Wirecard is expanding its partnership with Mizuho Bank. The scope includes a significant geographic extension, a collaboration on new payout products, and joint digital payment solutions.
Wirecard, a global innovation leader for digital financial technology, and Mizuho Bank announced that they are collaborating in more geographies within Asia-Pacific, including Australia, Malaysia, New Zealand, and the Philippines. Globally, the collaboration will also extend to Europe and the United States.
To complement Mizuho Bank’s service offering, a corporate payout solution is also being planned. «With Wirecard, we will develop our corporate product offering and further digitalize our services on an international scale. We are excited to continue working together with Wirecard and develop our partnership,» said Kaoru Mochizuki, head of Transaction Banking Asia Oceania, Mizuho Bank.
Renewed Collaboration
Overall, Wirecard will support Mizuho Bank with innovative and fully digital solutions, aimed especially at banking clients in the food and beverage, retail and hospitality industries.
Wirecard has been collaborating with Mizuho Bank since 2018. The fintech firm provides card acquiring and issuing services for Mizuho Bank corporate clients in the Asian region. Mizuho Bank is part of Mizuho Financial Group, one of the largest financial institutions in the world present in 38 countries and regions, and holds $1.8 trillion in total assets (as of March 31, 2019).
«Since 2018, Mizuho Bank has leveraged on Wirecard’s wide range of payment acceptance and issuing solutions for their Asian corporate client base, and we are proud to expand this cooperation on a global scale,» added Laura McCracken, global EVP Financial Institutions & Fintech, Wirecard.
