Germany-based global provider of digital payments and commerce solutions Wirecard recently announced it has formed a cooperation agreement with BASF Digital Farming GmbH, Münster, Germany, to provide digital payment services for the company’s latest farming solution.
According to Wirecard, xarvio Field Manager of BASF is a commercial digital product to optimize crop production. To receive field-specific timing and dosing of agricultural inputs, farmers will now use Wirecard’s payment ecosystem to process Visa and Mastercard payments worldwide. Wirecard will also provide a customized end-to-end solution created for xarvio digital products, which will facilitate subscription payments for users worldwide, and offer a secure, transparent and efficient payment processing service. Speaking about the agreement, Andre-Georg Girg, Global Head Commercial Operations Digital Farming at BASF, stated:
“Our xarvio digital products solutions use technology to support better decision making and to improve the efficiency of crop production, resulting in both short and long term benefits for farmers’ income, the quality of their crops and the environment. As the international scope of our solution required a global partner to provide real-time, secure payment services, we are very pleased to partner with Wirecard. Their one-stop solution fulfills our expectations and can meet the needs of our customers.”
Brigitte Häuser-Axtner, Executive Vice President, Sales Digital & Telecommunications at Wirecard, went on to add:
“Developing this tailor-made solution for xarvio shows the adaptability of our financial services ecosystem. We look forward to the success of our partnership in this valuable and fast-growing industry, and to furthering our cooperation with BASF.”