Westpay has formed a long-term alliance with Wirecard to expand digital payments capabilities of merchants in the Nordics, further Europe and South Africa.
The tie-up will facilitate the launch of complete digital POS and mPOS solutions.
The aim is to promote payment digitalisation. According to Westpay, 80% to 85% of transactions across the globe are currently made using cash.
The focus of the new partnership will be on digital payment solutions for hospitality and retail sector clients.
Westpay CEO Sten Karlsson said: “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.
“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.”
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Together, the firms will support payment processing, acquiring, as well as value added services including dynamic currency conversions and data analytics, payment terminals, software and gateway services.
Wirecard head of product consulting and project management sales travel Martin Knopp said: “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.”