Wirecard and Malaysia's Affin Bank Berhad expand existing collaboration to drive customer growth and retention with fully digital internet banking solution

Aschheim (Munich)/Kuala Lumpur (ots) -

- Since the start of their collaboration in 2017, Wirecard has
enabled AFFINBANK to roll out their "digital first" strategy by
providing mobile payment, e-commerce and point-of-sale solutions
- In addition to retail banking solutions for private customers,
Wirecard also enables banks in Asia to offer comprehensive
transaction banking services for corporate clients and is market
leader in Indonesia in this area
- Wirecard can develop and scale its flexible platform-based
ecosystem around payment and banking both internationally and
locally

Wirecard, the global innovation leader in digital financial
technology, and Affin Bank Berhad ("AFFINBANK") today announced an
extension of their collaboration focused on revolutionizing internet
banking for consumers in Malaysia. Through this partnership, over
300,000 AFFINBANK customers are already benefitting from an array of
services such as e-commerce and mobile payment powered by Wirecard
technology. By leveraging more of Wirecard's platform, AFFINBANK is
able to launch a complete internet banking solution which will drive
customer growth and retention and boost e-banking usage.

AFFINBANK is a financial institution listed on the Main Market of
Bursa Malaysia (KLSE: 5185) and currently has a network of 110
branches across Malaysia. The Bank provides a suite of financial
products and services tailored to both retail and corporate
customers.

Together with local banks, Wirecard is capitalizing on the strong
trend in Asia Pacific for internet banking with 77% of consumers
preferring to bank digitally, as well as local banks' preference to
outsource technology development to third party experts.

Based on the company's international expertise, Wirecard has
developed specific solutions, tailored to the needs of banks in Asia
who want to provide digital banking services to corporate or private
clients. Leveraging Wirecard technology, banks are able to offer
their corporate clients holistic transaction banking solutions such
as cash management, liquidity management and invoice payment
services. In Indonesia, Wirecard is already market leader in
corporate transaction banking software solutions with more than 50%
market share. For private clients, banks, such as AFFINBANK, can
offer the complete range of digital banking functionality from money
transfers and investment management to loans through Wirecard's
white-label software complemented with a corresponding app.

Group Chief Executive Officer of AFFINBANK, Kamarul Ariffin Mohd
Jamil said, "We are pleased to partner with Wirecard and announce the
enhanced Retail Internet Banking solution for our customers. The
solution is a key product in the consumer segment and the expanded
platform will help us to serve our customers better and provide an
even better digital banking experience. As cashless payments continue
to grow strongly in Malaysia, we look forward to working with
Wirecard to provide more value-added services for our customers."

"Customers today expect to perform their financial tasks with
ease, and this means having access to banking services that are
simple, intuitive and seamlessly connected across multiple channels
including mobile and web," said Chan Chun Fee, General Manager and
Country Head of Wirecard Malaysia. "We are thrilled to continue to
strengthen our relationship with AFFINBANK as their technology
partner to address the needs of consumers who demand convenience and
value, and a personalized experience."

Since 2017, Wirecard has been enabling AFFINBANK to provide
e-commerce and mobile payment services to its customers. Furthermore,
AFFINBANK has been leveraging Wirecard's digital financial commerce
platform to enable merchants to accept online payments as well as
credit and debit card payments via Wirecard's point-of-sale
terminals.

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 Affin Bank Berhad:

The AFFIN Bank Group is a financial services conglomerate. The
Group's activities focus on commercial, Islamic and investment
banking services, money broking, asset management and underwriting of
life and general insurance business. Affin Bank Berhad (AFFINBANK)
provides a suite of financial products and services that is catered
to both retail and corporate customers. The target business segments
are categorised under key business units such as Consumer Banking,
SME Banking, Corporate Banking and Treasury. Our tagline of "Banking
Without Barriers" signifies the removal of boundaries within the
processes of the Bank as well as its attitude in servicing its
customers. The latter means reaching out to the customers, improving
relationships with them, making each one of them feel privileged and
enhancing a new approach to banking and changing the face of
conventional banking. AFFIN Bank Group also provides Islamic banking
products and services via its Islamic banking subsidiary Affin
Islamic Bank Berhad (AFFIN ISLAMIC). AFFIN ISLAMIC commenced
operations on 1st April 2006 as a full-fledged Islamic bank and
offers a complete range of Islamic Banking products and services for
individuals and corporates which are in compliance with Shariah
principles and laws. As at 31 March 2019, AFFINBANK and AFFIN ISLAMIC
have a network of 110 branches in Malaysia. For more information, log
on to www.affinbank.com.my or visit any of the AFFINBANK or AFFIN
ISLAMIC branches nationwide.

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

Affin Bank Berhad media contact:

Raja Emylia Raja Lope Ahmad
Head, Corporate Communications
Affin Bank Berhad
Tel.: +60 (3) 2055 9428
Email: head.corpcomm@affinbank.com.my

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