Wirecard and P.F.C. provide a better everyday banking experience for hundreds of thousands of Swedish customers

Aschheim (Munich)/Stockholm (ots) -

- P.F.C. is backed by the largest Nordics bank Nordea and NFT
Ventures
- Wirecard enables P.F.C. to launch the next generation of digital
banking services in Sweden
- P.F.C. is Sweden's first neobank

Wirecard, the global innovation leader in digital financial
technology, together with the Swedish FinTech P.F.C. - Personal
Finance Co., formerly Betalo, have introduced a new digital banking
proposition aimed at hundreds of thousands of Swedish consumers. The
cooperation between Wirecard and P.F.C., which was founded in May
2012 and belonged to the 50 fastest-growing Swedish technology
companies in 2017, has enabled P.F.C to launch Sweden's first
neobank, a digital, mobile-first financial service for Swedish
customers. The two companies have announced a Mastercard debit
program, which is combined with a highly personalized app to help
people manage their personal finances.

Sweden is at the forefront of the transformation towards a
cashless society with only 13 percent of payments being made using
cash, according to Sweden's central bank. Digital payments via cards
or apps are so widely accepted that many Swedish people no longer
carry cash. Thanks to the ever-expanding capabilities of mobile
devices, combined with the banking industry's wholesale transition to
digital, the market has seen cashless payment applications increase.

Eli Daniel Keren, founder and CEO of P.F.C., commented, "Today,
people expect financial services to be personal, transparent and
simple. We want to do just that with P.F.C. We rely on strong
partners like Wirecard to bring our products to market. In the long
run, the solution that P.F.C. and Wirecard provide enables people to
gain financial health, and that's no small feat."

Julian Weste, Vice President Sales, Financial Institutions and
FinTech Europe, at Wirecard, added, "The fully digital Mastercard
debit card program issued by Wirecard helps users of P.F.C. to keep
tabs on their everyday financial life. In addition, the mobile wallet
solution will be enhanced to a real multi-currency card program in
the near future. Together with P.F.C. we guarantee an innovative and
comfortable way of financial management and are looking forward to
further digitalizing processes globally."

Wirecard and P.F.C. offer a complete digital solution for personal
finance, which can be downloaded via Android and iOS. The app enables
users to make purchases, set a personal budget, track expenses and
create savings goals. Moreover, P.F.C. is a licensed Payment
Institution in Sweden according to Payment Services Act (2010: 751)
and is under the supervision of the country's Financial Supervisory
Authority (FI).

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 P.F.C. - Personal Finance Co.

P.F.C. was founded in 2012 as Betalo, building financial products
and services with technology at the core. In 2018, Betalo became
P.F.C. - Personal Finance Co. We believe that great technology and
design will enable a better everyday banking experience. An
experience where banking services are both simple and personal to
use, while being accessible to more people at a fair cost. We are
building a mobile-first personal finance app to help our customers
attain financial well-being. We provide a personalized experience
that is tailored to each user's individual needs. P.F.C. is funded by
Nordea, NFT Ventures, and others. Read more at getpfc.com, follow us
on Facebook, Instagram and Twitter on @getpfc.

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

P.F.C. media contact:
P.F.C. - Personal Finance Co.
Charlotta Asell
Tel.: +46 736 30 75 07
Email: charlotta.asell@getpfc.com

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