As a founding member of the EHI mobile payment initiative, Wirecard is driving forward the digitization of payment processes in Germany

Aschheim, Munich (ots) - Consortium promotes mobile payment for
retailers and consumers

Wirecard, global innovation leader in digital financial
technology, together with the EHI Retail Institute and other partners
including Google, Mastercard, Payback, GS1 Germany and Visa, has
founded the EHI Mobile Payment Initiative. As a result of this
initiative, the retail industry will be able to satisfy the growing
demand from consumers for mobile payment solutions. The exchange of
expertise among the partners also plays a significant role in the EHI
Mobile Payment Initiative.

According to a representative survey by EHI, around 20 million
German consumers are open to the concept of mobile payment. They
particularly appreciate the speed and great simplicity of the payment
process. By contrast, consumers who are yet to be convinced by the
solution are in many cases not well informed or are not yet fully
aware of the advantages of mobile payment.

Georg von Waldenfels, Executive Vice President Consumer Solutions
at Wirecard, explains: "The market is mature for technology and both
consumers and the retail industry are now demanding solutions which
make the purchase process quicker and simpler without having to make
significant changes when paying. This was exactly our vision when we
launched our mobile payment app boon in 2015. Together with the other
founding members, we are delighted to be able to educate both
consumers and retailers alike about mobile payment solutions that are
available on the market today."

With boon, Wirecard is a pioneer in mobile payment in Germany.
boon was the industry's first fully digitized mobile payment solution
and can be used independently from banks and telecommunications
providers. Today, boon is available in ten European countries and,
depending on the country, supports Apple Pay, Google Pay, Fitbit Pay
and/or Garmin Pay.

boon provides users with a digital Mastercard which they can use
for payments. The boon account can be topped up by credit card or
bank transfer. The fact that you can use your smartphone for
contactless payments completely bank-agnostically makes boon unique.
Users connect their boon Mastercard with a mobile payment wallet such
as Google Pay, take their mobile device, simply hold it at the
checkout without having to open the app, and the payment is made. As
a result, it is no longer necessary to own a credit card from a
particular bank. Furthermore, boon facilitates free, real-time money
transfers between boon users.

More information about boon can be found at: www.boonpayment.com

This message is published by Wirecard.

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 solutions in the areas payment and risk, retail and
transaction banking, loyalty and coupon programs 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 (DAX and
TecDAX, ISIN DE0007472060). Visit us on www.wirecard.com, follow us
on Twitter @wirecard and on Facebook @wirecardgroup.

About the EHI:

The EHI Retail Institute is a research and consultancy institute
for retail and its partners. Its international network comprises
around 800 member businesses from the retail, consumption and capital
goods industries as well as service providers. The EHI collects
important figures for high-street and online retail, identifies
trends and develops solutions. It was established in 1951. The
president is Kurt Jox, the CEO is Michael Gerling. GS1 Germany is a
subsidiary of the EHI and the German Brands Association
(Markenverband), and coordinates the allocation of the Global Trading
Item Number (GTIN, formerly EAN) in Germany. In cooperation with the
EHI, the Messe Düsseldorf organizes the EuroShop, the worldwide
leading capital goods exhibition for trade, the EuroCIS, where the
latest products, solutions and trends in IT and security technology
are presented, and the C-star for Asiatic retail in Shanghai.

Contact:
Wirecard media contact:
Wirecard AG
Jana Tilz
Tel.: +49 (0) 89 4424 1363
Email: jana.tilz@wirecard.com

EHI media contact:

EHI Retail Institute e.V.
Ute Holtmann
Tel.: +49 (0) 221 579 93 996
Email: holtmann@ehi.org

Original-Content von: Wirecard AG, übermittelt durch news aktuell