DGAP-News: Wirecard Bank to cooperate with China UnionPay / Online acquiring license for Wirecard Bank
(firmenpresse) - DGAP-News: Wirecard AG / Key word(s): Alliance
Wirecard Bank to cooperate with China UnionPay / Online acquiring
license for Wirecard Bank
24.02.2011 / 07:40
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Munich/Grasbrunn, February 24, 2011; Wirecard Bank AG and China UnionPay
Co., LTD, Shanghai (hereinafter referred to as UNIONPAY) have signed a
license agreement for online merchant acquiring services.
This cooperation will enable Wirecard Group to provide its Asian business
clients a further substantial added value with regards to the availability
of further payment methods and when it comes to opening up new markets. As
a next step, the cooperation with UNIONPAY will be extended to include
Europe.
'We are delighted to have China UnionPay, one of the fastest growing
organizations in Asia, as our partner,' says Burkhard Ley, CFO at Wirecard
AG, adding: 'With our interlinked European and Asian merchant acquiring
services on offer, we will further expand our international positioning in
this field.'
UNIONPAY processes payments between banks of merchants and the card issuing
banks or credit unions of the purchasers who use the 'UnionPay' brand
credit, debit and prepaid cards.
To learn more about UNIONPAY and its benefits for international merchants,
please visit http://www.wirecard.com/unionpay.
Contact:
Iris Stöckl
Dir. Investor/ Public Relations
Tel.: +49 (0)89-4424-1424
e-Mail: iris.stoeckl(at)wirecard.com
http://www.wirecard.com
ISIN DE0007472060
Reuters: WDI.GDE
Bloomberg: WDI GY
About UnionPay:
UnionPay is the only National Bankcard Association in China. As of end
2010, UnionPay has a membership of more than 400 member banks and non-bank
financial institutions. Since it was founded in 2002, UnionPay has issued
more than 2.38 billion bank cards through its members. Riding on the
exponential growth of the Chinese economy, Total transaction amount
switched by UnionPay network in 2010 exceeded RMB 11,200 billion, a
year-on-year growth of 46%. Today, all bankcard issuers in China are
members of UnionPay and UnionPay cards are accepted in 104 countries and
regions.
www.unionpay.com
About Wirecard:
Wirecard AG is one of the leading international providers of electronic
payment and risk management solutions. Worldwide, the Wirecard Group
supports over 11,000 companies from many and various industry segments in
automating their payment processes and minimizing cases of default.
Wirecard Bank AG is a Principal Member of VISA, MasterCard and JCB and
operates as a credit card acquirer in 69 countries around the world, with
over 100 transaction currencies and 15 payout currencies. Part of the
Wirecard Group, Wirecard Bank provides innovative solutions in the fields
of corporate banking, prepaid and co-branded cards, along with account
products for both business and private customers.
Wirecard AG is listed on the Frankfurt Securities Exchange (TecDAX, ISIN
DE0007472060, WDI).
www.wirecard.com | www.wirecardbank.com | www.mywirecard.com
End of Corporate News
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24.02.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Wirecard AG
Bretonischer Ring 4
85630 Grasbrunn b. München
Deutschland
Phone: +49 (0)89-4424 0400
Fax: +49 (0)89-4424 0500
E-mail: ir(at)wirecard.com
Internet: www.wirecard.com
ISIN: DE0007472060
WKN: 747206
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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113274 24.02.2011
Datum: 24.02.2011 - 07:40 Uhr
Sprache: Deutsch
News-ID 33292
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
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