Boon by Wirecard, the first fully digitized mobile payment solution, is now available with Apple Pay in Ireland.
Boon is based around an automatic app-to-wallet integration and requires a prepaid account with a digital Mastercard, which are issued by Wirecard Card solutions. The system is independent from any bank or telecom operator and based on a Digital Prepaid MasterCard. It works with any NFC-enabled terminal where Mastercard is accepted. Users can top up their card from their smartphones, or set up auto top-up to ensure that there’s always sufficient funds in their account, and use their devices to enable tap-and-go payments.
After the initial launch in the UK, France and Switzerland, Ireland is the fourth country where the service is being offered.
We recently reported that contactless payments hit a staggeringly high £25bn in spendings in 2016, which was up 222% from 2015. So it comes as no surprise that banks and businesses are collaborating to move towards greater digitalisation. There is also an influx of mobile wallets that are integrated with bank accounts that allows consumers to spend securely on their devices.
“By launching boon with Apple Pay in Ireland, even more users in Europe can experience a new level of mobile payments without being a customer of a specific bank. Thanks to its ease of use, boon is a state-of-the-art payment solution,” said Georg von Waldenfels, executive vice president, consumer solutions with Wirecard.
David Nunn discusses the importance of e-commerce and how the pace of payments innovations is changing the market.
The crowdfunding was part of a £22m funding round that will support the launch of a current account facility.
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