Wirecard and Singapore's largest currency exchange network FXChange simplify payments for every traveler

Aschheim (Munich)/ Singapore (ots) - - FXChange operates 100 self-service kiosks
and serves over 600,000 customers annually

- The new offering integrates Wirecard's digital platform with FXChange's kiosk
network

- Travelers benefit from a one-stop currency exchange solution supporting up to
12 currencies

- Wirecard issues the Visa cards and corresponding app which consumers can use
at 61 million Visa merchant locations worldwide

Wirecard, the global innovation leader for digital financial technology and
FXChange, Singapore's largest self-service currency exchange network, are
collaborating to provide outbound and inbound travelers in Singapore with simple
and flexible digital payment options. The companies are launching multi-currency
Visa cards and a corresponding app which will offer travelers the chance to
combine payment with the possibility to earn and redeem points at hotels, F&B
outlets and other amenities. Wirecard will issue and manage the payment solution
via its digital platform. Travelers benefit from a seamless customer journey -
from exchanging and loading currencies at self-service kiosks, to paying fully
digitally at any of the 61 million Visa merchant locations worldwide.

FXChange is a Singapore-based operator of automated self-service currency
exchange machines, also known as FXC kiosks, that enables travelers to exchange
foreign currencies and Singapore Dollars. Licensed by the Monetary Authority of
Singapore, it provides currency exchange via more than 100 self-service kiosks
across major hotel groups and tourism hotspots in Singapore. The company serves
over 50,000 users per month.

The collaboration with Wirecard will make it easier for travelers to make
cashless payments abroad, eliminating the hassle and cost of foreign currency
exchange. The new multi-currency payment solution enables customers to enjoy
traveling without carrying cash, or avoid dealing with fluctuating exchange
rates. Travelers can use it to exchange Singapore dollars and load up to 12
foreign currencies. The multi-currency Visa prepaid card and app offers a smart
and convenient solution that meets the demands of international travelers.

Chan Han Zong, Chief Operating Officer of FXChange, said, "We are delighted to
work with industry experts like Wirecard and Visa to offer a convenient and
secure payment solution. With this, consumers can make cashless payments abroad
at competitive foreign exchange rates, and gain access to our network of forex
kiosks to withdraw and deposit foreign currencies. We look forward to furthering
this collaboration to build an inclusive travel money platform that serves a
wide segment of travelers who are increasingly tech-savvy and have higher
spending power."

Grigoriy Kuznetsov, EVP of Global Financial Services at Wirecard, said, "We're
delighted to support FXChange to provide a one-stop solution to travelers who
are increasingly turning to cashless payments. By integrating Wirecard's digital
platform with FXChange's kiosk network, we will bring this innovative solution
to more people across the world, further driving the cashless society."

The multi-currency solution is planned to roll out in the next few months.
Travelers can sign up for the card at any of the FXC kiosks in Singapore, and
choose from multiple payment methods, and start using it at any Visa merchant.
Travelers can also withdraw foreign currencies by scanning a QR code, and
deposit their leftover currencies into the app via the self-service kiosk.
Travelers do not need a bank account to obtain the card and there is no sign-up
and no annual fee.

FXChange will be expanding their footprint of its self-service forex kiosks to
Malaysia, Indonesia and Thailand by the second quarter of 2020.

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 of 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 FXChange:

FXChange is a Singapore-based financial technology company that offers
innovative digital payment services including alternative currency exchange
platforms and kiosk payment solutions. It operates the largest self-service
forex kiosk network in South East Asia and has presence over 100 tourism
hotspots including Jewel Changi Airport, 7-Eleven outlets and hotels under IHG,
AccorHotels and Shangri-La Group. FXChange currently supports the exchange of 16
major currencies via its kiosk network and mobile applications. For more
information, visit us on www.fxchange.sg.

Contact:

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

FXChange media contact:
FXChange
Stella Mae
Tel.: +65 6589 8565
Email: stella.mae@fxchange.sg

Additional content: https://www.presseportal.de/pm/15202/4474556
OTS: Wirecard AG
ISIN: DE0007472060

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