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Wirecard is partnering up with another fintech innovator

Aschheim, Germany (ots) – Wirecard, the leading global innovation driver for digital financial technology, is partnering with Retailtech Hub, a digital innovation platform initiated by MediaMarktSaturn and the global plug-and-play startup ecosystem.

Retailtech Hub connects start-ups, retailers, well-known brands, suppliers and investors with the goal of driving forward-looking innovations in retail technology. The trading partners include market leaders such as Lidl and s.Oliver.

Founded in 2017, Retailtech Hub focuses on identifying innovative ideas and transferring them through pilot projects to the world of commerce. The mission is to facilitate an open exchange of experiences between business partners and to support start-ups in a mentoring program to drive their development and growth. The initiative focuses on all topics along the retail and retail value chain.

The focus of the cooperation is the digital transformation in global trade. Through partnerships and collaborations, Retailtech Hub ensures that retailers and their partners optimize their core strategies for the challenges of digital transformation. Payment and financial products, as well as cash flow-based data analysis, play a key role here.

“One of Wirecard’s core goals is to drive innovation and shape the future of trading around financial transactions. The cooperation with MediaMarktSaturn and Plug and Play offers us exciting approaches to establish new business models and to develop innovative technologies. The goal is to always provide growth impulses in the worldwide portfolio of the Wirecard platform, “says Jörn Leogrande, EVP Wirecard Labs.

“At a time when payment traffic is so important to customers, we are pleased to welcome Wirecard as a new partner. Our goal is to change the world of trading with the best startups and digital affine companies. As a global innovation leader in digital financial technology, Wirecard is a perfect match for us. We are curious to see how Wirecard will be at the side of exciting new companies and technologies, “adds Thorsten Marquardt, Managing Director of Retailtech Hubs.

About Wirecard:

Wirecard (GER: WDI) is one of the world’s fastest-growing digital platforms for financial commerce. We offer both business customers and consumers a growing ecosystem of real-time value-added services around innovative digital payments through an integrated B2B2C approach.

This ecosystem focuses on Payment & Risk, Retail & Transaction Banking, Loyalty & Couponing, Data Analytics & Conversion Rate Enhancement solutions across all distribution channels (Online, Mobile, ePOS). Wirecard operates regulated financial institutions in several key markets and holds licenses from all major payment and card networks.

About Retailtech Hub:

The Retailtech Hub is an innovation platform that brings together retailers, brands and selected start-ups to test and introduce new technologies and digital business models.

It is made possible by the MediaMarktSaturn retail group in cooperation with the Silicon Valley Plug and Play Tech Center and partners such as the Schwarz Group (parent company of Lidl and Kaufland), the property management company Aachener Grundvermögen, the s.Oliver Group, Albert Heijn BV, the ANWR group and now Wirecard.

Core elements are a three-month mentoring program with a special focus on business development and concrete pilot projects. In addition, the Retailtech Hub is a network for open communication between trading companies and their suppliers.

Also published on Medium.

Published inFintech

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