Wirecard, the digital financial technology company, announced Tuesday (April 16) it is expanding its partnership with O2 Czech Republic, the largest telecommunications player in the Czech market.
In a press release, the companies said more merchants will be able to use a completely integrated mobile point-of-sale (mPOS) solution that is focused on fully digitized payment options. The two companies will extend their current project in the Czech Republic under the new deal as well as enter Slovakia. The partnership will enable Wirecard and O2 to help retailers in the Czech Republic and Slovakia comply with changes in fiscal laws that are upcoming in terms of payment acceptance and processing. Wirecard said its platform enables secure acceptance and processing of digital payments. It also offers online completion of transactions that meet new compliance rules.
“The collaboration with telecommunications companies is a key driver of our business in Central Eastern Europe,” Wirecard CEE Managing Director Roland Toch said in the press release. “The expansion of our partnership with O2 is a testimony to the value we have brought to many thousands of merchants in the Czech Republic so far by allowing them to quickly and easily capitalize on the countless benefits digitalization has brought to large and small businesses alike.”
The Wirecard and O2 offering is made up of an online, tablet-based till system and an mPOS terminal, enabling 02 to process payments on site and on the road. The hardware is integrated with Wirecard's financial commerce platform.
“Thanks to Wirecard, we have been able to provide many companies with O2 eKasa, a flexible, mobile solution for payment processing with which they can accept digital payments both on-site and on the road, while benefitting from improved efficiency and compliance,” said Bohumír Šaffek, Senior Manager eKasa at O2 Czech Republic in the press release. “Together, we are proud to be at the forefront of digital transformation in the Czech Republic and Slovakia.”