Wirecard AG / Key word(s): Alliance

14.08.2012 / 08:30

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Bonn/Aschheim (Munich) August 14, 2012; Deutsche Telekom is now working with technology and financial services provider Wirecard AG to implement its payment strategy.
As part of this strategic partnership, Wirecard will put in place the technical processes for issuing the Telekom MasterCard and support Deutsche Telekom in processing payments. 'In Wirecard, we have found the best partner for card management and technical processing, taking the next step in creating an ecosystem for anything to do with mobile payment. With the technical implementation of online, store-based and mobile payment in the safe and experienced hands of specialist Wirecard, we can concentrate on our core business,' explains Peter Vesco, Senior Vice President, Business Unit Payment at Deutsche Telekom.

The partnership does not only provide the technical basis for the payment card, which will be launched on the German market at the end of the year, but also covers the planned launch of Deutsche Telekom's Mobile Wallet in 2013.

'We are delighted that Deutsche Telekom has opted for a long-term partnership with us. As a technical services provider, we are in an ideal position to provide the necessary processes, such as real-time card creation, payment processing and other additional services for mobile payment,' says CEO Markus Braun at Wirecard, and continues: 'As an innovative solution provider for the telecommunications industry, we offer a wide range of mobile payment services, including classic and contactless cards, NFC stickers, and real-time provision of virtual cards for NFC-compatible smartphones.'

Media contacts:

Wirecard AG
Iris Stöckl 
Tel.: +49 (0)89-4424-1424
e-Mail: iris.stoeckl@wirecard.com
http://www.wirecard.com

Deutsche Telekom AG
Corporate Communications
Tel.: +49 (0) 228 181 - 49491
E-mail: media@telekom.de

Media representatives can find further information at www.telekom.com/media and www.telekom.com/photos

http://twitter.com/deutschetelekom

About Deutsche Telekom 
Deutsche Telekom is one of the world's leading integrated telecommunications companies with more than 129 million mobile customers, almost 34 million fixed-network lines and 17 million broadband lines (as of March 31, 2012). The Group provides fixed-network, mobile communications, Internet and IPTV products and services for consumers, and ICT solutions for business and corporate customers. Deutsche Telekom is present in around 50 countries and has over 235,000 employees worldwide. The Group generated revenue of EUR 58.7 billion in the 2011 financial year - over half of it outside Germany (as of December 31, 2011).

About Wirecard
Wirecard AG is one of the leading international providers of electronic payment and risk management solutions. Worldwide, the Wirecard Group supports over 13,000 companies from a wide range of industry segments in automating their payment processes and minimizing cases of default. Wirecard Bank AG is a Principal Member of Visa, MasterCard and JCB and operates as a credit card acquirer in 69 countries around the world, involving over 100 transaction currencies and 18 payout currencies. Part of the Wirecard Group, Wirecard Bank provides innovative solutions in the fields of corporate banking, prepaid and co-branded cards, along with account products for both business and private customers. Wirecard AG is listed on the Frankfurt Securities Exchange (TecDAX, ISIN DE0007472060, WDI).
www.wirecard.com

End of Corporate News

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Language: English Company: Wirecard AG Einsteinring 35 85609 Aschheim b. München Germany Phone: +49 (0)89-4424 1400 Fax: +49 (0)89-4424 1500 E-mail: ir@wirecard.com Internet: www.wirecard.com ISIN: DE0007472060 WKN: 747206 Indices: TecDAX, Prime All Share, Technology All Share Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart  

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