Munich-based e-commerce technology provider Wirecard has integrated Bluetooth Low Energy (BLE) technology into its mobile wallet platform for wireless payments.

Known as Bluetooth BLE Smart Payment, the new technology will be the third contactless payment standard to be supported by Wirecard’s mobile solutions. The other two standards include NFC and QR code.

BLE, which offers innovative, location-based services using micro transmitters ("beacons"), can be used to transfer the data at distances of up to 10m.

The new technology is compatible with Apple, Google and Windows smartphone operating systems, according to the payment company.

Wirecard CEO, Markus Braun, said, "Wirecard has become a leader in Europe for mobile payment because it reacts quickly and flexibly to new technologies.

"Bluetooth low energy will set a new standard for vouchers, loyalty and payment."

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By GlobalData

Leveraging BLE, the Wirecard Mobile Wallet directly communicates with the point-of-sale (POS) system, which allows it to provide a range of services that add value for customers in the fields of loyalty, vouchers and personalised offers.

The project is being implemented in conjunction with its partners Deutsche Telekom and Orderbird, which is a company that offers cashier systems for restaurants.