Wirecard, a Germany-based global provider of digital payments and commerce solutions, announced on Tuesday it has expanded its existing strategic cooperation with Mastercard to promote contactless wearable payments. The duo is cooperating among others with Garmin Pay and Wirecard reported that its services will be available in Germany through the payment service.
“Garmin Pay customers can now benefit from smartwatch-based payments with boon in Germany and six further European countries independent of their bank, as they are owners of a digital boon Mastercard. boon is the quickest growing mobile payment solution in Europe and since 2015 the industry’s first fully digitized mobile payment solution to operate independently of banks. Currently, Garmin Pay functions with the GPS multisport smartwatches vívoactive 3 and vívoactive 3 Music, the GPS fitness watches Forerunner 645 and Forerunner 645 Music in addition to the fēnix 5 Plus series.”
While sharing more details about the expansion, Arne Pache, Vice President Digital Payments & Labs at Mastercard, stated:
“The point of sale (POS) is being more strongly affected by evolving innovations than ever before. Customers expect sleek payment processes without delays at the till. As visionary companies, Mastercard and Wirecard recognize this trend. We have joined forces in order to actively shape the future of contactless, digital payments and are delighted to today announce our expanded collaboration with Garmin Pay.”
Georg von Waldenfels, Executive Vice President Consumer Solutions at Wirecard, went on to add
“Over the next five to ten years, payment processes at the POS will undergo a digital revolution. As leaders of innovation for digital financial technology, we are excited about the expansion of our strategic cooperation with Mastercard and today’s launch with Garmin Pay in Germany. boon users can now utilize their digital boon Mastercards on their favorite smart devices on the move, for example while out jogging or doing any other kind of exercise – it has never been so easy to make payments while maintaining your fitness regimes at the same time. Our intention is to offer these added values to as many consumers as possible.”