Wirecard, MBILLS digitise payments for Slovenian customers

Friday 26 October 2018 08:31 CET | News

Wirecard and Slovenia-based fintech MBILLS have announced the extension for the mobile wallet app mBills.

MBILLS is owned mainly by Petrol, the largest energy and retail company in Slovenia with half a million participants in the loyalty program, who are offered the new app solution. Users will be able to make payments on-site at almost 50 million points of sale worldwide and online, using their debit card issued by Wirecard and connected to their mobile wallet on their smartphone.

All the solution’s functions, from ordering, activating and blocking the card and managing finances, to setting transaction limits or activating or blocking payments outside the European Union, are mobile and available worldwide anytime. A list of all expenses and the associated cost control and budgeting for the user are also included in the functionality. After each transaction, a notification is sent to the user’s smartphone free of charge. The mBills Mastercard can be applied for in the app and is linked to the user’s own mBills account.

According to the press release, there is a large potential for digital and mobile payment in Slovenia where 80% of payments are still made in cash. In addition, according to a survey by Juniper Research, global spending on mobile wallets in 2017 was already estimated at USD 1.35 trillion – an increase of 32% from 2017.

For more information about Wirecard, please check out a detailed profile of this company in our dedicated, industry-specific online company database.

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Keywords: Wirecard, MBILLS, payments , Slovenia, mobile wallet, mobile payments, fintech
Countries: World