“Wirecard brings its expertise in digital financial technology to the new strategic
partnership with Mastercard Prepaid Management Services (Prepaid Services).
The partnership will drive the trend of the global digital cashless society via the issuance
of prepaid cards and card programs.
Prepaid cards are a bridge technology to new innovative digital payment solutions.”
PRESS RELEASE
wirecard
16 November 2018
Wirecard and Mastercard extend global card issuance
Wirecard brings its expertise in digital financial technology to the new strategic
partnership with Mastercard Prepaid Management Services (Prepaid Services)
The partnership will drive the trend of the global digital cashless society via the issuance
of prepaid cards and card programs
Prepaid cards are a bridge technology to new innovative digital payment solutions
Aschheim (Munich). Wirecard, the global innovation leader in digital financial technology, and
Mastercard, the global payments technology company, signed a strategic agreement to migrate
their global issuing business. Wirecard will support Mastercard Prepaid Management Services
(Prepaid Services), a leader in prepaid program management, with its long-standing expertise in
global issuing services.
The strategic partnership will empower both companies to exploit the growth potential in the field
of digital prepaid payment solutions. Together their existing and new prepaid solutions will deliver
further payment choice to a broader audience, including: travel agencies and airlines for their
customer holiday travel money, compensation or staff expenditure; governments looking for ways
to disperse funds and benefits; and SMEs’ controlled payment functionality for employees.
Susanne Steidl, CPO at Wirecard, said, “As the leading innovation driver of digital financial
technology, we are proud to announce the extension of our global strategic cooperation with
Mastercard. Our ambition within this cooperation is to shape the future of the international payment
market with tailor-made solutions for the specific industries. Mobile apps are set to become the
payment solution of choice worldwide and we are already enabling this kind of technology today,
often based on digital prepaid cards.”
Fabrizio Burlando, President at Mastercard Prepaid Management Services, said, “As consumers,
businesses and governments come to terms with the limitations and cost of cash, our focus is on
providing real payment choice and convenience to audiences who have not been well serviced for
their payment needs, and often resorted to using cash by default. To support our initiatives, we will
leverage Wirecard’s long-standing expertise and international market knowledge in issuing
services.”
