Mobile Banking and e-commerce payment processing has for years been a key focus for banking institutions as it plays a significant role in delivering great customer experiences. Especially in this age when online transactions are on an all-time high, digital payment processing is on the rise too. This is an area that banks across the globe have been extensively focusing on, to ensure that their customers are assured of smooth experiences while processing their transactions across various platforms. Banks are also digitizing their operations to stay ahead of the competition curve. Singapore-based Wirecard facilitates this process and assists banks to build mobile banking apps and infrastructures, to issue cards along with transaction processing, solution consultancy, onboarding operations, fraud and risk management, and post-sales support. This allows them to focus on their core banking services rather than managing the technology aspect themselves.
Since its foundation in 1999, is one of the world’s fastest growing digital platforms in the area of financial commerce. By providing both business customers and consumers with a constantly expanding ecosystem of integrated digital real-time value-added services in the areas of payment and risk, retail and transaction banking, loyalty and couponing, data analytics and conversion rate enhancement, Wirecard is using an integrated B2B2C approach. With this, Wirecard combines the skills of a technology company and a bank to develop international payment strategies for in-store, online or mobile transactions. Any financial process whether in-store, online or mobile can be outsourced to the Wirecard team irrespective of the company’s size.
The firm provides businesses with an end-to-end infrastructure for issuing license for card and account products.
Wirecard offers everything an organization needs for cashless payments such as payment systems, risk management, and other banking solutions. The company’s banking solutions also include a wide range of credit card acceptance contracts, several banking services, and innovative card products. Wirecard develops solutions for customers in retail, service, and banking sectors ensuring secure, transparent, and efficient international payment processing. It also extends risk management solutions to protect organizations against payment failure.
Being well acquainted with the internal operations of banks as well as international transaction processing, the company develops solutions tailored to specific needs, conforming to the highest standards of security, which can be integrated into banks’ systems seamlessly.
“We are a technology company that’s specialized in its offerings and is ready to partner with banks and other players to digitalize the whole payment value-added chain”
has a vast client base of 34,000 corporate customers in various industries and with the purchase of the customer portfolio of Citi’s merchant acquiring business; it is present in 11 markets in APAC.
The company also assists merchants, airlines, travel operators, telecom operators, and service providers for online payment processing and analyzes their systems for risks. Wirecard also has a network of more than 200 international payment providers, which enables it to help organizations accept electronic payments from all sales channels. In one example, Wirecard gains Mizuho Bank as a new partner for acquiring and issuing services, where Mizuho bank is able to offer its corporate clients in Asia with a payment ecosystem as a bundled service.
“Wirecard focuses on new payment interactions, end- to-end support, high availability, assurance, and expansion of digitalization in the payment and technology space,” says Jeffry Ho, the company’s Regional Managing Director. The company also looks forward to delivering end- to-end solutions focused on ancillary services to help merchants improve their business, loyalty, value-added services, and fraud analytics. Moving ahead, it aims to deliver digital financial services and roll out a digital omnichannel ecosystem for merchants. As a software and IT specialist, Wirecard is continuously expanding its product portfolio with innovative payment technologies. “We are a technology company that’s specialized in its offerings and is ready to partner with banks and other players to digitalize the whole payment value-added chain. We offer everything through one digital payment ecosystem to add value and complement companies in terms of technological know-how,” concludes Jeffry Ho.