CIMB Bank Singapore has partnered with Wirecard, a German-based provider of electronic payment transactions, to deliver a complete merchant solution to businesses in Singapore.
The partnership is aimed at providing a suite of banking and electronic payment services that meet the diverse needs of merchants.
Go deeper with GlobalData
Under the agreement, Wirecard will provide a fully customizable payment platform that supports eCommerce, mCommerce, mobile and Point-of-Sale for businesses.
In addition, Wirecard will also offer an online portal to facilitate merchants’ real-time tracking of transactions across multiple sales channels, as well as risk and fraud management services.
The collaboration will allow businesses in Singapore to access a myriad of products and services from the set up of a merchant account to an integrated card payment acceptance platform, including the mobile POS technology.
CIMB Bank Singapore country head and CEO Mak Lye Mun said: "The collaboration with a leading financial technology company like Wirecard allows CIMB Bank Singapore to move beyond the conventional operating model of leveraging only our internal infrastructure and capabilities to offer transaction payment solutions to our business banking clients."
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataWirecard COO Jan Marsalek said: "We believe that our joint value proposition will drive uptake of electronic payment acceptance amongst the small and medium enterprises."
