Wirecard and Mastercard extend global card issuance

Aschheim (Munich) (ots) -

- 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 www.wirecard.com, follow
us on Twitter @wirecard and on Facebook @wirecardgroup.

About Mastercard:

Mastercard (NYSE: MA), 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

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