How Wirecard supports KLM with omnichannel acquiring solutions.
What is a payment service provider or PSP?
A payment service provider is a company that, among other things, accepts, authenticates, and handles electronic payments on behalf of merchants. Wirecard is one of the world’s largest payment service providers.
A payment service provider allows merchants to take advantage of various payment methods—for example, Visa, Online Bank Transfer (Klarna.), and PayPal—and executes customer payments on the merchant’s behalf. Instead of having to conclude an agreement with each individual provider, merchants only deal with one party and can still offer an entire range of payment options in their stores.