Wirecard provides xarvio digital farming solutions of BASF with digital payment services

Aschheim, Munich (ots) -

- xarvio(TM) digital farming solutions to use Wirecard's digital
financial commerce platform to process global credit card payments
- Farmers using xarvio Field Manager to optimize their crop
production benefit from digital, secure and real-time payment
services by Wirecard

Wirecard, the global innovation leader in digital financial
technology, has announced a cooperation with BASF Digital Farming
GmbH, Münster, Germany, to provide digital payment services for the
company's latest farming solution. xarvio(TM) Field Manager of BASF
is a commercial digital product to optimize crop production. To
receive field-specific timing and dosing of agricultural inputs,
farmers will use Wirecard's innovative payment ecosystem to process
Visa and Mastercard payments worldwide.

xarvio digital farming solutions and Field Manager are part of
BASF's Agricultural Solutions division, one of six segments of the
BASF Group. The division generated sales of 5.7 billion euros in
2017. As the one-stop payment service provider, Wirecard will provide
a customized end-to-end solution created for xarvio digital products,
which will facilitate subscription payments for users worldwide, and
offer a secure, transparent and efficient payment processing service.

According to a 2017 study by MarketsandMarkets, the digital-based
farming services market is projected to reach USD 9.53 billion by
2023. Driving factors for the expected boom include population growth
and the associated increase in demand for food, cost savings offered
by digital farming, and government initiatives to modernize the
agriculture industry. Digital solutions for farming services can
provide both a financial benefit for farmers and improve production
rates and outputs.

"The digital transformation of agriculture has opened up a number
of opportunities for us to expand our digital service offering," said
Andre-Georg Girg, Global Head Commercial Operations Digital Farming
at BASF. "Our xarvio digital products solutions use technology to
support better decision making and to improve the efficiency of crop
production, resulting in both short and long term benefits for
farmers' income, the quality of their crops and the environment. As
the international scope of our solution required a global partner to
provide real-time, secure payment services, we are very pleased to
partner with Wirecard. Their one-stop solution fulfills our
expectations and can meet the needs of our customers."

"We are pleased to be cooperating with BASF in such an innovative
industry like digital farming," said Brigitte Häuser-Axtner,
Executive Vice President, Sales Digital & Telecommunications at
Wirecard. "Developing this tailor-made solution for xarvio shows the
adaptability of our financial services ecosystem. We look forward to
the success of our partnership in this valuable and fast-growing
industry, and to furthering our cooperation with BASF."

The success of farmers around the globe depends on many factors
such as weather, plant health, soil conditions and prices for
agricultural produce. Modern farmers have to analyze more and more
data of increasing complexity to make the right cultivation
decisions. xarvio Field Manager helps growers to farm better with
less - preserving or enhancing yields, while reducing the
environmental impact of farming and supporting more biodiversity on
the land.

About Wirecard:

Wirecard (GER:WDI) is one of the world's fastest growing digital
platforms in the area of financial commerce. We provide both business
customers and consumers with a constantly expanding ecosystem of
real-time value-added services built around innovative digital
payments by using an integrated B2B2C approach. This ecosystem
concentrates on the areas payment & risk, retail & transaction
banking, loyalty & couponing, data analytics & conversion rate
enhancement in all sales channels (online, mobile, ePOS). Wirecard
operates regulated financial institutions in several key markets,
holds issuing and acquiring licenses from all major payment and card
networks. Wirecard AG is listed on the Frankfurt Stock Exchange (DAX
and TecDAX, ISIN DE0007472060). Visit us on www.wirecard.com, follow
us on Twitter @wirecard and on Facebook @wirecardgroup.

About BASF's Agricultural Solutions division:

With a rapidly growing population, the world is increasingly
dependent on our ability to develop and maintain sustainable
agriculture and healthy environments. Working with farmers,
agricultural professionals, pest management experts and others, it is
our role to help make this possible. That's why we invest in a strong
R&D pipeline and broad portfolio, including seeds and traits,
chemical and biological crop protection, soil management, plant
health, pest control and digital farming. With expert teams in the
lab, field, office and in production, we connect innovative thinking
and down-to-earth action to create real world ideas that work - for
farmers, society and the planet. In 2017, our division generated
sales of EUR5.7 billion. For more information, please visit
www.agriculture.basf.com or on any of our social media channels.

Contact:
Wirecard media contact:
Wirecard AG
Jana Tilz
Tel.: +49 (0) 89 4424 1363
Email: jana.tilz@wirecard.com

BASF media contact:
BASF SE
Tanja Rolletter
Tel.: +49 (0) 621 60 27951
Email: tanja.rolletter@basf.com

Original-Content von: Wirecard AG, übermittelt durch news aktuell