Wirecard, Stocard team up for mobile payment features and contactless payment adoption

Thursday 11 June 2020 10:01 CET | News

Wirecard has revealed it is collaborating with Stocard, a mobile wallet and a B2C European fintech, to launch a new mobile payment feature in the Stocard app. 

As part of this collaboration, UK-based Stocard users can pay with their app via a virtual Wirecard-issued Mastercard card, an option that will be rolled out across Europe later in 2020. Stocard will benefit from Wirecard’s bespoke Banking-as-a-Service solution to launch this new functionality. At the same time, Wirecard is also providing the acquiring service behind the wallet, allowing users to load funds quickly by adding their bank cards to the app. 

Through the new mobile wallet solution, Stocard users can make contactless payments in-store and online. Wirecard’s research found that over half of British, French, and German respondents (57%) report using contactless payment methods more frequently than before the spread of COVID-19. 78% plan to continue making contactless payments even after the crisis. 

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Keywords: Wirecard, Stocard, collaboration, launch, mobile payments, contactless payments, digital financial technology, UK, mobile wallet, B2C, cards, partnership, payment methods, bank cards, Europe
Categories: Payments & Commerce
Countries: Europe, United Kingdom
This article is part of category

Payments & Commerce