Fintech News
Data Republic website
Published
Share

Wirecard embarks on expansion expedition

The Munich-based digital payments and commerce solution provider has not only extended the reach of their mobile payments app to Spain, Ireland and the UK, but has also partnered and integrate Alipay as a payment option in Germany.  The mobile app, boon, is mobile provider and bank bank agnostic, and can be added to payment platforms: Apple Pay, Fitbit Pay, Garmin Pay, and as of now, Google Pay. 

boon secures card details against theft at the point of sale and taps into biometric fingerprint verification technologies imbedded in smartphones to provide a frictionless mobile payments option. Wirecard have long been advocates of transforming payments into the digital age to present consumers with fast and easy payments, with the Executive Vice President Consumer Solutions at Wirecard, stating: “We are constantly seeking to drive the digitization of payments forward, and bring the most innovative solutions to the hands of consumers”.

In another partnership, Wirecard and Alipay have teamed up to allow merchants greater access to the Chinese tourism market, which is likely to unlock an expected increase of more than 350% in the amount spent by Chinese tourists within one year (where Alipay is offered) according to Markets Insider. Catharina Tiede, Head of Partner Management, Consumer Goods at Wirecard, estimates “When travelling to Europe, Chinese guests spend on average 3,000 euro per person on shopping,” which could signal a huge coup for both local merchants and Wirecard.

Share this Article
Related Insights
Featured
Holland Fintech Digital Transformation Paper 2024
Holland Fintech is proud to present the Digital Transformation Paper 2024. This whitepaper, led by the Holland Fintech working group Digital Transformation in collaboration with Accenture, provides valuable insights into the dynamics and key factors influencing successful collaborations between fintechs and incumbents.
Holland Fintech Pavilion at Money 20/20
Money 20/20 – Join our Pavilion! The Holland Fintech Pavilion offers a unique opportunity to connect with a global audience of fintech professionals. Located at the heart of Money 20/20, the pavilion provides a central hub for networking, collaboration, and exposure.
Amsterdam Fintech Week
Amsterdam FinTech Week is back on 2-4 October 2024! Be a sponsor, co-organizer, or just participate in our community events.

How likely are you to recommend Holland FinTech?