MUNICH, November 18, 2013 /PRNewswire/ --
- Development of additional sales potential in Africa
Wirecard AG, a specialist for payment and risk management solutions, has joined the African Airlines Association (AFRAA) partner program as a full member with immediate effect. As a result, the Munich-based company is the first payment service provider in the world to join the AFRAA network.
"We want to offer our association members clarification, and to provide them with an end-to-end network of innovative partners. Wirecard is the first payment service provider to complete this offering for our members," commented Dr. Elijah Chingosho, Secretary General of AFRAA.
Jörg Möller, Executive Vice President Travel & Transportation with Wirecard is confident: "Joining the AFRAA partner network gives us optimum access to the high-growth African market. Many African carriers are currently expanding their online presence in order to meet the growing demand. We can support this step as a global payment provider with end-to-end industry expertise."
The strategic alliance with AFRAA opens up many advantages for Wirecard, such as access to the network of African airlines, work in committees to define industry standards and participation in congresses and association meetings. As part of the 45th AFRAA Annual General Meeting in Mombasa, Kenya (November 24 - 26, 2013), Wirecard will inform airlines of its products and services for payment processing and risk management. Wirecard is already Payment Service Provider to many African airlines.
The African Airlines Association, also known by its acronym AFRAA, is a trade association of airlines from the member states of the African Union (AU). Founded in Accra, Ghana, in April, 1968, and headquartered in Nairobi, Kenya, the primary purposes of AFRAA are to foster commercial and technical co-operation among African airlines and to represent their common interests. AFRAA membership cuts across the entire continent of Africa and includes all the major intercontinental African operators. The Association members represent over 80% of total international traffic carried by African airlines.
Wirecard AG is one of the world's leading independent providers of outsourcing and white label solutions for electronic payment transactions. Wirecard supports companies in accepting electronic payments from all sales channels. It provides international payment acceptances and methods, supplemented by fraud prevention solutions via a global multi-channel platform. When it comes to issuing their own payment instruments in the form of cards or mobile payment solutions, the Wirecard Group provides companies with an end-to-end infrastructure, including the requisite licenses for card and account products.
Wirecard AG is listed on the Frankfurt Stock Exchange (TecDAX, ISIN DE0007472060, WDI).
Wirecard media contact:
SOURCE Wirecard AG