Wirecard expands partnership with India's RBL Bank to further drive financial inclusion

Aschheim (Munich)/Chennai (ots) -

- Consumers now benefit from cash withdrawals, deposits and balance
enquiries at Wirecard's nationwide retail agent network
- The new services are powered by India's Aadhaar Enabled Payment
Services (AEPS) to enable customer identification at the
point-of-sale

Wirecard, the global innovation leader in digital financial
technology, announced today an expanded partnership with RBL Bank to
promote financial inclusion in India. This partnership will make
digital payment and banking transactions more readily accessible to
all Indian citizens, including those living in remote areas.

In partnership with RBL, Wirecard will empower its retail agents,
who serve as customer service representatives in various areas across
the country, to enable the financially underserved to access basic
payment and banking services. These include cash withdrawals and
deposits as well as balance enquiries. Currently, there are nearly
5,000 agents enrolled in the program. Consumers will only need their
local Aadhaar identification number - a biometric database that
provides a unique identity to each Indian citizen and can be linked
to a bank account - to access those services through Wirecard's
retail agents. The service is available to all Indian citizens with
an Aadhaar number linked to a bank account. Today, around 90% of
India's population has an Aadhaar number, and 80% of adults have bank
accounts.

Wirecard provides hundreds of thousands of people daily with
access to affordable financial services and other related services
such as ticketing, mobile top-up, insurance or logistics through its
nation-wide retail agent network and offers tens of thousands of
retailers the opportunity to earn extra money by driving financial
inclusion in India. With the extended partnership with RBL Bank,
Wirecard's retail agents can now offer an even broader range of
digital financial services.

"Our extended partnership with RBL Bank will help bring even more
essential transaction services to both urban and rural residents
India-wide, regardless of their bank. As a leading digital financial
services provider, we are excited to support this innovative
solution," said Anil Kapur, Managing Director India at Wirecard.
"Together with RBL Bank, we are addressing the needs of consumers who
demand quick and secure financial services, no matter where they are
located."

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 and
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 RBL Bank:

RBL Bank is one of India's fastest growing private sector banks
with an expanding presence across the country. The Bank offers
specialized services under six business verticals namely: Corporate &
Institutional Banking, Commercial Banking, Branch & Business Banking,
Agri Business Banking, Development Banking and Financial Inclusion,
Treasury and Financial Markets Operations. It currently services over
5.82 million customers across 21 Indian states and Union Territories.
RBL Bank is listed on both NSE and BSE (RBLBANK). Further details:
www.rblbank.com

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

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