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'''Wirecard AG''' is a global internet technology and [[financial services]] provider which is listed on the German stock exchange ([[TecDAX]]) and is headquartered in [[Aschheim]], [[Munich]]. The company offers its customers electronic [[Financial transaction|payment transaction]] solutions and [[risk management]], as well as the [[Issuing bank|issuing]] and [[Acquiring bank|processing]] of physical and virtual cards.
'''Wirecard AG''', abbreviated as '''Wirecard''', is a [[Germany|German]] [[multinational corporation|multinational]] [[financial services]] and [[technology company|technology]] corporation headquartered in [[Aschheim]], [[Munich (district)|Munich]], [[Germany]]. Wirecard is one of the world's leading independent providers of outsourcing and white label solutions for electronic payments.<ref>{{cite web |url=http://emergingpayments.org/members/wirecard-card-solutions/ |title=Wirecard Card Solutions |accessdate=10 February 2017 |publisher=Emerging Payments Association}}</ref><ref>{{cite web |url=http://www.mposwise.com/en/MPOSWISE/News/Wirecard.alej?ajaxpage=16 |title=Wirecard |accessdate=10 February 2017 |publisher=mPOS W.I.S.E.}}</ref><ref>{{cite web |url=https://noah-conference.relayto.com/post/OOR80a8o |title=Wirecard |accessdate=10 February 2017 |publisher=Relayto}}</ref>


'''Wirecard Card Solutions Ltd.''' ([[#WDCS|WDCS]]) is a wholly-owned subsidiary headquartered in Newcastle upon Tyne, with an e-money licence which allows it to issue virtual cards. Among others they are forming the basis of numerous mobile payment solutions, such as Orange Cash and Wirecard’s own mobile payment solution boon.
Wirecard was founded in 1999, and quoted on the German stock market since 2005. The company currently have 29 subsidiaries in worldwide locations: [[Austria]], [[Ireland]], [[Malaysia]], [[Singapore]], [[United States]], [[United Arab Emirates]], [[United Kingdom]], etc.


The subsidiary '''Wirecard Bank AG''' holds a German [[Banking license|banking licence]], in addition to licences from [[Visa Inc.|Visa]] and [[Mastercard]]. Moreover, it has contacts with [[American Express]], [[Discover Card|Discover]]/[[Diners Club|Diners]], [[JCB Co., Ltd.|JCB]], [[AliPay|Alipay]], WeChat Pay<ref>{{Cite news|url=http://uk.businessinsider.com/wirecard-brings-wechat-pay-to-europe-2017-7?r=US&IR=T|title=Wirecard brings WeChat Pay to Europe|work=Business Insider|access-date=2017-07-17|language=en}}</ref>, [[Apple Pay]] and [[China UnionPay]], among others.
==List of Subsidiaries<ref name = "WDFinancialReport2016">{{cite web |url=http://ir.wirecard.com/download/companies/wirecard/Quarterly%20Reports/DE0007472060-Q3-2016-EQ-E-01.pdf |title=Wirecard AG Interim Report As At 30 September 2016 |accessdate=10 February 2017 |publisher=Wirecard}}</ref>==

In March 2017 Wirecard acquired Citi Prepaid Card Services to bring all these services to the US market as well. 

== Products and Services ==
Wirecard is an international supplier of electronic payment and risk management solutions. This includes the integration of payment methods as well as payment processing both for [[e-commerce]] and for physical [[Point of Sale|point of sale systems (POS).]] Wirecard provides these services to a total of 29,000 large companies, including [[KLM]], [[Rakuten.com]], [[O2 (UK)|O2]] ([[Telefónica Europe|Telefónica]]) and [[Transport for London]], among others.

Wirecard also supports high-street [[retail]] with [[Digitizing|digitisation]]; an example of this is the collaborative project with [[T-Systems]]. Many [[Financial technology|FinTech]] companies work with Wirecard, for instance, using their banking licence. Some well-known partnerships include: Curve, [[Funding Circle]]; start-up banks such as Atom<ref>{{Cite news|url=http://uk.businessinsider.com/fintech-atom-bank-raising-100-million-to-get-into-mortgages-2016-9|title=Atom Bank is raising £100 million and getting into mortgages|work=Business Insider|access-date=2017-07-17|language=en}}</ref>, Monzo<ref>{{Cite news|url=http://uk.businessinsider.com/monzo-interim-48-million-funding-round-2016-10|title=App-only bank Monzo valued at £50 million in 'interim' £4.8 million funding round|work=Business Insider|access-date=2017-07-17|language=en}}</ref>, Starling and Tandem; money apps including Revolut<ref>{{Cite news|url=http://uk.businessinsider.com/revolut-business-sign-ups-fintech-fx-2016-9|title=More than 3,000 companies have signed up to hot fintech Revolut's new business service|work=Business Insider|access-date=2017-07-17|language=en}}</ref>, Monese and Pockit; spending management apps<ref name=":0">{{Cite news|url=http://uk.businessinsider.com/neobank-banking-app-make-money-fintech-monzo-revolut-loot-atom-tandem-2016-11|title=Britain is getting MORE banking app startups — can they all survive?|work=Business Insider|access-date=2017-07-17|language=en}}</ref> such as Loot<ref>{{Cite news|url=http://uk.businessinsider.com/fintech-loot-growth-funding-banking-generation-snapchat-2016-11|title=Millennial banking startup Loot raised another £2.5 million|work=Business Insider|access-date=2017-07-17|language=en}}</ref>, 'U' account and Soldo and business accounts like Tide.<ref>{{Cite news|url=http://uk.businessinsider.com/tide-bank-launch-funding-brexit-perfect-scenario-2016-7|title=There's a new digital-only bank and its CEO says Brexit is the 'perfect scenario' to launch|work=Business Insider|access-date=2017-07-17|language=en}}</ref>

Wirecard has been collaborating with Alipay since 2015, to offer Chinese tourists a familiar payment method during their travels in Europe. As part of this, Wirecard has integrated this alternative payment method into the till systems of retailers such as [[Printemps]], [[The Body Shop]] and [[National Bank of Greece|The National Bank of Greece.]]<ref>{{Cite web|url=https://www.nfcworld.com/2016/11/09/348365/48365/|title=French department store offers Alipay mobile payments • NFC World|date=2016-11-09|website=NFC World|access-date=2017-07-17}}</ref><ref>{{Cite web|url=http://www.pymnts.com/news/payment-methods/2016/alipay-mobile-wallet-now-in-three-london-body-shop-stores/|title=The Body Shop To Launch Alipay Mobile Wallet In Three London Stores {{!}} PYMNTS.com|website=www.pymnts.com|language=en-US|access-date=2017-07-17}}</ref><ref>{{Cite web|url=http://www.pymnts.com/news/payment-methods/2017/wirecard-inks-deal-with-national-bank-of-greece-to-integrate-alipay-chinese/|title=Wirecard Inks Deal With NBG To Integrate AliPay {{!}} PYMNTS.com|website=www.pymnts.com|language=en-US|access-date=2017-07-17}}</ref> Since July 2017, Wirecard is partnering with Tencent to offer WeChat Pay as well.

In the mobile payments sector, Wirecard has negotiated several contracts with telecommunications providers for technical services with regard to mobile smartphone payments based on [[Near field communication|near-field communication (NFC)]]. The payment processor offers its partners a mobile card reader as a [[White-label product|white label]] programme for the acceptance of card payments via smartphones or tablets.

In 2015, Wirecard introduced the fully-digitised mobile payment app, boon.<ref>{{Cite web|url=https://boonpayment.com/uk/|title=boon. {{!}} Contactless payments using your smartphone|website=boonpayment.com|access-date=2017-07-17}}</ref> It is based on a virtual prepaid Mastercard and runs on smartphones with [[Android (operating system)|Android]] or [[iOS]] operating systems. Currently, the Android version is available in Germany, Austria, Belgium, the Netherlands, Spain and Ireland. At the moment, boon. can be used with Apple Pay in France, the UK, Switzerland and Italy. The boon. app can be used with Apple Pay independently of banks and network operators.

Since 2014, Wirecard has offered its Checkout Portal – a fully automated solution for easily connecting different payment methods in [[Online shopping|online shops]], with a focus on [[Small and medium-sized enterprises|SMEs]] and virtual marketplaces.

''mycard2go'' has been part of Wirecard Bank’s portfolio since 2010. It is a prepaid card which can be purchased in stores and is ready to top up following online activation.

Wirecard’s Supplier and Commission Payments (SCP)<ref>{{Cite web|url=https://www.wirecard.com/glossary/scp-supplier-and-commission-payments-1/|title=SCP, Supplier and Commission Payments|website=www.wirecard.com|access-date=2017-07-17}}</ref> is tailored to the travel industry and is based on the automatic issuance of virtual credit cards. It enables electronic payments to partners and suppliers, for example, commission payments. This means that international payments can be processed by sending virtual credit card numbers electronically.

==List of Subsidiaries==
 Wirecard is a global company founded in 1999, which operates across all continents worldwide since 2017.

It entered the U.S. market in 2017 following completion of the takeover of Citi Prepaid Services.<ref>{{Cite web|url=http://www.bankingtech.com/764412/wirecard-completes-citi-prepaid-acquisition/|title=Wirecard completes Citi Prepaid acquisition » Banking Technology|website=www.bankingtech.com|access-date=2017-07-17}}</ref> Wirecard took over the Brazilian company MOIP in 2016.<ref>{{Cite news|url=http://www.reuters.com/article/us-moip-m-a-wirecard-idUSKCN0VV17J|title=Wirecard buys Brazilian online payments firm for 23.5 million euros|last=|first=|date=2016-02-22|work=Reuters|access-date=2017-07-17|archive-url=|archive-date=|dead-url=}}</ref> The previous year, in 2015, it entered the Indian market with the acquisition of the Great Indian Retail Group’s payment business. Wirecard has been strengthening its operations in the Asia-Pacific region, the Middle East and Africa since 2014.<ref>{{Cite web|url=https://www.wirecard.com/newsroom/press-releases/newsdetail/wirecard-ag-announces-its-market-entry-into-north-america-by-the-acquisition-of-citi-prepaid-card-services/|title=Wirecard AG announces its market entry into North America by the acquisition of Citi Prepaid Card Services|website=www.wirecard.com|access-date=2017-07-17}}</ref><ref>{{Cite web|url=https://www.wirecard.com/newsroom/press-releases/newsdetail/wirecard-acquires-brazilian-online-payment-service-provider/|title=Wirecard acquires Brazilian online payment service provider|website=www.wirecard.com|access-date=2017-07-17}}</ref><ref>{{Cite web|url=https://www.wirecard.com/newsroom/press-releases/newsdetail/wirecard-acquires-brazilian-online-payment-service-provider/|title=Wirecard acquires Brazilian online payment service provider|website=www.wirecard.com|access-date=2017-07-17}}</ref><ref>{{Cite web|url=https://www.wirecard.com/newsroom/press-releases/newsdetail/wirecard-acquires-payments-business-of-great-indian-gi-retail-group/|title=Wirecard acquires payments business of Great Indian (GI) Retail Group|website=www.wirecard.com|access-date=2017-07-17}}</ref><ref name=":0" />

See below for a full list of Wirecard subsidiaries:
{| class="wikitable"
{| class="wikitable"
!Subsidiary Company Name
!Subsidiary Company Name
Line 37: Line 63:
|-
|-
|Wirecard Bank AG
|Wirecard Bank AG
|Aschheim
|Germany
|-
|Wirecard Acquiring & Issuing GmbH
|Aschheim
|Aschheim
|Germany
|Germany
Line 49: Line 71:
|-
|-
|Wirecard Retail Services GmbH
|Wirecard Retail Services GmbH
|Aschheim
|Germany
|-
|Wirecard Sales International Holdings GmbH
|Aschheim
|Aschheim
|Germany
|Germany
|-
|-
|Wirecard Global Sales GmbH
|Wirecard Global Sales GmbH
|Aschheim
|Germany
|-
|Click2Pay GmbH
|Aschheim
|Aschheim
|Germany
|Germany
Line 70: Line 84:
|Wirecard Card Solutions Ltd
|Wirecard Card Solutions Ltd
|Newcastle upon Tyne
|Newcastle upon Tyne
|United Kingdom
|-
|Wirecard (Gibraltar) Ltd
|Gibraltar
|United Kingdom
|United Kingdom
|-
|-
|Wirecard Central Eastern Europe GmbH
|Wirecard Central Eastern Europe GmbH
|Klagenfurt
|Klagenfurt
|Austria
|-
|Wirecard CEE
|Graz
|Austria
|Austria
|-
|-
Line 87: Line 93:
|Bucharest
|Bucharest
|Romania
|Romania
|-
|American Payment Holding Inc
|Toronto
|Canada
|-
|-
|Wirecard Ödeme ve Elektronik Para Hizmetleri A.Ş.
|Wirecard Ödeme ve Elektronik Para Hizmetleri A.Ş.
Line 99: Line 101:
|Dubai
|Dubai
|United Arab Emirates
|United Arab Emirates
|-
|cardSystems Middle East FZ-LLC
|Dubai
|United Arab Emirates
|-
|Wirecard Asia Holding Pte Ltd
|Singapore
|Singapore
|-
|-
|Wirecard Singapore Pte Ltd
|Wirecard Singapore Pte Ltd
Line 115: Line 109:
|Kuala Lumpur
|Kuala Lumpur
|Malaysia
|Malaysia
|-
|PT Prima Vista Solusi
|Jakarta
|Indonesia
|-
|PT Aprisma Indonesia
|Jakarta
|Indonesia
|-
|Wirecard (Vietnam) Co Ltd
|Hanoi & Ho Chi Minh City
|Vietnam
|-
|Wirecard Myanmar Ltd
|Yangon
|Myanmar
|-
|GI Philippines Corp
|Pasay City
|Philippines
|-
|-
|Wirecard India Private Ltd
|Wirecard India Private Ltd
|Chennai
|Chennai
|India
|-
|Hermes I Tickets Pte Ltd
|Chennai
|India
|-
|GI Technology Pvt Ltd
|Chennai
|India
|-
|Star Global Currency Exchange Pte Ltd
|Bangalore
|India
|India
|-
|-
Line 155: Line 117:
|Auckland
|Auckland
|New Zealand
|New Zealand
|-
|Wirecard Payment Solutions Hong Kong Limited
|Hong Kong
|China
|-
|-
|Wirecard Hong Kong Limited
|Wirecard Hong Kong Limited
|Hong Kong
|Hong Kong
|China
|China
|-
|Wirecard Australia Pty Ltd
|Melbourne
|Australia
|-
|Wirecard Australia A&I Pty Ltd
|Melbourne
|Australia
|-
|-
|Wirecard Africa Holdings Proprietary Ltd
|Wirecard Africa Holdings Proprietary Ltd
Line 179: Line 129:
|Sao Paulo
|Sao Paulo
|Brazil
|Brazil
|-
|Wirecard North America Inc.    
|Conshohocken    
|USA
|}
|}


==References==
==References==
<references />
{{Reflist}}


{{Payment service providers}}
{{Payment service providers}}

Revision as of 22:27, 17 July 2017

Wirecard AG
Company typeAktiengesellschaft
FWB: WDI
IndustryFinancial services
Payment processor
Technology
GenreFinancial
PredecessorInfoGenie AG
(Until 6 April 2005)
Founded1999
HeadquartersAschheim, Germany
Area served
Worldwide
Key people
Markus Braun (CEO)
Wulf Matthias
(Chairman of the supervisory board)
ProductsElectronic payment processing
Banking
Card issuance
Mobile payment
Risk management
RevenueIncrease €1.028 billion
(US$1.090 billion) (2016[1])
Increase €266.749 million
(US$283.370 million) (2016 [1])
Total assetsIncrease €3.482 billion
(US$3.700 billion) (2016[1])
Number of employees
3,766 (2016[1])
Websitewww.wirecard.com

Wirecard AG is a global internet technology and financial services provider which is listed on the German stock exchange (TecDAX) and is headquartered in Aschheim, Munich. The company offers its customers electronic payment transaction solutions and risk management, as well as the issuing and processing of physical and virtual cards.

Wirecard Card Solutions Ltd. (WDCS) is a wholly-owned subsidiary headquartered in Newcastle upon Tyne, with an e-money licence which allows it to issue virtual cards. Among others they are forming the basis of numerous mobile payment solutions, such as Orange Cash and Wirecard’s own mobile payment solution boon.

The subsidiary Wirecard Bank AG holds a German banking licence, in addition to licences from Visa and Mastercard. Moreover, it has contacts with American Express, Discover/Diners, JCB, Alipay, WeChat Pay[2], Apple Pay and China UnionPay, among others.

In March 2017 Wirecard acquired Citi Prepaid Card Services to bring all these services to the US market as well. 

Products and Services

Wirecard is an international supplier of electronic payment and risk management solutions. This includes the integration of payment methods as well as payment processing both for e-commerce and for physical point of sale systems (POS). Wirecard provides these services to a total of 29,000 large companies, including KLM, Rakuten.com, O2 (Telefónica) and Transport for London, among others.

Wirecard also supports high-street retail with digitisation; an example of this is the collaborative project with T-Systems. Many FinTech companies work with Wirecard, for instance, using their banking licence. Some well-known partnerships include: Curve, Funding Circle; start-up banks such as Atom[3], Monzo[4], Starling and Tandem; money apps including Revolut[5], Monese and Pockit; spending management apps[6] such as Loot[7], 'U' account and Soldo and business accounts like Tide.[8]

Wirecard has been collaborating with Alipay since 2015, to offer Chinese tourists a familiar payment method during their travels in Europe. As part of this, Wirecard has integrated this alternative payment method into the till systems of retailers such as Printemps, The Body Shop and The National Bank of Greece.[9][10][11] Since July 2017, Wirecard is partnering with Tencent to offer WeChat Pay as well.

In the mobile payments sector, Wirecard has negotiated several contracts with telecommunications providers for technical services with regard to mobile smartphone payments based on near-field communication (NFC). The payment processor offers its partners a mobile card reader as a white label programme for the acceptance of card payments via smartphones or tablets.

In 2015, Wirecard introduced the fully-digitised mobile payment app, boon.[12] It is based on a virtual prepaid Mastercard and runs on smartphones with Android or iOS operating systems. Currently, the Android version is available in Germany, Austria, Belgium, the Netherlands, Spain and Ireland. At the moment, boon. can be used with Apple Pay in France, the UK, Switzerland and Italy. The boon. app can be used with Apple Pay independently of banks and network operators.

Since 2014, Wirecard has offered its Checkout Portal – a fully automated solution for easily connecting different payment methods in online shops, with a focus on SMEs and virtual marketplaces.

mycard2go has been part of Wirecard Bank’s portfolio since 2010. It is a prepaid card which can be purchased in stores and is ready to top up following online activation.

Wirecard’s Supplier and Commission Payments (SCP)[13] is tailored to the travel industry and is based on the automatic issuance of virtual credit cards. It enables electronic payments to partners and suppliers, for example, commission payments. This means that international payments can be processed by sending virtual credit card numbers electronically.

List of Subsidiaries

 Wirecard is a global company founded in 1999, which operates across all continents worldwide since 2017.

It entered the U.S. market in 2017 following completion of the takeover of Citi Prepaid Services.[14] Wirecard took over the Brazilian company MOIP in 2016.[15] The previous year, in 2015, it entered the Indian market with the acquisition of the Great Indian Retail Group’s payment business. Wirecard has been strengthening its operations in the Asia-Pacific region, the Middle East and Africa since 2014.[16][17][18][19][6]

See below for a full list of Wirecard subsidiaries:

Subsidiary Company Name City Country
Wirecard Bank AG Aschheim Germany
Wirecard Technologies GmbH Aschheim Germany
Wirecard Retail Services GmbH Aschheim Germany
Wirecard Global Sales GmbH Aschheim Germany
Wirecard Communication Services GmbH Leipzig Germany
Wirecard Card Solutions Ltd Newcastle upon Tyne United Kingdom
Wirecard Central Eastern Europe GmbH Klagenfurt Austria
Provus Service Provider S.A. Bucharest Romania
Wirecard Ödeme ve Elektronik Para Hizmetleri A.Ş. Istanbul Turkey
Wirecard Processing FZ LLC Dubai United Arab Emirates
Wirecard Singapore Pte Ltd Singapore Singapore
Wirecard Payment Solutions Malaysia Sdn Bhd Kuala Lumpur Malaysia
Wirecard India Private Ltd Chennai India
Wirecard NZ Limited Auckland New Zealand
Wirecard Hong Kong Limited Hong Kong China
Wirecard Africa Holdings Proprietary Ltd Cape Town South Africa
Wirecard Brasil S.A. Sao Paulo Brazil
Wirecard North America Inc.     Conshohocken     USA

References

  1. ^ a b c d "About Wirecard". Wirecard. Retrieved 23 May 2016.
  2. ^ "Wirecard brings WeChat Pay to Europe". Business Insider. Retrieved 2017-07-17.
  3. ^ "Atom Bank is raising £100 million and getting into mortgages". Business Insider. Retrieved 2017-07-17.
  4. ^ "App-only bank Monzo valued at £50 million in 'interim' £4.8 million funding round". Business Insider. Retrieved 2017-07-17.
  5. ^ "More than 3,000 companies have signed up to hot fintech Revolut's new business service". Business Insider. Retrieved 2017-07-17.
  6. ^ a b "Britain is getting MORE banking app startups — can they all survive?". Business Insider. Retrieved 2017-07-17.
  7. ^ "Millennial banking startup Loot raised another £2.5 million". Business Insider. Retrieved 2017-07-17.
  8. ^ "There's a new digital-only bank and its CEO says Brexit is the 'perfect scenario' to launch". Business Insider. Retrieved 2017-07-17.
  9. ^ "French department store offers Alipay mobile payments • NFC World". NFC World. 2016-11-09. Retrieved 2017-07-17.
  10. ^ "The Body Shop To Launch Alipay Mobile Wallet In Three London Stores | PYMNTS.com". www.pymnts.com. Retrieved 2017-07-17.
  11. ^ "Wirecard Inks Deal With NBG To Integrate AliPay | PYMNTS.com". www.pymnts.com. Retrieved 2017-07-17.
  12. ^ "boon. | Contactless payments using your smartphone". boonpayment.com. Retrieved 2017-07-17.
  13. ^ "SCP, Supplier and Commission Payments". www.wirecard.com. Retrieved 2017-07-17.
  14. ^ "Wirecard completes Citi Prepaid acquisition » Banking Technology". www.bankingtech.com. Retrieved 2017-07-17.
  15. ^ "Wirecard buys Brazilian online payments firm for 23.5 million euros". Reuters. 2016-02-22. Retrieved 2017-07-17. {{cite news}}: Cite has empty unknown parameter: |dead-url= (help)
  16. ^ "Wirecard AG announces its market entry into North America by the acquisition of Citi Prepaid Card Services". www.wirecard.com. Retrieved 2017-07-17.
  17. ^ "Wirecard acquires Brazilian online payment service provider". www.wirecard.com. Retrieved 2017-07-17.
  18. ^ "Wirecard acquires Brazilian online payment service provider". www.wirecard.com. Retrieved 2017-07-17.
  19. ^ "Wirecard acquires payments business of Great Indian (GI) Retail Group". www.wirecard.com. Retrieved 2017-07-17.
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