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."
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
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."
