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February 25, 2019

Wirecard offers Apple Pay support for mobile payment firm Twisto

Czech mobile payment provider Twisto has collaborated with payment service provider Wirecard to offer Apple Pay to its users.

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In order to make a payment, users have to add their digital Twisto Mastercard to Apple Pay.

Twisto CEO Michal Smida said: “We are proud to be the only Czech Apple Pay payment provider which is not connected to a specific bank.

“This makes us very competitive nationally and internationally and enables us to offer consumers a unique shopping and payment experience, regardless of who they bank with.”

Twisto, with operations in the Czech Republic and Poland, facilitates instant purchases and invoice settlement through a mobile photo scan.

Supported by Wirecard, Twisto intends to expand into other European markets.

Twisto users can make payments with Apple Pay through Touch ID or Face ID.

Instead of storing the actual card numbers on the device or its server, Apply Pay allots a unique device account number.

The number is encrypted and then stored on the mobile. Transactions on the platform are authenticated with a one-time unique dynamic security code.

Wirecard vice president sales financial institutions and fintech Europe Julian Weste said: “The Czech Republic is another market in which we can offer a combination of a mobile payment app with the convenience of Apple Pay.

“Our goal is to continue the digitisation of payment processes in Europe.”

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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