Swedish payment solutions provider, Westpay, has signed an agreement with German digital payments specialists, Wirecard, for a long-term partnership to extend their digital solutions to customers across the Nordics, further Europe, and South Africa.

“With our digital platform, Wirecard is transforming digital financial services and we are very excited to deliver state-of-the-art payment solutions for all kinds of companies to strengthen online sales and unattended payments on-site especially in the Nordics,” explains Fredrik Neumann, Vice President Sales Retail at Wirecard. “The partnership with Westpay clearly supports our vision of making payments as quick and convenient as possible for end consumers globally.”

The joint offering comprises complete solutions including payment processing, acquiring, value added services such as dynamic currency conversions and data analytics, payment terminals, software and gateway services. It also includes state-of-the-art payment solutions for cashless, so-called card present, on-site transactions.

Martin Knopp, Head of Product Consulting & Project Management Sales Travel at Wirecard, added, “Travelers in Europe and South Africa will benefit in particular from seamless automated check-in and check-outs as well as dynamic currency conversions, allowing them the convenience of paying in their home currency.”

“We are very excited and honored to partner with the leading global innovation driver in the field of digital financial technology. The partnership allows us to reach new markets and will enable Oracle merchant customers and others to benefit from unified and improved payment processes, independently of country borders and markets,” says Sten Karlsson, CEO of Westpay. “By enabling fully digital payments at the point of sale, we are further improving the user experience which will lead to an even higher adoption of modern payment methods”.

Founded in 1988, Westpay provides smart transaction and payment solutions for merchant in-store as well as for e-commerce and self-service markets. The company is active in five main market areas: The Nordic countries, Europe, Africa, South- and South East Asia, and Australia.

Founded in 1999 in Germany, Wirecard is an internet technology and financial services provider. Their ecosystem concentrates on the areas payment & risk, retail & transaction banking, loyalty & couponing, data analytics & conversion rate enhancement in all sales channels (online, mobile, ePOS).

by Megha Bhattacharya
Market Analyst at IBS Intelligence