Wirecard cooperates with Morocco's national airline Royal Air Maroc to integrate digital payments globally

Aschheim (Munich) (ots) -

- Royal Air Maroc is one of the leading and fastest growing
airlines in Africa
- Wirecard handles Visa, Mastercard and Maestro payments made
through the Royal Air Maroc website and travel agencies
- Customers benefit from flexible digital payment processes and an
improved user experience

Wirecard, the global innovation leader for digital financial
technology, is handling payments for online and travel agency
bookings for Royal Air Maroc, Morocco's national airline, and one of
Africa's leading and fastest growing airlines.

Royal Air Maroc is set to join the oneworld alliance in mid-2020,
and has annual passenger figures of 7.4 million with an average of
245 daily departures. In 2018, Royal Air Maroc and its subsidiaries
generated revenues of EUR 1.5 billion.

In addition to processing all online Visa, Mastercard and Maestro
payments for Royal Air Maroc, Wirecard also handles credit card
payments made via travel agency or airline agent ticket transaction
settlement systems, such as ARC (Accounts Receivable Conversion) and
IATA's Billing and Settlement Plan (BSP), which serves more than 400
participating airlines and in 2018 processed more than EUR 221.6
billion.

"We serve more than 90 destinations internationally and welcome
passengers from around the globe on our flights," said Yassine
Berrada, CFO at Royal Air Maroc. "To reflect our global presence and
reach, we are constantly broadening the scope of our service
offerings, which includes ensuring a convenient and easy payment
experience no matter how our passengers choose to book flights with
us. We are delighted to be cooperating with Wirecard in the area of
digital payments."

"The large part of air travel bookings are now paid for online and
this trend is set to grow exponentially as payments become more
digital. In 2018 alone, air travel booked over the internet generated
a revenue of over EUR 360 million worldwide," said Eckart Reiche,
Vice President Global Airline Sales at Wirecard. "Not only is Morocco
a top tourist destination, Casablanca, as the major hub for Royal Air
Maroc, connects flights to North and South America, Europe, Africa,
the Middle East, and in the near future, Asia. We are proud to
leverage on our expertise in global digital payments for Royal Air
Maroc, and add another national airline to our already extensive
client portfolio."

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 Royal Air Maroc:

Royal Air Maroc is the national air carrier of the Kingdom of
Morocco. It was founded in 1957 and is currently a leading airline in
Africa. In 2018, RAM transported 7.4 million passengers (in which 45%
were connecting in the Casablanca Hub), from 98 destinations (27 in
Africa) around the world in 49 countries. It was awarded a 4 star
Skytraxs ® as well as the award of "Best Regional African Airline" in
2015 and has maintained these ratings since that date. The airline
currently operates 61 aircraft with an average age of 10 years, and
has an ambitious plan to grow and to develop its digital
capabilities.

Contact:
Wirecard media contact:

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

Royal Air Maroc media contact:

Royal Air Maroc
Zineb Rabouh
Tel.: +212 (0) 522 91 24 96
Email: zrabouh@royalairmaroc.com

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