Wirecard to provide tokenized mobile payments in Romania

Thursday 4 October 2018 00:33 CET | News

Wirecard has signed an extension of the strategic partnership agreement with Visa, aimed at developing tokenized mobile payments in Romania.

The partnership allows Wirecard to undertake commercialisation efforts in Romania for Visa Digital Commerce App (VDCA). VDCA is a white-label digital wallet enabling banks and other card issuers to offer mobile contactless payment solutions along with value added services, such as offering card controls, mobile location confirmation, travel and account balance notifications, and a transaction history to end consumers.

Moreover, the payments processor successfully completed the certification for Visa Token Service (VTS) in Romania. VTS is a technology that replaces sensitive cardholder information with a unique digital identifier, thus enabling secure contactless payment with virtual cards as cardholder information is never shared with third parties.

Contactless, which is the underlying technology behind mobile payments, has rapidly expanded in Romania over the last years, witnessing the highest growth rate ever recorded for any card product.

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, Visa, mobile payments, Romania, Visa Digital Commerce App, digital wallet, contactless payment, Visa Token Service, virtual cards
Countries: World