“payleven is a fast-growing company for mobile card acceptance, and is pursuing ambitious international targets,” Jorn Leogrande, the vice president for mobile services at Wirecard, said. “We are pleased to be able to contribute our expertise to this success story.”
Payleven’s solution is based on a “plug and pay” principle, offering clients the ability to make chip and PIN debit and credit payments through their mobile devices. Wirecard will contribute its core technologies in risk and fraud management, as well as processing, to the partnership.
“We have found a strong partner in Wirecard, which has more than 13 years of experience in international payment services,” payleven CMO Konstantin Wolff said. “The strategic alliance with Wirecard AG will bundle enormous competence with strong innovational prowess, and will enable us to meet the needs of both the market and our customers with even better products.”