Wirecard and givve enhance digital benefits to improve loyalty amongst hundreds of thousands of employees

Aschheim (Munich) (ots) -

- Wirecard has already issued almost 300,000 employee cards for over
8,500 givve corporate customers
- givve's acquisition by Up group opens up a new range of deployment
scenarios in the field of loyalty and incentives

Wirecard, the global innovation leader for digital financial
technology, and givve, a German FinTech company specializing on
employee engagement and incentive solutions, expand their existing
partnership in the field of digital employee benefits. The givve
Mastercard is issued by Wirecard and can be used at 36 million points
of acceptance worldwide. givve currently boasts over 8,500 corporate
clients including Lindner Group and Mercateo, has issued almost
300,000 employee benefit cards via the Wirecard platform, and is
currently selling 500 new cards a day. The Munich-based FinTech givve
is one of the ten fastest growing technology companies in Germany and
was recently acquired by Up group. As a result of the acquisition,
the deployment possibilities for the joint solution can be extended
from employee loyalty cards to include full loyalty programs and
incentives.

Joanne Ridgway, Head of Account Management at Wirecard, said, "The
advantages of digital benefit cards for both employers and employees
range from concrete ones such as tax benefits to emotional ones such
as loyalty and the feel good factor. In the US, we have been serving
this market for many years, in which time the number of issued cards
has grown by 75% while expenditure using employee benefit cards has
risen around 45%. We look forward to driving forward this growth
market here in Europe and partnerships with innovative,
forward-thinking companies are key to this vision."

Patrick Löffler, Co-Founder and CEO at givve, added, "The work we
have done with Wirecard on both the card holder and the client
issuing fronts is highly innovative and has been key in helping our
customers improve employee loyalty. For example, unlike similar
offerings, our card can be topped up by users, extending its lifespan
and enabling employees to use the card as an alternative cashless
payment method on an ongoing basis. We are excited about the
possibilities to expand the reach of our technology and improve
processes further through the use of state-of-the-art developments
such as machine learning."

givve offers a platform facilitating, automating and optimizing
the management and distribution of employee benefits, combined with a
multi-use-case payment card, issued by Wirecard. This solution
strengthens the strong and meaningful bonds between a company and its
employees, which is an increasingly differentiating factor in
attracting and retaining the best talents. The givve Mastercard can
be branded in line with a company's corporate identity and offers
employers the chance to show their appreciation for employees with a
wide range of tax-free fringe benefits.

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 givve:

The company was founded in 2010 by Patrick Löffler (CEO) and
Alexander Klaiber (CTO). The prepaid credit card from givve is the
most flexible voucher in the world and can be used at more than 30
million acceptance points around the globe. The prepaid credit card
from givve is a smart way to increase your salary as an additional
benefit in cash from your employer. Companies have the option of
providing their employees with tax-free benefits in kind at a value
of 44 euros. With the givve card, which can be designed in the
corporate design of the company, employees can use this amount as
they wish. Thus, givve offers companies a progressive and sustainable
tool for employee retention and motivation as well as for increasing
employer attractiveness and is employee motivation that pays off.
Further information can be found at www.givve.com.

Contact:
Wirecard media contact:

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

givve media contact:

givve
Patrick Löffler
Tel.: +49 (0) 171 12 55 550
Email: patrick.loeffler@givve.com

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