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Wirecard teams up with Brightstar


The German fintech company, global provider of digital payments and commerce solutions, has signed a memorandum of understanding with Softbank's Brightstar on Monday.

The company anticipates significant transaction volume out of the deal

Stocks impacted: Wirecard (WDIG), Softbank (9984)

Under the agreement, digital financial services via a Brightstar platform will be handled by Wirecard as the preferred payment service provider. Together, the companies expect a number of new solutions to the mobile services market globally, with Wirecard anticipates significant transaction volume out of the deal. As a reminder, last week, Wirecard announced it has formed a partnership with European airliner SunExpress to process credit card payments in local travel agencies.

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