Digital Payments

New Wirecard App Offers Full Gamut Of Financial Services

Wirecard Launches Mobile Payment App

Payment company Wirecard is introducing a new service called boon Planet, a mobile payment app, the company said in a release.

With boon Planet, customers can transfer funds, open accounts, make contactless payments with smart devices and access real-time transaction overviews. The app is entering a pilot phase with only a few hundred accounts, and will launch completely in October.

“In the first phase, several hundred accounts will test the solution. The full launch will take place from October this year,” Wirecard said. “Starting with Germany, all existing boon payment users will then have the opportunity to add banking to their existing boon account. New customers will also be able to register directly for both services, which are available separately as well.”

Wirecard plans to expand the app to include more features in the future, like insurance for phones and a loyalty component.

“With boon Planet, users have access to the entire diversity of everyday digital financial handling with just one app: Whether opening an account in just a few minutes, gaining a complete overview of all finances (Personal Finance Management) and making contactless payments via a smart device or card – boon Planet combines it all,” the company said.

Wirecard added that boon Planet is the first app of its kind to have integrated payment and banking in one place.

“In addition to the fully digital and comprehensive bank account, users will be able to make SEPA transfers to third parties. They will also be able to use a physical debit Mastercard in combination with their app. In future, value-added services such as innovative loyalty solutions and other digital financial services such as mobile insurance will be added,” the company said. “For example, products that users buy with boon could be insured at the same time.”

Claudia Kaub, the head of consumer solutions at Wirecard, said she is excited about the launch.

“We are very pleased to start the pilot phase of boon Planet. As the name suggests, in the future we will offer all our users the whole world of digital payment and banking,” she said. “Once again, we are demonstrating our pioneering spirit and offering consumers everything from a single source. With boon Planet, we will set new standards so that our users no longer have to leave the app for their everyday finances.”

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