Wirecard, a Germany-based payment technology company, has collaborated with Twisto to offer contactless payments through credit cards and wristbands at the points of sale (POS) in the Czech Republic.

Twisto’s new contactless payment solution ‘Twisto Card’ will be linked to the mobile app to give customers up to 45-day interest free credit for their payments.

The app also offers instant payment notifications and automatic transaction categorization, and allows to block card directly from the app or save money with integrated cashback offers.

The issuance of the cards and wristbands will be carried out by Wirecard as it is the official partner for Twisto.

Twisto has previously introduced ‘buy now, pay later solution’ and now the firm intends to expand its contactless payments solution for physical retail.

Twisto CEO Michal Smida said: “At Twisto, we are on a mission to provide simple and fair daily financing solutions for the online generation. After our success with online credit offering, we will now be able to provide instant credit everywhere and serve even greater customer audience.

“Wirecard’s expertise as well as its extensive experience in various mobile payment projects demonstrates that our new partner is uniquely positioned to support us with best issuing solutions and state-of-the-art technology.”

Since it launch in 2013, Twisto has served over 200,000 customers.