The Wirecard Group will be handling all the technical and financial services for the Vodafone SmartPass card solution from Vodafone, including issuing both plastic and digital Visa cards for the wallet through the Wirecard Card Solutions subsidiary.
“We have created the best possible conditions for ensuring that mobile payment can soon be entirely integrated in everyday life for everyone. To achieve this, we started by setting a low barrier to entry. With our flexible range of services comprising NFC SIM cards and stickers, every mobile phone can be fitted with the contactless function,” says Frank Vahldiek, Director of Consumer Services & Innovations at Vodafone Germany. “Through our collaboration with Wirecard, we not only have a card issuing financial institution, but also a very competent technological partner.”
Customers with an NFC-enabled and wallet-certified smartphone receive a SIM card with the relevant NFC function and can then pay with their Vodafone SmartPass credit at all Visa-certified contactless terminals. The Visa card information can be used in connection with an NFC SIM card or sticker to enable contactless tap & go payment processing.
“Following the successful launch in Spain recently, we are delighted that we have been chosen to support Vodafone as it launches the Vodafone SmartPass mobile payment app in Germany. This service is a core element of the new Vodafone wallet. We are confident that more and more consumers will discover the benefits of mobile payment,” says Christian von Hammel-Bonten, Executive Vice President Telecommunications at Wirecard.
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.
Payments for digital and physical goods made mobile operating system-based payments platforms like Apple Pay and Android Pay are expected to boom in the next few years according to new analysis from Juniper.