Wirecard and Brightstar sign MOU to digitize financial processes globally

Aschheim (Munich) (ots) -

- Brightstar is the world's leading mobile services company for
managing devices and accessories and serves carrier, retail and
enterprise customers in over 50 countries, handling over 100
million devices each year Under the terms of the MOU, the
companies plan to collaborate in the areas of digital consumer
lending, payment acceptance processing and card issuing for the
retail channel
- Through the cooperation, consumers can upgrade their smartphone
devices more quickly
- Wirecard anticipates significant transaction volume out of this
deal
- SoftBank Group Corp. is the parent company of Brightstar and
introduced the two companies

Wirecard, the global innovation leader for digital financial
technology, and Brightstar, a worldwide leader in device lifecycle
management, have signed a Memorandum Of Understanding (MOU) with the
goal of collaborating in the areas of digital consumer lending,
payment acceptance processing and card issuing.

Brightstar is the world's leading mobile services company for
managing devices and accessories, handling over 100 million devices
per year, across 50 countries. SoftBank Group Corp., parent company
of Brightstar and strategic partner of Wirecard, facilitated the
proposed collaboration.

"As a global mobile services company, we aim to bring the latest
technology to as many users as possible," commented David
Nanayakkara, EMEA President at Brightstar. "Through our collaboration
with Wirecard we plan to expand our already wide-ranging service
offering, and continue providing the most innovative services to our
customers worldwide. We are excited to work with Wirecard, a company
that complements our global reach and digital innovation ambitions."

"We are looking forward to working together with Brightstar and
exploring areas around digital payment and financing where we can
cooperate strategically," added Georg von Waldenfels, EVP Group
Business Development at Wirecard. "Together, we expect to bring a
variety of new solutions to the mobile services market on a global
scale and we anticipate significant transaction volume out of this
deal."

Under the terms of the MOU, digital financial services via the
Brightstar platform are expected to be handled by Wirecard as the
preferred payment service provider with both companies proactively
exploring opportunities for cooperation to support their
digitalization endeavors from now onwards.

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 Brightstar:

Brightstar simplifies the wireless world, making mobile technology
accessible to everyone. A subsidiary of SoftBank Group Corp., we are
the world's leading mobile services company for managing devices and
accessories. We work with carrier, retail and enterprise customers
across 50 countries, touching every stage of a device's lifecycle,
from when it's manufactured to the moment it's time to trade it in
and re-market it. Follow @Brightstar on Twitter.

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

Brightstar media contact:
Email: media@brightstar.com

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