Cooperation between Yapital and Wirecard Allows for Payments across All Channels

LUXEMBOURG, February 4, 2014 /PRNewswire/ --

Close partnership between European cross-channel payment solution and a leading global specialist in electronic ecommerce payment transactions.

The European cross-channel payment solution, Yapital, and Wirecard AG, a world leading full-service provider for payment transactions, have entered into a strategic collaboration with the aim of distributing a cross-channel payment method. Adding Yapital to Wirecard's existing payment interface will significantly increase the number of potential acceptance points for Yapital, with Wirecard customers able to integrate the Yapital cross-channel payment solution into their payment mix via the Wirecard Checkout Page. In the future this collaboration is also aimed at incorporating the Wirecard Bank services moving forward.

From large retail chains to small web shops, tour operators to online media distributors - all benefit from the innovative services of Wirecard AG. In 2012, mobile payment and mPOS solutions were added to the Wirecard payment platform. With the addition of Yapital, this portfolio is now being expanded to include a fast, convenient, cross-channel shopping experience. Whether online, on invoice or using mPOS, consumers can pay by scanning a QR code using the Yapital app on their smartphone and click "Confirm". All transactions are processed in real time and companies have the added benefit of a guaranteed transaction.

"The cooperation with Wirecard is a great opportunity for us to convince a large number of companies from very diverse sectors about the tangible benefits of our cross-channel payment solution", explains Nils Winkler, Chairman of the Board at Yapital. "At the same time, Wirecard partners are able to offer their customers an innovative payment method - thus enhancing their image as a forward-looking company."

Michael Brinkmann, Executive Vice President of Partner Management at Wirecard AG, adds: "Changes in consumer behaviour and the growing popularity of mobile devices mean that retailers have to offer their customers touch point-independent transaction options. We are delighted to offer Yapital to our customers on our checkout page as of now and also to be contributing to the success of the product with our banking services."

Press release issued by
Yapital Financial AG
5 Rue Eugène Ruppert
L-2453 Luxembourg

About Yapital Financial AG

Yapital is a European, cashless cross-channel payment solution operating across all channels: in-store, mobile, online and by invoice. Operation is easy, fast and secure: following online registration, the user can immediately make payments send and receive money with Yapital, across all channels.

For business customers, Yapital is a guaranteed means of payments - this provides process security and reduces administrative costs. In addition, Yapital seamlessly covers all trade and service channels, thus enabling marketing channels to be converted into sales channels. Business customers can therefore not only reduce costs with Yapital, but can also simultaneously open up new revenue potential.

Yapital was established in 2011 as a wholly owned subsidiary of the Otto Group. Yapital Financial AG is licensed in Luxembourg as an electronic money institution.

Further information on Yapital:

Homepage: http://www.yapital.com

Blog: http://www.yapital.info

Twitter: http://www.twitter.com/yapital

Facebook: http://www.facebook.com/yapital

See Yapital live in action in February at the Euroshop trade fair in Düsseldorf (16 -20 February 2014), Hall 6, booth 6E49.

About Wirecard AG:

Wirecard AG is one of the world's leading independent providers of outsourcing and white label solutions for electronic payment transactions. The Wirecard Group has been supporting companies in accepting electronic payments from all sales channels. A global multi-channel platform bundles international payment acceptances and methods, supplemented by fraud prevention solutions. When it comes to issuing their own payment instruments in the form of cards or mobile payment solutions, Wirecard provides companies with an end-to-end infrastructure, including the requisite licenses for card and account products.

Wirecard AG is listed on the Frankfurt Securities Exchange (TecDAX, ISIN DE0007472060, WDI).

http://www.wirecard.de  |  http://www.wirecardbank.de  |  http://www.mywirecard.com

Contact:
Martin Zander
Yapital Financial AG
Tel.: +352-203-10-111
Email: press@yapital.com

Wirecard AG
Maren Brandt
Tel.: +49(0)89-4424-1425
Email: maren.brandt@wirecard.com

SOURCE Yapital Financial AG