Wirecard and OYO, one of the world's largest hospitality chains, exploring collaboration on a global scale

Aschheim (Munich) (ots) -

- Wirecard will explore ways to enable OYO with innovative digital
financial services and solutions including payment acceptance,
credential issuance and payments technology
- The collaboration would span across international markets where OYO
is present, including the USA, UK, Europe and South-East Asia
- Collaboration facilitated in strategic partnership with SoftBank

Wirecard, the global innovation leader for digital financial
technology, and OYO, the fast-growing hospitality business and
world's third largest hotel chain by room count, today announced that
they are exploring collaboration opportunities to provide a suite of
financial services to make payments for OYO hotels and home bookings
seamless and hassle-free across several regions in the world,
notably, South-East Asia, Europe, UK and the USA. OYO is a
constituent of the SoftBank Vision Fund which facilitated the
introduction to Wirecard.

As part of the collaboration, Wirecard will look to enable OYO
with a wide range of digital financial commerce related services
including payment acceptance and issuance for OYO's booking services
- online, mobile and point-of-sale (POS) - as well as enabling it to
leverage Wirecard's banking-as-a-platform capabilities that include
lending and loyalty to ensure guests booking an OYO hotel have a
hassle-free payment experience.

OYO provides quality living spaces for business and leisure
travelers by leveraging its core capabilities of broad reach and
efficient renovations, superior guest experiences, technology-based
operations and independent distributions. Currently, OYO has an
international presence with its hotels and homes business spread
across the Indian subcontinent, China, South-East Asia, UAE, Saudi
Arabia, Europe, USA and many other countries with a portfolio that
comprises more than 23,000 hotels and 125,000+ vacation homes in 800
cities in 80 countries.

"We are very excited to explore working with Wirecard - not only
because of the all-encompassing scope of the company's set of
financial service offerings but also because of its international
financial payments expertise. By easing the booking experience for
our customers around the world and helping create value-added
offerings, Wirecard can help us come closer to our goal of becoming
the most preferred and trusted hospitality brand in the world," said
Maninder Gulati, Chief Strategy Officer (Global) at OYO.

"OYO has truly revolutionized the hospitality space across the
globe and we are excited to be engaging with them as they take their
business to the next level. The future of the travel industry is
digital, with unified, integrated customer experiences across all
channels - and this includes smooth and reliable digital financial
processes such as we intend to provide to OYO around the world," said
Georg von Waldenfels, EVP Group Business Development at Wirecard.

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 OYO Hotels & Homes:

Opening its doors in 2013, OYO Hotels & Homes is the world's
third-largest chain of hotels, homes, managed living and workspaces.
The portfolio combines fully operated real estate comprising more
than 23,000 hotels and 125,000 vacation homes. OYO along with
Vacation Homes categories managed by the company under OYO Homes,
Belvilla and Dancenter brands can be found in more than 800 cities in
80 countries, including the U.S., Europe, U.K., India, Malaysia,
Middle East, Indonesia, Philippines, and Japan. For more information,
log onto https://www.oyorooms.com/

Wirecard media contact:

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

OYO Hotels & Homes media contact:

OYO
Shonali Chakravarty
Email: shonali.chakravarty@oyorooms.com / press@oyorooms.com

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