ASCHHEIM, Germany, November 16, 2018 /PRNewswire/ --
- Wirecard brings its expertise in digital financial
technology to the new strategic partnership with Mastercard Prepaid
Management Services (Prepaid Services)
- The partnership will drive the trend of the
global digital cashless society via the
issuance of prepaid cards and card
programs
- Prepaid cards are a bridge technology to new
innovative digital payment solutions
Wirecard, the global innovation leader in digital financial
technology, and Mastercard, the global payments technology company,
signed a strategic agreement to migrate their global issuing
business. Wirecard will support Mastercard Prepaid Management
Services (Prepaid Services), a leader in prepaid program
management, with its long-standing expertise in global issuing
services.
The strategic partnership will empower both companies to exploit
the growth potential in the field of digital prepaid payment
solutions. Together their existing and new prepaid solutions will
deliver further payment choice to a broader audience, including:
travel agencies and airlines for their customer holiday travel
money, compensation or staff expenditure; governments looking for
ways to disperse funds and benefits; and SMEs' controlled payment
functionality for employees.
Susanne Steidl, CPO at Wirecard,
said, "As the leading innovation driver of digital financial
technology, we are proud to announce the extension of our global
strategic cooperation with Mastercard. Our ambition within this
cooperation is to shape the future of the international payment
market with tailor-made solutions for the specific industries.
Mobile apps are set to become the payment solution of choice
worldwide and we are already enabling this kind of technology
today, often based on digital prepaid cards."
Fabrizio Burlando, President at
Mastercard Prepaid Management Services, said, "As consumers,
businesses and governments come to terms with the limitations and
cost of cash, our focus is on providing real payment choice and
convenience to audiences who have not been well serviced for their
payment needs, and often resorted to using cash by default. To
support our initiatives, we will leverage Wirecard's long-standing
expertise and international market knowledge in issuing
services."
The new partnership will drive the trend of the global cashless
society via the issuance of prepaid cards and card programs.
Prepaid Services have more than 20,000 selling locations with
active programs in 23 countries worldwide. As a leading
international player in the field of digital financial technology,
Wirecard will support Prepaid Services with its global licensing
footprint and expertise in issuing services. As a result of the
partnership, consumers, businesses and organizations will be able
to benefit from their prepaid solutions.
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, 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 http://www.wirecard.com, follow us on Twitter @wirecard and
on Facebook @wirecardgroup.
About Mastercard:
Mastercard (NYSE: MA), http://www.mastercard.com, is a
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
@MastercardNews, join the discussion on the Beyond the Transaction
Blog and subscribe for the latest news on the Engagement
Bureau.
Wirecard media contact:
Wirecard AG
Jana Tilz
Tel.: +49(0)89-4424-1363
E-Mail: jana.tilz@wirecard.com
Mastercard media contact:
James Thorpe
Head of Communications
Mastercard UK, Ireland, Nordics
and Baltics
Tel: +44-207-557-5430
E-Mail: james.thorpe@mastercard.com
Juliane Schmitz-Engels
Head of Communications
Mastercard Germany and Switzerland
Tel: +49-172-1880720
E-Mail: juliane.schmitz-engels@mastercard.com