Wirecard reveals payout solution in the Philippines

Friday 28 June 2019 11:51 CET | News

Global innovation company for digital financial technology, Wirecard, has revealed the launch of its payout solution, driving cashless payments in the Philippines.

The cards are issued by Wirecard under the new local e-money license, and they can be used to carry out seamless transactions at the POS and online. Cardholders can manage their cards via the Wirecard Payout online portal and with an associated app, which is currently being developed.

Moreover, Wirecard’s three new payout products in the Philippines are targeted towards governments, public sector clients, and corporations. These can be used for loan or refund provisions, corporate expense reimbursements, and commission payouts; thus being a solution for both public and private entities.

Among the benefits of the payout cards, one can encounter both the payment at the POS and online, without need of a bank account to use the cards. Users can even withdraw cash from ATMs with their cards, and through the Wirecard Payout online portal, they can see an overview of their card activity and balance. Wirecard’s payout products are 3DS enabled, ensuring protection for cardholders.

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Keywords: Wirecard, payout offering, the Philippines, cashless payments, fintech, financial technology, transactions , POS, cardholders, cards, payments , governments, loans, reimbursements, payout cards, 3DS, protection, security
Countries: World