Posted on 03/14/2018 at 08:00

Wirecard expands business in Asia and gains Mizuho Bank as a new partner

Wirecard expands business in Asia and gains Mizuho Bank as a new partner

Wirecard will be providing acquiring and issuing services to Mizuho corporate clients within the Asia region; Mizuho benefits from Wirecard’s wide range of digital banking services from one hand

Wirecard, the leading specialist in digital financial technology, has gained Mizuho Bank, Ltd. (“Mizuho Bank”), one of the worldwide largest financial institutions, as its new customer. Within the cooperation, Wirecard is providing acquiring and issuing services to Mizuho Bank’s corporate clients within the Asian region. Through the partnership with Wirecard, as the leading payment provider in Asia, Mizuho Bank is able to offer its Japanese customers a complete range of banking services from a single source requiring minimal administrative effort. Mizuho Bank thus benefits from Wirecard’s network in Asia.

In addition to its financial and strategic services, Mizuho Bank will now be able to offer all clients value-added-solutions. For example, customers can make use of the acquiring services without opening an extra bank account. Thanks to the cooperation with Wirecard, Mizuho Bank is able to offer its customers a payment ecosystem, where all the services are bundled.

Mr Takeshi Ohashi, General Manager of Global Transaction Banking at Mizuho Bank, points out: “Our objective is to support our clients wherever they operate. Through our cooperation with Wirecard, we can offer a wider set of solutions and provide our customers with optimal value-added-services for their businesses.”

“With Wirecard as our preferred partner, we are able to widen the scope of our value proposition to these clients. As such, we see great potential in the partnership and we are planning to extend it further geographically”, adds Thomas Ng, Head of East Asia region, Global Transaction Banking at Mizuho Bank. 

Jeffry Ho, Regional Managing Director at Wirecard, says: “It is a great pleasure for us to work with one of the largest financial institutions in the world and support them with our infrastructure and expertise. We are very familiar with the Asian market and know its characteristics through our experience. Therefore, we are able to meet the specific needs of Mizuho Bank’s customers.”

For more information, visit Wirecard’s booth G40 at Money2020 Asia, from 13th to 15th March 2018 in Singapore at Marina Bay Sands Expo & Convention Centre.  

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