pay is now available to all Android users in Italy]]>

Wirecard, the global leader in innovation for digital financial technology, is making its mobile payment solution boon available to download in the Google Play store for the launch of Google Pay in Italy. As a result, Italian users will benefit from a fully digitized prepaid Mastercard for mobile payments, regardless of which bank they are with.

According to a recent survey, 74% of all consumers in Italy already use their smartphone for mobile banking. As of now, Android users in Italy can make secure contactless mobile payments at the till with Google Pay and boon. With the new boon Android app, customers can simply add their digital Mastercard to Google Pay. With boon, all Android smartphone users can register in a matter of minutes and then securely pay via boon and Google Pay.

Georg von Waldenfels, Executive Vice President Consumer Solutions at Wirecard, says: “With boon, we are delighted to now offer Google Pay to every user of an Android device in Italy, from Android version 5 on. We welcome today’s launch of Google Pay in Italy and together with boon, the digitization of payment processes is advancing.”

Florence Diss, Head of EMEA Commerce Partnerships, Google, adds: “Starting today, boon users can link their card to Google Pay once and then use Google Pay to make safe, fast and delightful purchases in millions of places in Italy and around the world including on their favorite apps and sites.”

Users can top up their boon account using any Mastercard or Visa and via bank transfer. As a result, it is not necessary to already own a credit card from a bank supported by Google Pay. Furthermore, boon facilitates free, real-time money transfers between boon users. Thanks to the Google Pay integration, Android users can use boon especially quickly and easily: Users simply take their mobile end device, hold it over the till terminal – without even having to open up the app – and the payment is complete.

boon is the industry’s first fully digitized mobile payment solution and can be used independently from banks and telecommunications providers. boon is already available on Android devices in Germany, Belgium, Ireland, the Netherlands, Austria and Spain. The app runs on both the Android operating system and iOS, where boon is already available in the UK, France, Italy, Ireland, Switzerland and Spain.

Further details can be found at: www.boonpayment.com

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https://www.wirecard.com/company/press-releases/thanks-to-boon-google-pay-is-now-available-to-all-android-users-in-italyWed, 19 Sep 2018 14:00:00 +0200
7869<![CDATA[Wirecard issues Singapore’s first digital multi-currency card RHB TravelFX]]>

Singapore’s first multi-currency card is launched by RHB Bank which is present in ten Asian countries

Wirecard, the global innovation leader for digital financial technology, and RHB Singapore, part of the RHB Banking Group and recognized as one of the region’s leading multinational financial services groups, are introducing today the digital multi-currency card RHB TravelFX and the accompanying mobile app. The RHB Group’s regional presence spans ten countries including Malaysia, Singapore, Indonesia, Thailand, Brunei, Cambodia, Myanmar, Hong Kong (with a representative office in China), Vietnam and Lao PDR. RHB TravelFX is the first prepaid multi-currency Visa card introduced by a bank in Singapore. The payment solution provides an easy-to-use platform that offers customers very competitive foreign exchange rates, real-time currency exchange and the freedom to use local currency overseas.

Using multi-currency cards is a safe and smart way to carry travel money. The product issued by Wirecard and provided by RHB Bank has an enormous potential to alter the way foreigners pay abroad in the long run. In 2016, global international tourism revenue reached approximately 1.36 trillion U.S. dollars, having almost doubled since 2005. Travelers from the Asia-Pacific region have the largest international tourism expenditure worldwide. Singaporean customers of RHB will have access to payment in eleven different currencies via the RHB TravelFX app, thus being able to enjoy traveling without bringing cash or having to deal with leftover currencies. Wirecard issues the multi-currency Visa card that is distributed by RHB Singapore. The unique arrangement and partnership between Wirecard and RHB provides card users with security features to use the card wallet without accessing their bank accounts.

Apart from enabling customers to make purchases in national currencies when overseas, the RHB TravelFX allows them to withdraw local currency from the widespread Visa/Plus ATM network, to make online purchases in any of those currencies of choice and to exchange foreign currencies within the card wallet. Customers can fully manage the card wallet via the app and enjoy 24-hour access to competitive FX rates. There is also added security, allowing customers to lock the card when it is not in use or lost.

Ms Wong Chung Yee, Head of Personal Financial Services and Wealth Management, RHB Singapore, says: “In our effort to move into the cashless and eWallet space, we are pleased to launch the RHB TravelFX app, a multi-currency mobile wallet open to customers with bank accounts in Singapore. Customers will benefit from the convenience and competitive FX rates offered by this solution. The app gives customers total control over the FX rates that they want to buy at, by setting an alert on the app at their preferred rates, and exchange for foreign currencies anywhere, anytime – enhancing one’s traveling experience.”

“Travel is a popular activity amongst Singaporeans. Based on the Global Travel Intentions study commissioned by Visa, Singaporeans have taken approximately seven international trips in the last two years. Our data also shows that 20 per cent of total spend for Singapore Visa cardholders is on cross-border purchases. Even though Singaporeans are extremely familiar with digital payments, 95 per cent of them will still visit a money changer to exchange for foreign cash before they travel. With a travel product like RHB TravelFX offered to consumers today, we believe more Singaporeans will embrace the benefits and convenience of using electronic payments, especially when they travel,” adds Kunal Chatterjee, Visa Country Manager for Singapore & Brunei.

Grigoriy Kuznetsov, Executive Vice President, Global Financial Services at Wirecard, says: “Digitalization has brought about huge changes in all areas and especially in financial services. This means that as a bank, it is crucial to offer your customers smart, digital products that provide real added value. We are very pleased that we are able to contribute our expertise as a global innovation leader in digital financial technology and to realise this great project together with RHB. This enables RHB Singapore to offer their customers a fully digital state-of-the-art solution that makes traveling much easier and more fun. This further reinforces our position as a leading global prepaid issuer and Bank Identification Number sponsor.”

The RHB TravelFX app can be downloaded via Google Play Store and Apple App Store. Thereafter, consumers can easily apply for the RHB multi-currency card through the app and charge their RHB TravelFX card wallet with Singapore Dollars from any bank account in Singapore. Customers do not need to maintain a bank account with RHB, there is no annual fee and no minimum balance fall-below fee.

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https://www.wirecard.com/company/press-releases/wirecard-issues-singapores-first-digital-multi-currency-card-rhb-travel-fxTue, 18 Sep 2018 14:00:00 +0200
7871<![CDATA[Wirecard and Cognigy facilitate smooth payments in conversational commerce]]>

Online customers do not need to leave the chat at any time during the purchasing process

Wirecard, the global innovation leader for digital financial technology, is introducing digital payment integration for conversations with chatbots, together with Cognigy, the leading provider of conversational AI software solutions. Therefore, for the first time, online customers from Germany and the USA are able to go through the entire purchasing process, including checkout and payment, whilst carrying out a dialogue with a virtual sales consultant, without having to leave the application. With the integrated payment solution, the customer can pay via credit card, iDeal or PayPal.

As a result of the service provided by Wirecard and Cognigy, there is enormous potential to change personalized online retail in the long run. Around the world, there are more than 200,000 chatbots for Facebook alone. According to a survey by HubSpot Research in six countries (USA, UK, Ireland, Germany, Mexico and Colombia), almost half of all consumers are open to making a purchase only with the help of a virtual purchasing advisor. This form of customer interaction, using artificial intelligence as a consultancy tool as well as incorporating the digital payment function in the purchasing process, is taking the individual shopping experience in conversational commerce to a new level.

Sascha Poggemann, Founder and COO at Cognigy: “For billions of users, messaging apps such as Facebook Messenger and WhatsApp are by far the most popular apps on their smartphones and are playing an ever more important role as an online shopping tool. It is a great benefit for consumers if they can find and purchase products directly on their smartphone by way of automated, fully digital dialogue. We are pleased that we, together with Wirecard, have found a solution that enables digital payment transactions within a chatbot.”

Catharina Tiede, Head of Partner Management for Consumer Goods and Product Innovations at Wirecard, adds: “The fact that the customer does not need to leave the chat with the virtual sales advisor at any point during the purchasing process is a key factor for the perfect user experience. Even when paying! With this product, companies can optimise their digital service and ensure greater customer retention as they are available around the clock and in any desired language. We are happy to provide an important element for this smooth user experience with our digital payment method for conversational payment."

Anybody interested in this innovative payment solution can see it live in action at the dmexco 2018 in Cologne from 12 to 13 September at the Wirecard stand (Hall7, D051) and the Cognigy stand (Hall 5, Level 2).

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https://www.wirecard.com/company/press-releases/wirecard-and-cognigy-facilitate-smooth-payments-in-conversational-commerceWed, 12 Sep 2018 08:00:00 +0200
7873<![CDATA[Wirecard to collaborate with Q Versicherung to provide insurance for online retailers]]>

Wirecard, the global leader in innovation for digital financial technology, is entering into a new partnership with Q Versicherung Service to provide online shop operators with an innovative, tailor-made insurance solution via the Checkout Portal. Q Versicherung is an online service provider and provides exclusive, target group-specific insurance products and coverage concepts.

The Wirecard Checkout Portal offers SMEs and start-ups alike a plug-in tool to guarantee online payment options that are suited to individual requirements. The registration process is fast, uncomplicated and can be completed directly online with minimal administrative effort. The Checkout Portal allows e-commerce merchants to offer any desired payment methods and integrate them.

The insurance cover for Wirecard partners will as of now help the online shop operators make their business more secure and as a result even more efficient. In addition to protecting against financial damages, this insurance package goes one step further: Online shops are also set to receive help in recognizing and minimizing risks. In addition, they will be informed of current threat situations via a specially-developed app. A modular approach allows partners and customers of Wirecard to collate comprehensive insurance cover individually.

Florian Gnan, CEO at Q Versicherung, says: “As a result of the new cooperation with the Wirecard Checkout Portal, we are delighted to be able to support even more operators with our innovative insurance solutions. Above all else, security and trust are required for success in e-commerce.”

Timo Seifert, Head of Setup & Development at Wirecard, adds: “A deficient product or an inadequate service can result in incalculable financial burdens. As a result of our cooperation with Q Versicherung, we are helping online retailers to control such risks and in so doing reduce the costs for risk situations.”

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https://www.wirecard.com/company/press-releases/wirecard-to-collaborate-with-q-versicherung-to-provide-insurance-for-online-retailersTue, 11 Sep 2018 08:00:00 +0200
7875<![CDATA[Jet Airways expands collaboration with Wirecard on international payment solutions]]>

One of the largest private Indian airlines, Jet Airways (India) Limited, has expanded its collaboration with Wirecard, the leading innovation driver in digital financial technology, in order to offer a wider range of international payment solutions. The companies have been collaborating for ten years – the current expansion includes more payment options worldwide.

Established in 1992, Jet Airways carries millions of passengers today and has 66 destination airports in Asia, Europe, and North America. In parallel, India is among the world’s fastest-growing markets for airlines travels: At the beginning of the new millennium, around 14 million people in India boarded an aircraft every year – meanwhile, it is almost 140 million.

To process payment at local travel agencies around the world, Jet Airways uses the International Air Transport Association (IATA) interface for billing together with settlement plan (BSP) via Wirecard’s platform. This allows Jet Airways to process ticket sales in a faster and easier way, as this is the most widespread system in the world for simple processing of airline ticket sales. In order to offer holidaymakers and business travelers additional convenience and greater choice during the payment process for their booking, Jet Airways is implementing Wirecard’s technology solutions straight away via all channels.

Marnix Fruitema, Executive Vice President - Commercial, Jet Airways, says: “The reason why we choose Wirecard is the technical expertise that Wirecard has already proven very well in the aviation industry. We chose Wirecard because our partner airlines were impressed with the efficiency and performance of their payment solutions.”

“Digitization has brought about huge changes in all areas of the travel and transport industries, and this goes for airlines too. This means that the internationalization of regional airlines in particular is increasingly important. We are delighted to support Jet Airways in this development and to accompany them on their journey”, says Eckart Reiche, VP Global Airline Sales at Wirecard.

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https://www.wirecard.com/company/press-releases/jet-airways-expands-collaboration-with-wirecard-on-international-payment-solutionsThu, 06 Sep 2018 08:00:00 +0200
7877<![CDATA[Wirecard’s payment solution available across online IKEA stores in Malaysia]]>
  • Shoppers will be able to benefit from a fuss-free and secure payment experience when they make purchases at IKEA stores in Malaysia
  • New payment options to be rolled out for Singapore and Malaysia consumers

Online shoppers at IKEA can now benefit from Wirecard’s integrated payment solution launched in Malaysia today. The solution from the leading innovation driver of digital financial technology allows consumers to choose from a range of payment options for products and services, while ensuring that every transaction is secure.

This is part of a regional wide roll-out of Wirecard’s platform services across IKEA stores in Southeast Asia, which has been launched in Singapore and will be rolled out in Thailand in the coming months.

Koen Besteman, Head of e-Commerce for IKEA Southeast Asia, commented: “We are delighted to offer a high-quality and safer shopping experience for our IKEA consumers in Malaysia through our cooperation with Wirecard. Be it credit, debit or other alternative payment methods, our customers will be able to enjoy a peaceful and safer shopping experience when shopping online.”

Jeffry Ho, Regional Managing Director at Wirecard, added: “One of the challenges businesses with regional presence face is in trying to tie their operations across various markets together. With our technology and expertise, what we at Wirecard can do to is help businesses like IKEA focus on what they do best. For IKEA, that is about delivering great home and furnishing experiences while we support them in offering seamless and flexible payment experiences to fully digitize their payment processes. We are excited to bring these possibilities live to online stores in IKEA Malaysia, and look forward to extending the option to a wider segment of IKEA shoppers across Southeast Asia in the coming months.”

The service by Wirecard is based on a single integration point for all payment methods across the region, enabling IKEA Southeast Asia to profit from simplified integration and faster rollout. In addition, the system offers real-time checks enabling IKEA Southeast Asia the ability to ensure payments are timely made while ensuring fraud prevention.

To learn more about e-commerce in Singapore and Malaysia, read our blog article.

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https://www.wirecard.com/company/press-releases/wirecards-payment-solution-available-across-online-ikea-stores-in-malaysiaTue, 04 Sep 2018 08:00:00 +0200
7879<![CDATA[Wirecard gains the Kraemer Jeweler Group as new customer]]>

Integration of Alipay in the central till system of the Kraemer Jeweler Group enabled via the Wirecard ePOS App

Wirecard, the leading specialist for digital financial technology, has gained the Kraemer Jeweler Group as a new customer for China’s most popular mobile payment solutions, of which Alipay is one. The payment methods are to be integrated in the till systems of the Jeweler Group’s stores across Germany by way of the Wirecard ePOS App. Within the framework of this collaboration with the Kraemer Jeweler Group, Wirecard will provide acceptance and assume responsibility for transaction processing. Using the Wirecard ePOS App, retailers can access popular international payment options and value-added services.

The Cologne-based Kraemer Jeweler Group boasts a rich history. Its 45 stores in Germany offer a wide range of jewelry and watches, while the company is also well-known as a wedding rings specialist in Germany. Juwelier Pletzsch also forms part of the Kraemer Jeweler Group and is a well-known address for jewelry and watch customers. Pletzsch will initially introduce the most popular Chinese payment options at its locations in Frankfurt, Dusseldorf, Essen and Mannheim.

Europe and especially Germany remain the most popular holiday destinations for Chinese tourists, for whom shopping is a priority on their trips away. Each year, Chinese consumers spend on average EUR 28,000 on shopping, with luxury items above all in demand. In total, 7.6 million Chinese households fork out for quality, high-value products on an annual basis.

Markus Viegener, Head of Finance and Administration at the Kraemer Jeweler Group underlines: “By successfully integrating Alipay in our till system with the help of Wirecard, we are offering Chinese tourists an additional service and becoming a sought-after point of contact for first-class jewelry and watches. By using Alipay's marketing platform, we can target potential customers and inform them about offers before they arrive.”

Vanda Kospic, Head of Sales Consumer Goods at Wirecard: “We want to help retailers to offer their customers familiar, trusted payment methods. We are delighted to support the Kraemer Jeweler Group and their range of quality jewelry and watches. From experience with other retailers, we are aware that Chinese consumers tend to be more prepared to spend larger sums of money when their domestic payment methods are also available at European retailers.”

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https://www.wirecard.com/company/press-releases/wirecard-gains-the-kraemer-jeweler-group-as-new-customerThu, 30 Aug 2018 07:30:00 +0200
7881<![CDATA[Wirecard Brazil will offer digital financial services for tens of thousands of customers]]>

To facilitate entrepreneur’s financial life is a mission of Wirecard Brazil (Moip), a company that is part of Wirecard Group, the leading specialist for digital financial technology. To pursue this mission, the company is releasing new financial features for all of its dozens of thousands of small sized clients, who are using Wirecard Brazil’s payment solutions. This new digital features will allow entrepreneurs to do transfer to third parties and bill payments. In addition, later this year, Wirecard will provide them with card solutions and lending services to facilitate their financial management.

Around 33% of the Brazilian population still do not have a bank account, because of the financial infrastructure within the market. In parallel, the fintech adoption rate is growing fast, by nearly 30% a year. With the new financial services, Wirecard Brazil is leveraging on this trend and is closing the gap of financial inclusion in Brazil.

As a first step, all users will be able to make transfers to third parties and pay bills with the values obtained from their sales without having to do an intermediary transaction to their own bank account. The new digital features will also provide more efficiency and convenience to customers, improving their financial management and reducing tariff costs.

Igor Senra, Managing Director at Wirecard Brazil, comments: “These new financial features are part of a larger project that will allow our customers to use the money from their sales in various ways, all through one platform, regardless of the business model. Besides the option to have a new kind of bank account, we will be able to issue cards and offer the possibility of loans later this year.”

The new digital value added features are already available to a limited customer base and will be released to all users from October 2018 onwards.

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https://www.wirecard.com/company/press-releases/wirecard-brazil-will-offer-digital-financial-services-for-tens-of-thousands-of-customersMon, 27 Aug 2018 07:45:00 +0200
7883<![CDATA[Wirecard and Wirelane offer payment solution at thousands of e-mobility charging stations]]>

Wirecard, the international leader of innovation in the field of digital financial technology, is launching a rapid, barrier-free, easy-to-use payment solution together with the Munich-based specialists for e-mobility and charging infrastructure, Wirelane, which is to be rolled out at nearly 6,000 charging stations across Europe on a gradual basis.

Wirelane is a provider of software and hardware for charging electric vehicles. In addition to the management and administration of charging stations, the company has developed a new high-tech charging station for both the private and public sector. This will further accelerate the charging process and make it far simpler than conventional charging pillars. The Wirelane app enables the access to 60,000 charging points across Europe. Nearly 6,000 charging points have already been fitted with Wirecard software for all downstream settlement processes. A module developed by Wirecard will in future facilitate contactless payments without any protracted registrations processes. End customers can use NFC-enabled credit cards or smartphone wallets such as Google Pay or Apple Pay to initiate the charging process with just a simple “tap” on the station.

Constantin Schwaab, CEO of Wirelane: “Together with Wirecard, we are digitizing the charging process of electric vehicles, and this also includes the payment at charging stations. Our back office already enables business partners across Europe to manage their own infrastructure. End users should now also benefit from the use of charging options. Accordingly, we are pleased to have found an excellent partner with Wirecard to allow our customers the simplest possible payment. Therefore, we are excited to have found an exceptional partner in Wirecard in order to together offer our customers the simplest possible payment experience.”

Axel Puwein, Director of Products & Innovation at Wirecard CEE, adds: “Up until now, owners of electric cars have often had to deal with lengthy registration processes and had to have internet access. Wirecard is now ensuring that they can make us of a barrier-free, uncomplicated payment process directly at the charging station. The issue of e-mobility has become a future-orientated topic for the automotive industry as a whole, and we are excited to implement a fully digitized process for charging electric vehicles together with Wirelane.”

Interested parties can experience the innovative charging and payment solution in person at the “Krone E-Mobility-Play Days” event at the Red Bull Ring in Spielberg, Austria on 29 and 30 September 2018. Wirecard and Wirelane will be showcasing how the system works in practice at the event.

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https://www.wirecard.com/company/press-releases/wirecard-and-wirelane-offer-payment-solution-at-thousands-of-e-mobility-charging-stationsTue, 21 Aug 2018 08:00:00 +0200
7885<![CDATA[Wirecard AG: Strong first half of the year]]>

Transaction volume in H1/18 increased by 48.5 percent Consolidated revenues increased by 45.8 percent EBITDA increased by 39.0 percentFree cash flow increased by 40.2 percentEBITDA guidance 2018 increased

In the first half of the current fiscal year, Wirecard AG was able to record strong growth.

Consolidated revenues for the Group increased in the first half of 2018 by 45.8 percent to EUR 897.6 million (H1/2017: EUR 615.5 million). In the second quarter of 2018, revenues increased in comparison to the same quarter of the previous year by 40.1 percent to EUR 477.1 million (Q2/2017: EUR 340.6 million).

In the first half of 2018, operating earnings before interest, tax, depreciation and amortisation (EBITDA) increased in comparison to the same period of the previous year by 39.0 percent from EUR 176.5 million to EUR 245.4 million. EBITDA increased in the second quarter of 2018 by 39.8 percent to EUR 133.0 million (Q2/2017: EUR 95.2 million).

In the first half of 2018, earnings after tax increased by 46.6 percent to EUR 153.3 million (H1/2017: EUR 104.5 million).

The cash flow from operating activities (adjusted) amounted to EUR 196.2 million. Free cash flow increased by 40.2 percent to EUR 161.4 million (H1/2017: EUR 115.1 million).

The transaction volume processed through the Wirecard platform grew in the first six months by 48.5 percent to EUR 56.2 billion (H1/2017: EUR 37.9 billion).

Wirecard CEO Dr. Markus Braun commented: “We have recorded strong organic growth, not least due to the accelerating global trend towards the digitalisation of payment processes. Digitalisation is still only at the very beginning in many sectors. Therefore, retailers have enormous potential for growth by combining all sales channels via one uniform, digital platform. Customers thus receive a seamless purchasing experience and retailers can manage customer contact in real time.”

The Management Board expects the strong business performance to continue in the second half of 2018. As a result of the strong growth, the EBITDA forecast for the 2018 fiscal year has been increased to between EUR 530 million and EUR 560 million (previously: between EUR 520 million and EUR 545 million).

The Q2/Six-Monthly Report as of 30 June 2018 is available on the company’s website at: ir.wirecard.com/financialreports

Photos: wirecard.com/newsroom/imagefinder/

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https://www.wirecard.com/company/press-releases/wirecard-ag-strong-first-half-of-the-yearThu, 16 Aug 2018 08:00:00 +0200
7887<![CDATA[Wirecard gains duty-free supplier Gebr. Heinemann as new customer for Chinese payment]]>

Wirecard, the digital financial technologies specialist, is now cooperating with Gebr. Heinemann to integrate the most popular Chinese payment methods, among others Alipay, into the central checkout system of the Hamburg-based trading company’s Duty Free and Travel Value Shops at airports. Heinemann is the market leader in Europe and the only family-owned company among the global players in the duty-free sector. Following the launch in Germany, the solution is to be rolled out at 12 other European airports and then globally.

Raoul Spanger, Executive Director Retail & HR at Gebr. Heinemann: "Chinese tourists are becoming an increasingly important target group worldwide. We are pleased to now be able to offer our Chinese guests their domestic mobile payment methods thanks to Wirecard. Through the marketing platforms provided by Alipay, for example, we will be able to provide them with personalized offers for our range of products before they leave.

Christian Reindl, Executive Vice President Sales Consumer Goods at Wirecard: "Chinese consumers now expect retailers worldwide to offer them familiar payment experiences. We are therefore pleased to have won Gebr. Heinemann as a new customer, with whom we are planning to jointly shape the digitization of payment processes.”

Shopping for luxury and international branded goods is a particularly popular activity among Chinese tourists and an integral part of their holidays. Heinemann’s Duty Free and Travel Value Shops are a popular destination for travelers from China. By accepting Chinese payment methods, the trading house is now gaining a young, online-affine and financially strong target group.

The fact that it is worthwhile for European merchants to respond to the payment habits of Chinese tourists can be seen in the experience of other Wirecard customers, for whom the introduction of the new payment methods has almost quadrupled sales from Chinese tourists within the space of 12 months.

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https://www.wirecard.com/company/press-releases/wirecard-gains-duty-free-supplier-gebr-heinemann-as-new-customer-for-chinese-paymentTue, 14 Aug 2018 08:00:00 +0200
7889<![CDATA[Wirecard and comdirect now offer contactless payment via wearables]]>

Wirecard, the international leader in innovation for digital financial technology, and comdirect are working together to facilitate contactless payment via wearables. With 2.4 million B2C customers, comdirect is among Germany’s leading online banks. Together, Wirecard and comdirect – in partnership with Visa payment technology – are offering contactless payment via wearable devices during the 2018 German Beach Volleyball Championships taking place in Timmendorfer Strand from August 31 to September 2, 2018.

Matthias Hach, comdirect Sale and Marketing Director: “Our cooperation with Wirecard enables us to offer a quick and easy payment experience – a further step for us in consolidating our position as a pioneer in the field of mobile payments. As a smart financial partner we aim to offer our customers solutions that make life easier in all financial matters.”

Thorsten Holten, Executive Vice President Sales Financial Institution and FinTech Europe at Wirecard, adds: “We are increasingly seeing that consumers are combining sporting activities with seamless payments. In this way, a brand new market for intelligent, fully digital payment wearables for leisure activities is being created. The wearables supplied by Wirecard and comdirect offer users a state-of-the-art payment experience.”

The wearable campaign is running as part of a long term partnership between comdirect and the German Volleyball Association (DVV). During the event, around 5,000 wristbands will be distributed to spectators, which can be used for a variety of payments at the event venue.

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https://www.wirecard.com/company/press-releases/wirecard-and-comdirect-now-offer-contactless-payment-via-wearablesThu, 09 Aug 2018 12:00:00 +0200
7891<![CDATA[Wirecard signs global framework agreement for e-commerce services with Viessmann]]>

Wirecard, the global leader in innovation for digital financial technology, has gained Viessmann, one of the world’s leading manufacturers of heating, industrial and refrigeration systems, as a new customer. Now that a global framework agreement has been signed, Wirecard will assume responsibility for processing alternative payment methods for Viessmann’s e-commerce store – starting in Canada, Germany and Belgium, before being expanded to include Italy and other markets in future.

To this end, Wirecard will combine payment methods such as credit cards, Sofort transfers and American Express, among others. The most recent version of the FPS (Fraud Prevention Suite) risk management system will also be used in Viessmann’s e-commerce store. The system identifies data and behavioral patterns in real time and uses machine learning and artificial intelligence in order to effectively prevent fraud and ensure maximum security for all payment options on offer.

Through this cooperation with Wirecard and its partner Paylobby, Viessmann is taking account of the trend towards ever more goods being ordered online. Together, the companies will further advance the digitization of payment processes and set a landmark in the digital transformation of administrative management solutions in heating, industrial and refrigeration technology.

Christian Reindl, Executive Vice President Sales Consumer Goods at Wirecard: “We are delighted to be in a position to exploit the benefits of global digitization together with Viessmann.” Catharina Tiede, Head of Partner Management Consumer Goods at Wirecard, adds: “After a successful launch in Canada, we will now begin to roll out customized digital financial technology solutions around the world together with Paylobby.”

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https://www.wirecard.com/company/press-releases/wirecard-signs-global-framework-agreement-for-e-commerce-services-with-viessmannWed, 08 Aug 2018 08:00:00 +0200
7893<![CDATA[Wirecard launches fully digital payment product in South Africa to boost online sales]]>

Wirecard, the global innovation leader in digital financial technology, today announces the launch of secureEFT in South Africa. SecureEFT is an instant electronic funds transfer payment service that allows customers to make secure online payments directly into a bank account and get notified in real-time. Merchants who receive payments from consumers via Electronic Funds Transfer (EFT), can from now on get instant notification of successful settlement, significantly speeding up transactions. The new product will enable merchants to boost their online sales by as much as 30 percent.

According to Statista, online orders in South Africa will grow strongly: Revenue is expected to show an annual growth rate (CAGR 2018-2022) of 13.2 percent, resulting in a market volume of US$5,431m in 2022. EFT payments are the second most popular online payment method in South Africa – with this, citizens are paying their rent, fees for doctors’ appointments, school fees and further daily needs.

As many consumers in South Africa still do not use payment cards, Wirecard is now able to accelerate the completion of the purchase process when goods or services are purchased online and paid for by EFT. Merchants can now benefit from seamless integration – using Wirecard’s payment page enables integration with no additional coding necessary.

“Instant notification of successful payment means goods and services can be released or delivered real-time by the merchant – they know instantly that they have been paid. As a result we have seen an up to 30 percent higher conversion rate with some merchants using our EFT solution,” said Hannalie Marsh, General Manager at Wirecard South Africa. “Our product offers a simple three-step payment process, which includes faster check-out speeds – about eight seconds versus around 20 seconds previously regarded as the industry norm. Wirecard is one of the biggest players in payments in South Africa and people trust our brand. We are looking forward to further digitizing payment processes to generate more added-value for merchants and end-consumers.”

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https://www.wirecard.com/company/press-releases/wirecard-launches-fully-digital-payment-product-in-south-africa-to-boost-online-salesWed, 01 Aug 2018 08:00:00 +0200
7895<![CDATA[Wirecard, EZ-Link and Cheers partner to reduce the usage of loose change in Singapore]]>

Wirecard, the global innovation leader for digital financial technology, today announces the expanded partnership with EZ-Link and Cheers to launch a new cashless solution in Singapore. Through this partnership, users are able to convert their loose change directly into stored value on EZ-Link cards and EZ-Charms – Singapore’s most widely used contactless solution for commute on buses and trains, as well as lifestyle purchases island-wide. This initiative was first announced earlier this year, in February, as part of a joint effort by EZ-Link and NTUC (National Trades Union Congress in Singapore) to encourage cashless transactions and reduce the usage of coins countrywide.

The cooperation supports Singapore’s nationwide e-payment drive in pushing users to go cashless, as the country continues to harness technology to bring greater convenience, speed and security to citizens. From shopping to payment in stores, the loose change top-up service offers an integrated and fuss-free e-payment experience.

When making purchases with cash at select Cheers outlets, consumers just need to inform the cashier to top-up their EZ-Link directly with the change they receive. This minimizes any inconvenience and time needed to count the coins. No transaction fees are required to use the service.

Nicholas Lee, CEO at EZ-Link, said: “EZ-Link continuously seeks partnerships to roll out new and innovative ways to promote e-payment adoption across Singapore. With Wirecard’s digital payment expertise, we are able to build an e-payment solution that not only reduces cash handling but allows our users to top up their EZ-Link at the same time.”

Mr Seah Kian Peng, CEO of NTUC FairPrice, added: “At NTUC FairPrice, we embrace innovation to provide greater value-added services to enhance the shopping experience for our customers. To complement the growing preference towards cashless transactions especially on public transport, our Cheers stores empower customers a convenient option through Wirecard’s cashless solutions. Customers can simply convert the change from their purchases to their EZ-Link card – this minimizes the need for unnecessary separate trips just to top-up their cards.”

Jeffry Ho, Regional Managing Director at Wirecard, said: “With both EZ-Link and Cheers being so deeply embedded in the lives of Singaporeans, we’re delighted to partner with them by improving the everyday experience of those they serve through offering new and innovative payment options. Being at the forefront of the digitization of payment processes, we’re constantly exploring new initiatives that support the national agenda to accelerate the promotion of a cashless lifestyle in Singapore.”

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https://www.wirecard.com/company/press-releases/wirecard-ez-link-and-cheers-partner-to-reduce-the-usage-of-loose-change-in-singaporeMon, 30 Jul 2018 08:00:00 +0200
7897<![CDATA[Wirecard expands partnership with SAP to launch Wirecard Extension for SAP Commerce]]>

Wirecard, the global innovation leader in the field of digital financial technology, is expanding its long-standing partnership with SAP, the global market leader in the segment of enterprise application software, to launch Wirecard Extension for SAP Commerce.

SAP Customer Experience (former SAP Hybris) is a global provider of enterprise multichannel e-commerce and product content management software which offers merchants tailored solutions for e-commerce, marketing, (pre-)sales, customer service and subscriptions & usage-based billing. As the market leading solution for e-commerce, providing robust support for B2B and B2C business models, SAP Customer Experience is responsible for all of SAP’s customer engagement and e-commerce businesses worldwide. Wirecard provides SAP Customer Experience with the Wirecard Extension for SAP Commerce, a solution which allows merchants to profit from a wide range of value-added payment acceptance services.

Thanks to Wirecard’s expertise in the field of digital financial technology, SAP Customer Experience customers will be able to benefit from extensive payment and acquiring solutions provided on one digital platform. Wirecard will be offering merchants a wide range of payment services via SAP’s Omnichannel-Software. Through the extension of this strategic partnership, Wirecard is strengthening its leadership in the digital commerce segment.

Michael Brinkmann, Executive Vice President Partner Management at Wirecard, said: “We are pleased to contribute a full-scope payment integration to the SAP commerce ecosystem. With our new extension we follow our principal of the global digitalization of financial processes. We are looking forward to further expanding the partnership with SAP in the future.”

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https://www.wirecard.com/company/press-releases/wirecard-expands-partnership-with-sap-to-launch-wirecard-extension-for-sap-commerceTue, 24 Jul 2018 08:00:00 +0200
7899<![CDATA[Wirecard gains reifen.com as a customer for omnichannel shopping solution]]>

Wirecard, the global leader of innovation for digital financial technology, offers reifen.com an omnichannel payment solution from now on. Wirecard will assume full responsibility for payment processing across all channels for one of the leading companies in the field of tire services. In addition to credit card payments in 37 branches across Germany and the online shop, Wirecard will allow e-shoppers to pay via Diners/Discover, Masterpass and direct debit, among other options.

In addition, a customized version of the risk management FPS (Fraud Prevention Suite) will go into action. The system identifies data and behavioral patterns in real time, using machine learning and artificial intelligence (AI) in order to effectively prevent fraud and guarantee maximum security for all payment options offered.

Reifen.com is a multi-award winning company, with six awards presented to the company in 2018 alone. The product range covers car tires, rims, tire sets, motorbike, off-road and transporter tires in addition to accessories. The collaboration with Wirecard and introduction of the omnichannel shopping solution will allow reifen.com to exploit two trends simultaneously: the conflation of online and in-store shopping and increasing share of purchases made online. By 2020, global e-commerce sales are set to more than double.

Michael Härle, Managing Director at reifen.com, says: “The digitization of our service offering is a high priority for us, as we can only consistently improve if our business remains fit for the future. Wirecard is the right partner for us in digitizing our payment processes. Together, we can create seamless shopping experiences for our customers.”

Christian Reindl, Executive Vice President Sales Consumer Goods at Wirecard, adds: “The competition in the tire industry is huge, placing retailers under ever greater pressure. reifen.com is tackling this challenge by offering customers seamless shopping experiences. We are convinced that omnichannel shopping solutions via one platform are the right approach in order to exploit the potential offered by value added services to the maximum. We are delighted to support reifen.com in implementing this solution.”

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https://www.wirecard.com/company/press-releases/wirecard-gains-reifen-com-as-a-customer-for-omnichannel-shopping-solutionFri, 20 Jul 2018 08:00:00 +0200
7901<![CDATA[Wirecard and Mastercard expand cooperation to promote contactless wearable payments]]>

§ Wirecard and Mastercard are strengthening the current mobile payment trend in Germany

§ boon, the fully digitized mobile payment app from Wirecard, allows all users to make mobile payments independently of their bank

§ The partners are planning further joint projects in the field of mobile payments via wearables

Wirecard, the global innovation leader for digital financial technology, and Mastercard, the international technology company for payment transactions, have today announced that they are to expand their existing strategic cooperation with the aim of making digital, contactless payments via wearables accessible to ever more consumers. As a result, boon from Wirecard will be available in Germany via Garmin Pay as of today. Further future cooperation projects are planned, which will make mobile payment with the own smartwatch available for more and more users.

Garmin Pay customers can now benefit from smartwatch-based payments with boon in Germany and six further European countries independent of their bank, as they are owners of a digital boon Mastercard. boon is the quickest growing mobile payment solution in Europe and since 2015 the industry’s first fully digitized mobile payment solution to operate independently of banks. Currently, Garmin Pay functions with the GPS multisport smartwatches vívoactive 3 and vívoactive 3 Music, the GPS fitness watches Forerunner 645 and Forerunner 645 Music in addition to the fēnix 5 Plus series.

Arne Pache, Vice President Digital Payments & Labs at Mastercard, says: “The point of sale (POS) is being more strongly affected by evolving innovations than ever before. Customers expect sleek payment processes without delays at the till. As visionary companies, Mastercard and Wirecard recognize this trend. We have joined forces in order to actively shape the future of contactless, digital payments and are delighted to today announce our expanded collaboration with Garmin Pay.”

Georg von Waldenfels, Executive Vice President Consumer Solutions at Wirecard, adds: “Over the next five to ten years, payment processes at the POS will undergo a digital revolution. As leaders of innovation for digital financial technology, we are excited about the expansion of our strategic cooperation with Mastercard and today’s launch with Garmin Pay in Germany. boon users can now utilize their digital boon Mastercards on their favorite smart devices on the move, for example while out jogging or doing any other kind of exercise – it has never been so easy to make payments while maintaining your fitness regimes at the same time. Our intention is to offer these added values to as many consumers as possible.”

For more information on boon, please visit https://www.boonpayment.com and on Garmin Pay visit www.garmin.com/garminpay.

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https://www.wirecard.com/company/press-releases/wirecard-and-mastercard-expand-cooperation-to-promote-contactless-wearable-paymentsTue, 17 Jul 2018 08:00:00 +0200
7903<![CDATA[Wirecard expands e-commerce portfolio with rapid custom design tool for online merchants]]>

Wirecard, the global innovation leader in digital financial technology, is launching a new Payment Page Designer for online retailers and thereby expanding its portfolio of value-added services for e-commerce. With greater ease than ever before, e-commerce operators of every size can now adapt the design of the payment options in their online shops within minutes. From now on, retailers stand to benefit from quicker set-up times and increased conversion rates at the same time. In this context, the Wirecard Payment Page Designer combines ease of integration and adaptation with high levels of visual flexibility.

Markus Eichinger, Executive Vice President Group Strategy at Wirecard: “With this state-of-the-art checkout solution for online merchants, we have created a significantly simplified tool to integrate payment as seamlessly as possible into the entire shopping process. The continuous development of the Wirecard platform thus creates immediate value for our merchants, since better visual payment integration also increases the conversion rates. This fully integrated digital solution is a good example of Wirecard's claim to be the innovation leader also in the core area of e-commerce acceptance.”

The new Payment Page Designer – an intuitive web interface – allows all visual elements to be adapted. With the help of the new solution, retailers can match their payment pages to precisely reflect their visual brand identity, thereby optimizing the customer experience.

Jan Simko, Vice President at Wirecard, adds: “Wirecard’s Payment Page Designer facilitates highly configurable, secure and seamless payment experiences, which take into account the requirements of modern e-commerce via smartphones. By integrating the platform in the Wirecard Payment Page (WPP), we are optimizing the visual experience for end consumers. Our merchant-oriented solution is adapted to the customers’ different visual requirements – they do not need to have any graphic design skills; payment pages can be created in a matter of minutes without any extensive programming efforts.”

Please click the following link to access the Wirecard Payment Page Designer: https://designer.wirecard.com/

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https://www.wirecard.com/company/press-releases/wirecard-expands-e-commerce-portfolio-with-rapid-custom-design-tool-for-online-merchantsFri, 13 Jul 2018 07:30:00 +0200
7905<![CDATA[Wirecard Brazil is expanding its collaboration with Natura, the leading cosmetic company]]>

The leading specialist for digital financial technology, Wirecard, is providing Natura, one of the leading cosmetic, perfumery and personal goods companies in Brazil, with its new digital finance features.

The new features offer greater technological and scalable insights for merchants within marketplaces, which in turn allow entrepreneurs improved financial control and offer customers an improved shopping experience. The upgraded version includes a range of value-added features such as split payments, automatic refunds, bank account transfers, financial reconciliation and much more. Experience with other merchants has shown that conversion rates and merchant satisfaction can be significantly increased by introducing these new features.

Murillo Boccia, Natura’s Chief Digital Officer, said: “Wirecard’s support has been essential for Natura’s development in the Brazilian e-commerce sector. With the new analytics and digital finance tool offered by Wirecard, our consultants can improve their financial management with greater ease than ever before”.

Igor Senra, CEO at Wirecard Brazil, commented: “We are delighted to be strengthening the Brazilian e-commerce market with our digital financial technology solutions – all via a single platform. Natura will now benefit from new technological resources to serve consultants in Brazil.”

Natura is the market leader for the direct sales sector in Brazil with more than 1.7 million consultants and is part of Natura & Co, a result of the combination of Natura, The Body Shop and Aesop brands. Brazil plays a major role in the direct sales segment, as it is responsible for 5% of global sales and ranks sixth in this segment overall. In 2017, the industry handled R$45.2 billion with 4.1 million active entrepreneurs according to the Associação Brasileira de Empresas de Vendas Diretas (abevd).

Natura and Wirecard began collaborating in 2014, with Natura having taken advantage of extra features occasionally since this time. Natura now benefits from all marketplace features offered by Wirecard Brazil.

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https://www.wirecard.com/company/press-releases/wirecard-brazil-is-expanding-its-collaboration-with-natura-the-leading-cosmetic-companyWed, 11 Jul 2018 08:00:00 +0200
7907<![CDATA[Wirecard and T-Systems offer innovative concept for connected shopping]]>

Wirecard and T-Systems are working with retailers on the digital supermarket: The concept is designed to let consumers draw up their shopping list using an app, for example, at home. In-store, shoppers link their smartphones to a shopping cart that will take them interactively through the store to the items on their shopping list. The shopping cart is equipped with a screen showing which products on the list are already in the cart and, in line with this, customers also receive appropriate personalized information and offers. Sensors capture the route at certain points in the store.

Customers scan the products they selected with the app and at the end of the shopping process, they pay quickly and conveniently in a single click. Customers and retailers benefit to an equal degree: Consumers can quickly link their app, including their digital shopping list, with the shopping cart and – most importantly – save time when paying. Retailers can identify actual customer paths and preferences from the data captured. This gives them valuable insights into where best to place their products. The new prototype of the networked shopping cart uses loT technology with AI algorithms. It makes clear how fully digitized solutions can completely revolutionize in-store shopping experiences – and can replace proprietary till systems.

Dirk Rumler, Vice President Retail at T-Systems, says: “High-street retailers must make huge changes, because this is the only way they will be able to keep pace with the fast growth of online retail. Genuine innovative spirit is required. This starts by combining the channels and extends to personalized shopping in-store without having to wait in line. New digital approaches in combination with strong partners will strengthen retailers in the face of the competition over the long term. We are delighted to introduce retailers to the digital supermarket concept together with Wirecard.”

Alexander Hahn, Vice President POS Retail Solutions at Wirecard, adds: “We are assuming that in five years’ time, the major proportion of retailers will be offering seamless checkouts and other services via apps. Successful retailers are already concentrating more on perfecting the in-store shopping experience than on actual retail transactions. With this, payment processes are increasingly fading into the background to make way for the fully-integrated digital solutions of the future. With their digital shopping concept, T-Systems and Wirecard are showing retailers how they can now adopt a proactive focus on the needs and wishes of their customers.”

Wirecard and T-Systems provide digitization support to retailers and have been working together on this since April 2016.

For further information, please watch our video or read our blog post.

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https://www.wirecard.com/company/press-releases/wirecard-and-t-systems-offer-innovative-concept-for-connected-shoppingFri, 06 Jul 2018 08:00:00 +0200
7909<![CDATA[Wirecard gains leading telecommunication operator Telenor for payment services]]>

Wirecard, the leading innovation driver of digital financial technology, and Telenor, a leading telecommunication operator in Bulgaria with over 3.1 million active subscribers, launched processing services to offer customers of Telenor Bulgaria an increased range of digital payment methods. From now on, Telenor’s customers will be able to benefit from credit card payments using MyTelenor app.

Telenor Bulgaria is part of the international Telenor Group, which operates across Europe and Asia and has 170 million mobile subscribers. MyTelenor is a self-care mobile application that allows customers to manage all Telenor Services from mobile. It enables Telenor’s users to pay their own and others’ monthly bills, to top up their credit in real-time and to monitor their data bundles usage, purchases, and add-ons.

Due to the integration of Wirecard’s payment services into the MyTelenor app, subscribers of Telenor Bulgaria can from now on profit from fast and safe credit card payments. The new solution offers customers more payment flexibility, allowing them to decide whether their credit card data shall be stored by Wirecard for separate one-click-payments or recurring payments on a monthly basis.

Evgenia Ovcharova, Digital Experience Director at Telenor Bulgaria, said: “With Wirecard we have found a reliable partner for our payment requirements. Wirecard’s acquiring solutions enable us to move on flexibly to convenient digital payment solutions, which are requested by our high customer-oriented standards. We are really looking forward to developing further services and fulfilling the needs of our customers.”

Philippe Laranjeiro, Head of Sales Digital and Telecommunications at Wirecard, added: “We are delighted that we have gained Telenor Bulgaria as a new customer and to support them with our highly valuable payment processing solutions. We are looking forward to the extension of our future collaboration, continuously enabling Telenor to digitalize processes across all sales channels.”

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https://www.wirecard.com/company/press-releases/wirecard-gains-leading-telecommunication-operator-telenor-for-payment-servicesTue, 03 Jul 2018 08:00:00 +0200