Posted on 06/09/2016 at 08:28

New cooperation in the field of FinTech to launch shared Wallet

New cooperation in the field of FinTech to launch shared Wallet ©MyOrder

Wirecard and MyOrder enable sharing group expenses via an App

The Wirecard Group and MyOrder B.V. (a Rabobank Company) cooperate to create new FinTech solutions. Wirecard and MyOrder now enabled GRPPY (Grouppay, to create a shared wallet. GRPPY is Rabobank latest startup and is using the platform of MyOrder, for which Wirecard already provides the complete wallet infrastructure as a technical service provider. GRPPY, the group wallet on your mobile, is available for download in all app stores in the Netherlands. 

The GRPPY app helps people share expenses in a convenient mobile way. People can for example collect money and keep a shared balance for buying tickets for festivals or can share the tab for an evening out. All of this can now be done by creating a group, invite the group members to join and deposit money via iDEAL. One person within the group can spend the money on behalf of the members. Top-ups and spendings can be traced by all group members.

“MyOrder wants to make life easier for people through mobile innovations, often with a financial component. Splitting the bill is always a hassle in groups, a mobile group wallet really solves that problem.” says Gertjan Rösken, CTO at MyOrder.

Susanne Steidl, Executive Vice President Issuing at Wirecard adds: “We are pleased that we can expand our cooperation with MyOrder in the field of FinTech. We want to support new and innovative companies to bring new mobile payment products to the market. As a partner we pave the road to more advanced and additional services for startups.”

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