LAS VEGAS, Jan. 8, 2020 /PRNewswire/ -- Sprint
(NYSE:S), a leading US communications services company and
Wirecard, the global innovation leader for digital financial
technology, today at CES 2020 announced a new relationship that
will integrate Wirecard 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." He continued, "As IoT becomes even more central to
how enterprises run, we look forward to identifying new
opportunities and use cases for these technologies. The growing
internet of things will lead to new and innovative transactions,
like directly between devices, and this collaboration will power
such use cases."
"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, executive vice president of 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."
About Sprint:
Sprint (NYSE: S) is a communications
services company that creates more and better ways to connect
its customers to the things they care about most. Sprint
served 53.9 million connections as of Sept. 30, 2019, and is
widely recognized for developing, engineering and deploying
innovative technologies, including the first wireless 4G service
from a national carrier in the United States; leading no-contract brands
including Virgin Mobile USA, Boost Mobile and Assurance
Wireless; instant national and international push-to-talk
capabilities; and a global Tier 1 Internet backbone. Today,
Sprint's legacy of innovation and service continues with an
increased investment to dramatically improve coverage, reliability
and speed across its nationwide network and commitment to launching
a 5G mobile network in the U.S. You can learn more and visit Sprint
at www.sprint.com or www.facebook.com/sprint and www.twitter.com/sprint.
About Wirecard:
Wirecard (GER:WDI) is one of the
world's fastest growing digital platforms in the area of financial
commerce. We provide both business customers 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
& risk, retail & transaction banking, loyalty &
couponing, data analytics & conversion rate enhancement in all
sales channels (online, mobile, ePOS). Wirecard operates regulated
financial institutions in several key markets and holds issuing and
acquiring licenses from all major payment and card networks.
Wirecard AG is listed on the Frankfurt Stock Exchange (DAX and
TecDAX, ISIN DE0007472060). Visit us on www.wirecard.com, follow us
on Twitter @wirecard and on Facebook @wirecardgroup.
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SOURCE Sprint