While Wirecard shares are experiencing a weaker trading day again today, the DAX-listed payment service provider reports operational news. Cooperation with Stocard was agreed: the partner offers a “mobile wallet” and is one of the largest European FinTechs in the B2C sector. Together, the two companies want to launch a new mobile payment function in the Stocard app, according to information from Wednesday. “Starting today, Stocard users based in the UK can use their app to pay with a virtual Mastercard card issued by Wirecard, an option that will be rolled out across Europe later this year,” said Wirecard. Among other things, the Aschheim company will bring their banking-as-a-service solution and acquiring service to the partnership.
As usual, no financial details of the agreements are reported.
“The future of retail and banking will be more like what we see with Alipay in Asia than what European banks are doing. This consolidation of shopping, payments and financial services in the digital wallet will also take place in Europe. We are working closely with our retail partners to shape this future, ”says Björn Goß, founder and CEO of Stocard.