- Raiffeisen Bank International is the second largest bank in Austria and serves the Central and Eastern European region in 13 countries to date
- Wirecard and Raiffeisen Bank International provide digital payment solutions for local markets
- Eastern Europe has great potential for cashless payments and is a key region to achieve full European coverage
ASCHHEIM, Germany, Feb. 19, 2020 /PRNewswire/ -- Wirecard, the global innovation leader for digital financial technology, and Raiffeisen Bank International (RBI) today announced an extensive cooperation in the area of financial services. Within the terms of the agreement, the two companies are jointly offering merchants in a total of 13 Central and Eastern European countries a complete range of financial services via the Wirecard Financial Commerce platform.
In non-EU countries, such as Ukraine or Serbia, RBI takes on the role of the acquirer and processes payments via the Wirecard platform. Merchants also gain easy access to the entire portfolio of payment services the Wirecard platform offers. The integration of these services into their business is therefore quick and easy.
"With RBI, we have a strong partner at our side for further expansion into Eastern European markets. This enables us to take advantage of the great potential in this region, where 50 percent of transactions are still carried out with cash. Initial projects are already being implemented, and we are looking forward to connecting even more merchants to our platform," said Roland Toch, Managing Director Central and Eastern Europe at Wirecard.
"Thanks to our cooperation with Wirecard, merchants can not only improve their digital payment processes, but also optimize the entire customer experience thanks to the wide scope of services the Wirecard platform offers. Together, we offer everything merchants need, namely payment acceptance in combination with technical expertise and comprehensive financial services," added Andrii Stepanenko, Member of the Management Board and responsible for Retail Banking at RBI.
Wirecard (GER:WDI) is one of the world's fastest growing digital platforms in the area of financial commerce. We provide both business customers and consumers with a constantly expanding ecosystem of real-time value-added services built around innovative digital payments by using an integrated B2B2C approach. This ecosystem concentrates on the areas payment & risk, retail & transaction banking, loyalty & couponing, data analytics & conversion rate enhancement in all sales channels (online, mobile, ePOS). Wirecard operates regulated financial institutions in several key markets and holds issuing and acquiring licenses from all major payment and card networks. Wirecard AG is listed on the Frankfurt Stock Exchange (DAX and TecDAX, ISIN DE0007472060). Visit us on www.wirecard.com, follow us on Twitter @wirecard and on Facebook @wirecard.
About Raiffeisen Bank International:
Raiffeisen Bank International AG (RBI) regards Austria, where it is a leading corporate and investment bank, as well as Central and Eastern Europe (CEE) as its home market. 13 markets of the region are covered by subsidiary banks. Additionally, the group comprises numerous other financial service providers, for instance in the fields of leasing, asset management, as well as M&A. To support its business activities, RBI operates representative offices and service branches at selected Asian and Western European locations. Around 47,000 employees service 16.5 million customers through 2,100 business outlets, the by far largest part thereof in CEE. RBI's shares have been listed on the Vienna Stock Exchange since 2005.
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Raiffeisen Bank International AG