MUNICH and SINGAPORE, January 29, 2015 /PRNewswire/ --
- Secure card settlement service via mobile devices
- Acceptance of international card payments
Since lately, Wirecard Group, with its Singapore subsidiary Trans Infotech Pte. Ltd., cooperates with Vietnam Export Import Commercial Joint Stock Bank (Eximbank) in the field of mobile payment via innovative mPOS terminals. The new service to accept card transactions via smartphones or tablets is called "Eximbank's mPOS". It enables small and medium-sized enterprises to offer MasterCard, Visa or JCB card payments - anytime and anywhere. As one of the world's leading independent providers of white label solutions for electronic payment transactions, Wirecard manages the complete mPOS-lifecycle. The service includes card readers for magstripe and EMV-chip, an application with transaction overview, the complete terminal management as well as the operation of the mPOS payment gateway.
Eximbank, headquartered in Ho Chi Minh City (Vietnam), has a nationwide network. Its new product Eximbank's mPOS targets various companies with high mobility such as insurance agents, collection service upon delivery, power or water companies, taxis, fast food restaurants.
"We can take advantage of synergy effects from selling the entire bandwidth of the Wirecard Group's services to form a unique end-to-end infrastructure for the whole mPOS-ecosystem, including payment processing, banking services and hardware handling" says Freddy Chong, Managing Director with Trans Infotech Pte. Ltd.
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).
About Vietnam Eximbank:
Eximbank was established on May 24, 1989 under the decision No. 140/CT of the Chairman of the Council of Ministers under the name VIETNAM EXPORT IMPORT BANK and was one of the first joint-stock commercial banks of Vietnam. The Bank officially came into operation on January 17, 1990. On April 6, 1992, the Governor of the State Bank of Vietnam signed the license No. 11/NH-GP allowing the Bank to operate for a term of 50 years with the registered charter capital of VND50 billion (equivalent to USD12.5 million) and the new name Vietnam Export Import Commercial Joint-Stock Bank (Vietnam Eximbank for short). At present, Eximbank has the charter capital of VND12,335 billion and the owner's equity of VND13,317 billion, making it one of the largest banks in terms of owner's equity among the commercial joint stock banks in Vietnam. Vietnam Export Import Commercial Joint Stock Bank has developed a nationwide network with its Head Office located in Ho Chi Minh City and 207 branches and transaction offices and has established correspondent banking relationships with over 869 banks and their branches in more than 84 countries in the world.
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SOURCE Wirecard AG