International

Wirecard Profit Surges Amid US Expansion Talk

German payments solutions provider Wirecard reported a nearly 32 percent increase in transaction volume as a result of its strong organic growth in fiscal year 2015.

In a press release on Thursday (April 7), the company also announced plans to continue its international expansion with an eye on the U.S. market.

“We are very much still focusing on the U.S,” Wirecard CEO Markus Braun told investors on a conference call, Reuters reported.

“I definitely can say, in the next 12 to 16 months, I am expecting a strong move,” he added in reference to the plans for expansion.

According to the company’s annual report, Wirecard has found success in deploying new products, such as mobile wallets, a mPOS solution mobile card reader and mobile payment apps, through its distribution partners across global markets.

“We are achieving sustainable growth through the geographical expansion and networking of our business and our payment innovations,” Braun said in the statement.

Wirecard confirmed it will continue to pursue acquisition opportunities in order to facilitate growth in its target markets, including online transactions in Europe and the dynamic development of global business in Asia.

Just last week, the company announced the expansion of its mPOS products to include another payment tablet.

This specific tablet is developed by AEVI International GmbH, a subsidiary of Wincor Nixdorf, and will implement AEVI’s payment terminal “Albert” and support this in the form of payment and acquiring services.

The Albert payment terminal is a multifunctional payment tablet based on the Android platform, which features an integrated card reader and receipt printer — along with a feature to encrypt touchscreen PIN entry. It can also manage physical and digital card payments that align with PCI standards. This includes chip-and-PIN and swipe-and-sign, as well as contactless payments using NFC tech.

These terminals also use Bluetooth Low Energy (BLE) technology, 3G and Wi-Fi. This allows businesses to download the pre-installed B2B apps in the new AEVI marketplace. Retailers can also use this app to centralize their back-office needs.

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