Wirecard and MBILLS expand cooperation to offer fully digital payments via Garmin Pay

Aschheim (Munich)/Ljubljana (ots) -

- The mBills app is a mobile payment solution from Petrol, the
largest energy and retail company in Slovenia
- Wirecard helps more than half a million consumers achieve even
more financial flexibility by combining the mBills app with
Garmin Pay
- Thanks to Wirecard, MBILLS is the first fintech company in
Slovenia to offer payments with Garmin wearables

Wirecard, the global innovation leader in digital financial
technology, and Slovenian fintech company MBILLS, have enabled Garmin
Pay as a further payment option, offering users of the mobile wallet
app mBills even more flexibility and convenience when it comes to
digital payments. It is now possible for more than half a million
mBills customers to add their digital debit card connected to their
mobile wallet to Garmin Pay and thus use their Garmin device to pay
at points of sale worldwide and online.

The company MBILLS is owned mainly by Petrol, the largest energy
and retail company in Slovenia with an annual turnover of EUR 5.4
billion. Around 80% of transactions in Slovenia are still carried out
in cash, meaning there is a huge market potential for mobile and
digital payments. MBILLS is the first Slovenian fintech to enable
payments using Garmin wearables.

Mag. Primo? Zupan, Director of MBILLS, commented, "By combining
our mBills app with Garmin, we are able to offer customers an even
broader range of devices to pay with, providing more flexibility and
freedom for our customers. Wirecard's proven expertise in enabling
mobile payments not only on smartphones but also on wearables has
been instrumental in our ability to introduce this new option to
market."

Boris Bongartz, Head of Sales, Digital Goods, at Wirecard, added:
"Mobile payments are gaining traction worldwide because of their
convenience and flexibility. By enabling mBills customers to add
their digital mBills card to Garmin Pay, consumers do not need their
physical wallet nor their smartphone for the payment process - this
is how we are further driving the use of digital payment solutions
and making it even easier for Slovenian consumers to pay on the go."

Wirecard and MBILLS offer a complete mobile digital payment
solution. All functions - from ordering, activating and blocking the
card and managing finances, to setting transaction limits or
activating or blocking payments outside the European Union - are
mobile and available worldwide anytime. A list of all expenses and
the associated cost control and budgeting for the user are also
included in the functionality. After each transaction, a notification
is sent to the user's smartphone free of charge. The mBills
Mastercard can be conveniently applied for in the app and is linked
to the user's own mBills account.

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 and
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 MBILLS:

MBILLS, E-Money and Payment Services, Ltd. (MBILLS d.o.o.) is a
Slovenian fintech company, known by its award winning mobile app and
mobile platform mBills (www.mbills.si) for simple and fast payments,
where user's smartphone becomes their mobile wallet. In December 2017
MBILLS was acquired by Petrol, d.d., the leading Slovenian energy
company, which is the principal strategic supplier of oil and other
energy products to the Slovenian market with more than 5.4 bln EUR
yearly revenues.

Contact:
Wirecard media contact:

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

MBILLS media contact:

MBILLS d.o.o.
Jerica Urbancic
Tel.: +386 51 327 767
Email: jerica.urbancic@mbills.si

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