Since lately, Wirecard Group, with its Singapore subsidiary Trans Infotech Pte. Ltd., cooperates with Vietnam Export Import Commercial Joint Stock Bank (Eximbank) in the field of mobile payment via innovative mPOS terminals.
The new service to accept card transactions via smartphones or tablets is called "Eximbank's mPOS". It enables small and medium-sized enterprises to offer MasterCard, Visa or JCB card payments - anytime and anywhere. As one of the world's leading independent providers of white label solutions for electronic payment transactions, Wirecard manages the complete mPOS-lifecycle. The service includes card readers for magstripe and EMV-chip, an application with transaction overview, the complete terminal management as well as the operation of the mPOS payment gateway.
Eximbank, headquartered in Ho Chi Minh City (Vietnam), has a nationwide network. Its new product Eximbank's mPOS targets various companies with high mobility such as insurance agents, collection service upon delivery, power or water companies, taxis, fast food restaurants.
"We can take advantage of synergy effects from selling the entire bandwidth of the Wirecard Group's services to form a unique end-to-end infrastructure for the whole mPOS-ecosystem, including payment processing, banking services and hardware handling" says Freddy Chong, Managing Director with Trans Infotech Pte. Ltd.