ASCHHEIM, Germany, July 17, 2018 /PRNewswire/ --
- The partners are cooperating among others with
Garmin Pay and 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
- Wirecard and Mastercard 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 about Garmin Pay at
http://www.garmin.com/garminpay.
About Wirecard:
Wirecard (GER:WDI) is one of the world's fastest growing digital
platforms in the area of financial commerce. We provide both
corporate clients and consumers with a constantly expanding
ecosystem of real-time value-added services built around innovative
digital payments by using an integrated B2B2C approach. This
ecosystem concentrates on the areas payment and risk, retail and
transaction banking, loyalty and coupon programmes in addition to
data analytics and conversion rate enhancement across all sales
channels (online, mobile, ePOS). Wirecard operates regulated
financial institutions in several key markets, in addition to
holding issuing and acquiring licenses from all major payment and
card networks. Wirecard AG is listed on the Frankfurt Stock
Exchange (TecDAX, ISIN DE0007472060). Visit us on
http://www.wirecard.com, follow us on Twitter @wirecard and on
Facebook @wirecardgroup.
About Mastercard:
Mastercard (NYSE: MA) is an international technology company in
the global payments industry. We operate the world's fastest
payments processing network, connecting consumers, financial
institutions, merchants, governments and businesses in more than
210 countries and territories. Mastercard products and solutions
make everyday commerce activities - such as shopping, traveling,
running a business and managing finances - easier, more secure and
more efficient for everyone. Follow us on Twitter @MastercardDE,
join the discussion on the Beyond the Transaction Blog and
subscribe for the latest news on the Engagement Bureau.
About Garmin
Garmin has been developing mobile products for pilots, sailors,
drivers, golfers, joggers, cyclists, mountaineers, swimmers and
many other active people for more than 25 years. From automotive to
fitness and outdoor, all the way to marine and aviation, Garmin has
sold more than 190 million products in these areas since being
founded in 1989. More than 11,500 employees today work in 50
offices around the world in supporting users of Garmin products to
#BeatYesterday and live more healthily: moving more, feeling better
and discovering new things. Garmin is characterized by its constant
diversification, with products ranging from fitness and health
trackers, smartwatches, golf and fitness watches successfully
establishing the brand. Headquartered in Schaffhausen (CH), Garmin
is represented in the DACH region (Germany, Austria, Switzerland) with offices in Garching near
Munich (D), Graz (A) and Neuhausen at the Rhine Falls
(CH). In Würzburg (D), Garmin also operates a proprietary research
and development location. A core principle for success is vertical
integration: the development process, from design to marketable
product and sales, is all conducted within the company as far as
possible. In this way, Garmin is able to guarantee the highest
standards in quality and design and motivate customers towards
something new each day.
Wirecard media contact:
Wirecard AG
Jana Tilz
Tel.: +49-(0)-89-4424-1363
Email: jana.tilz@wirecard.com
Mastercard media contact:
Anja Klein
Communications Germany and
Switzerland
Tel.: +49-(0)-151-6160-3231
Email: anja.klein@mastercard.com
Garmin media contact:
Garmin Deutschland GmbH
Marc Kast (PR Manager)
Tel.: +49-(0)-89-85-83-64-925
Email: marc.kast@garmin.com