Wirecard expands presence in Mexico

Tuesday 24 March 2020 11:33 CET | News

Germany-based fintech Wirecard, in collaboration with Banca Afirme, has announced equipping television channel Canal 22 with payout product Afirme E-Fectiva.

Afirme E-Fectiva supports Canal 22 for e-commerce payments, POS spend, and ATM withdrawals Wirecard and Banca Afirme, a Mexican financial institution with a nationwide presence, are collaborating to equip television station Canal 22 with employee payout products for ecommerce payments, Point-of-Sales (POS) spend, and ATM cash withdrawals.

Wirecard and Banca Afirme are working together to implement and market payout products, branded as Afirme E-Fectiva, in Mexico. The cooperation comes at a time when the Mexican government is strongly supporting cashless initiatives through multiple Ministry-run programs, the Wirecard press release mentions.

Afirme E-Fectiva cards support ecommerce and POS payments, along with ATM withdrawals. Canal 22 benefits from features such as streamlined administration of disbursements, bulk loading of payout cards, and an overall reduction of overhead costs, through an administration tool called Afirme Payout. Through this cooperation, and in alliance with Banca Afirme, Wirecard is expanding its presence in Mexico for corporate and public sector clients. 

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Keywords: Afirme E-Fectiva, Banca Afirme, Afirme, Wirecard, online payments, cash withdrawal, POS payments, payout service, Mexico, expansion, Canal 22, ecommerce payments
Categories: Payments & Commerce
Countries: Mexico
This article is part of category

Payments & Commerce