Germany-based global provider of digital payments and commerce solutions Wirecard announced on Monday it has extended its cooperation with Slovenian fintech company MBILLS to enable Garmin Pay as a further payment option.
According to Wirecard, MBILLS is owned mainly by Petrol, the largest energy and retail company in Slovenia with an annual turnover of €5.4 billion. Around 80% of transactions in Slovenia are still carried out in cash, meaning there is a huge market potential for mobile and digital payments. While sharing more details about the collaboration, Mag. Primož Zupan, Director of MBILLS, stated:
“By combining our mBills app with Garmin, we are able to offer customers an even broader range of devices to pay with, providing more flexibility and freedom for our customers. Wirecard’s proven expertise in enabling mobile payments not only on smartphones but also on wearables has been instrumental in our ability to introduce this new option to market.”
Boris Bongartz, Head of Sales, Digital Goods, at Wirecard, also commented:
“Mobile payments are gaining traction worldwide because of their convenience and flexibility. By enabling mBills customers to add their digital mBills card to Garmin Pay, consumers do not need their physical wallet nor their smartphone for the payment process – this is how we are further driving the use of digital payment solutions and making it even easier for Slovenian consumers to pay on the go.”
The companies went on to add that they offer a complete mobile digital payment solution. All functions – from ordering, activating and blocking the card and managing finances, to setting transaction limits or activating or blocking payments outside the European Union.