[ad_1]
PHOTO FILE: The headquarters of Wirecard AG, an independent provider of outsourcing and white label solutions for electronic payment transactions, is located in Aschheim, near Munich, Germany, on April 25, 2019. REUTERS / Michael Dalder
BERLIN (Reuters) – Wirecard has signed a memorandum of understanding with Brightstar and plans a "significant transaction volume," the German fintech said on Monday.
Under the agreement, digital financial services via a Brightstar platform should be managed by Wirecard as a preferred payment service provider, said Wirecard.
Both companies are proactively exploring opportunities for cooperation, he said.
The company said its strategic partner, SoftBank, had introduced it to its Brightstar US unit, which provides wireless telecommunications solutions for logistics and supply chain management.
"Together, we plan to bring a variety of new solutions to the global mobile market and expect significant transaction volume from this deal," Wirecard said in a statement.
(This story corrects the Reuters instrument code for SoftBank, paragraph 1)
Report by Tassilo Hummel; edited by Jason Neely
[ad_2]
Source link