Wirecard and Verifone Partner to Bring Complementary Payment Services and Solutions to Fast-Growing Indonesian Market
June 21 2016 - 7:00PM
Business Wire
Agreement combines Wirecard software and
Verifone devices
PT Prima Vista Solusi, Wirecard subsidiary, to
collaborate with Verifone in Indonesia
Wirecard AG and Verifone (NYSE: PAY) have entered into a
strategic alliance to rapidly expand the point-of-sale market in
Asia Pacific beginning with Indonesia. As the world’s fourth most
populous country, Indonesia is considered one of the largest and
fastest growing markets for payment solutions according to
analysts.
This Smart News Release features multimedia.
View the full release here:
http://www.businesswire.com/news/home/20160621006534/en/
The five-year strategic alliance brings together the technology
portfolio and geographic strengths of both companies through
in-country companies like Wirecard’s PT Prima Vista Solusi and
locally established Verifone teams, to enable financial
institutions, retailers and various industry verticals to benefit
from best-of-breed payment solutions.
“Working as a strategic development partner to Verifone,
Wirecard will provide software platforms for payment acceptance and
processing that run on Verifone terminals, as well as in-depth
market expertise, said Rudy Khowara, managing director of Wirecard
Global Point-Of-Sales. “Furthermore, unique segment-specific
features will be created through collaboration with our extended
ecosystem of clients and partners.”
Though Indonesia is largely a cash-dominated society, the
payment cards market is developing significantly with payments card
transaction volume increasing by about 124 percent in 2015 as
compared to 2010 according to the Lafferty Group.
“We are delighted to partner with Wirecard to spur the growth of
new payment solutions and electronic commerce in Indonesia, where
we are establishing a local team and permanent presence,” said
Steve Aliferis, president of Verifone Asia Pacific. “With Wirecard
as our preferred partner, we are working to offer banks and
merchants access to the best technology solutions available and
drive payment acceptance of all forms across diverse
environments.”
Through their respective subsidiaries in Asia, PT Prima Vista
Solusi and Verifone Systems International, the two companies will
collaborate to deliver a complete suite of payment commerce
services. Wirecard will provide software platforms for payment
acceptance and processing as well as in-depth market expertise.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995 for VeriFone Systems, Inc.
This press release includes certain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. These statements are based on management's current
expectations or beliefs and on currently available competitive,
financial and economic data and are subject to uncertainty and
changes in circumstances. Actual results may vary materially from
those expressed or implied by the forward-looking statements herein
due to changes in economic, business, competitive, technological
and/or regulatory factors, and other risks and uncertainties
affecting the operation of the business of VeriFone Systems, Inc.,
including many factors beyond our control. These risks and
uncertainties include, but are not limited to, those associated
with: successful collaboration with Wirecard to spur the growth of
payment solutions in Indonesia, execution of our strategic plan and
business initiatives and whether the expected benefits of our plan
and initiatives are achieved, short product cycles and rapidly
changing technologies, our ability to maintain competitive
leadership position with respect to our payment solution offerings,
our assumptions, judgments and estimates regarding the impact on
our business of the continued uncertainty in the global economic
environment and financial markets, our ability to successfully
integrate acquired businesses into our business and operations, our
ability to protect against fraud, the status of our relationship
with and condition of third parties such as our contract
manufacturers, distributors and key suppliers upon whom we rely in
the conduct of our business, our dependence on a limited number of
customers, the conduct of our business and operations
internationally, our ability to effectively hedge our exposure to
foreign currency exchange rate fluctuations, and our dependence on
a limited number of key employees. For a further list and
description of the risks and uncertainties affecting the operations
of our business, see our filings with the Securities and Exchange
Commission, including our annual report on Form 10-K and our
quarterly reports on Form 10-Q. The forward-looking statements
speak only as of the date such statements are made. Verifone is
under no obligation to, and expressly disclaims any obligation to,
update or alter its forward-looking statements, whether as a result
of new information, future events, changes in assumptions or
otherwise.
About Wirecard
Wirecard AG is a global technology group that supports companies
in accepting electronic payments from all sales channels. As a
leading independent supplier, the Wirecard Group offers outsourcing
and white label solutions for electronic payments. A global
platform bundles international payment acceptances and methods with
supplementary fraud prevention solutions. With regard 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
Securities Exchange (TecDAX, ISIN DE0007472060, WDI). For further
information about Wirecard, please visit www.wirecard.com or follow
us on twitter @wirecard.
About Verifone
Verifone is transforming everyday transactions into
opportunities for connected commerce. We’re connecting payment
devices to the cloud, merging the online and in-store shopping
experience and creating the next generation of digital engagement
between merchants and consumers. We are built on a 30-year history
of uncompromised security with approximately 29 million devices and
terminals deployed worldwide. Our people are known as trusted
experts who work with our clients and partners, helping to solve
their most complex payments challenges. We have clients and
partners in more than 150 countries, including the world’s
best-known retail brands, financial institutions and payment
providers.
Verifone.com | (NYSE: PAY) | @verifone
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160621006534/en/
Wirecard Media Contact:Wirecard AGJana Tilz, +49 (0) 89
4424 1363jana.tilz@wirecard.comorVerifone Indonesia Media
Contact:FleishmanHillard JakartaStephen Warouw, +618111571707,
62818194563Stephen.warouw@fleishman.comorVerifone Corporate
Media Contact:VerifoneKwiyoung Baumgarten,
+1-770-754-3460Kwiyoung.baumgarten@verifone.com
Paymentus (NYSE:PAY)
Historical Stock Chart
From Mar 2024 to Apr 2024
Paymentus (NYSE:PAY)
Historical Stock Chart
From Apr 2023 to Apr 2024