Wirecard Supports the Nationwide Launch of Orange Cash in Spain
Poster: SySAdmin
Posted on May 7, 2015 at 5:28:01 AM
Wirecard Supports the Nationwide Launch of Orange Cash in Spain
MUNICH, May 7, 2015 /PRNewswire/ --
- Contactless mobile payments at the POS
- Mobile added value to strengthen customer loyalty
The Wirecard Group supports the launch of the mobile payment service "Orange Cash" in
Spain. As part of the strategic alliance with the mobile operator Orange, Wirecard will
provide the E-Money and scheme license as well as the technical platform needed to manage
the mobile payment application. Users of Orange Cash can now make mobile payments at any
contactless Visa terminal in more than 530,000 stores across Spain and at 2.4 million
acceptance points throughout Europe. All that is required is an NFC-enabled smartphone
with the app and an NFC-SIM card.
Javier RamÃrez, Mobile Banking and Payments Director, Orange Spain, says: "Orange's
innovative spirit and our desire to offer our customers the most useful and advanced
services at all times have led us to develop Orange Cash with Visa and Wirecard, our first
foray into financial services from the mobile phone. The announcement we made today is for
us a decisive commitment on a business line that we expect to continue developing in the
future, with more and better solutions that leverage all the benefits of security and
utility that the mobile phone provides for the financial services."
"We are looking forward to supporting the Orange mobile payment initiative in Spain.
This positive development confirms the success of the Orange Cash product strategy"
comments Christian von Hammel-Bonten, Wirecard's Executive Vice President
Telecommunications. "We offer our partners like Orange complete end-to-end solutions from
a single source: from payment including the requisite issuing licences, integrated added
value services up to the technical infrastructure. As a key company for financial
technology services we are shaping the market with the latest innovations in the mobile
payment business."
Wirecard Group is responsible for the design, implementation and processing of all
technical and financial processes related to the payment app Orange Cash. This includes
the issuing and payment processing of digital Visa cards. Wirecard Card Solutions Ltd., a
member of Visa Europe, is the card issuing institution. All functions of Orange Cash are
combined in an intuitive smartphone application developed by Wirecard. The app provides an
outstanding usability and design combined with innovative functions like incentives and
cashback offers and real-time information about balance and transactions. To complete the
concept, the prepaid-based accounts are able to make purchases securely in any online shop
using a one-time virtual credit card generated in real-time through the mobile
application. These one-time cards are valid for a short period of 24 hours at only one
merchant.
About Wirecard:
Wirecard AG is one of the world's leading independent providers of outsourcing and
white label solutions for electronic payment transactions. The Wirecard Group has been
supporting companies in accepting electronic payments from all sales channels. A global
multi-channel platform bundles international payment acceptances and methods, supplemented
by fraud prevention solutions. When it comes to issuing their own payment instruments in
the form of cards or mobile payment solutions, Wirecard provides companies with an
end-to-end infrastructure, including the requisite licences for card and account products.
Wirecard AG is listed on the Frankfurt Securities Exchange (TecDAX, ISIN DE0007472060,
WDI).
http://www.wirecard.com
Wirecard Media Contact:
Wirecard AG
Maren Brandt
Tel: +49(0)89-4424-1425
Email: maren.brandt@wirecard.com
Wirecard AG
MUNICH, May 7, 2015 /PRNewswire/ --
- Contactless mobile payments at the POS
- Mobile added value to strengthen customer loyalty
The Wirecard Group supports the launch of the mobile payment service "Orange Cash" in
Spain. As part of the strategic alliance with the mobile operator Orange, Wirecard will
provide the E-Money and scheme license as well as the technical platform needed to manage
the mobile payment application. Users of Orange Cash can now make mobile payments at any
contactless Visa terminal in more than 530,000 stores across Spain and at 2.4 million
acceptance points throughout Europe. All that is required is an NFC-enabled smartphone
with the app and an NFC-SIM card.
Javier RamÃrez, Mobile Banking and Payments Director, Orange Spain, says: "Orange's
innovative spirit and our desire to offer our customers the most useful and advanced
services at all times have led us to develop Orange Cash with Visa and Wirecard, our first
foray into financial services from the mobile phone. The announcement we made today is for
us a decisive commitment on a business line that we expect to continue developing in the
future, with more and better solutions that leverage all the benefits of security and
utility that the mobile phone provides for the financial services."
"We are looking forward to supporting the Orange mobile payment initiative in Spain.
This positive development confirms the success of the Orange Cash product strategy"
comments Christian von Hammel-Bonten, Wirecard's Executive Vice President
Telecommunications. "We offer our partners like Orange complete end-to-end solutions from
a single source: from payment including the requisite issuing licences, integrated added
value services up to the technical infrastructure. As a key company for financial
technology services we are shaping the market with the latest innovations in the mobile
payment business."
Wirecard Group is responsible for the design, implementation and processing of all
technical and financial processes related to the payment app Orange Cash. This includes
the issuing and payment processing of digital Visa cards. Wirecard Card Solutions Ltd., a
member of Visa Europe, is the card issuing institution. All functions of Orange Cash are
combined in an intuitive smartphone application developed by Wirecard. The app provides an
outstanding usability and design combined with innovative functions like incentives and
cashback offers and real-time information about balance and transactions. To complete the
concept, the prepaid-based accounts are able to make purchases securely in any online shop
using a one-time virtual credit card generated in real-time through the mobile
application. These one-time cards are valid for a short period of 24 hours at only one
merchant.
About Wirecard:
Wirecard AG is one of the world's leading independent providers of outsourcing and
white label solutions for electronic payment transactions. The Wirecard Group has been
supporting companies in accepting electronic payments from all sales channels. A global
multi-channel platform bundles international payment acceptances and methods, supplemented
by fraud prevention solutions. When it comes to issuing their own payment instruments in
the form of cards or mobile payment solutions, Wirecard provides companies with an
end-to-end infrastructure, including the requisite licences for card and account products.
Wirecard AG is listed on the Frankfurt Securities Exchange (TecDAX, ISIN DE0007472060,
WDI).
http://www.wirecard.com
Wirecard Media Contact:
Wirecard AG
Maren Brandt
Tel: +49(0)89-4424-1425
Email: maren.brandt@wirecard.com
Wirecard AG