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Wirecard and Malaysia's Affin Bank Berhad expand existing collaboration to drive customer growth and retention with fully digital internet banking solution

Nachrichtenagentur: news aktuell
09.09.2019, 09:40  |  475   |   |   
Aschheim (Munich)/Kuala Lumpur (ots) -

- Since the start of their collaboration in 2017, Wirecard has
enabled AFFINBANK to roll out their "digital first" strategy by
providing mobile payment, e-commerce and point-of-sale solutions
- In addition to retail banking solutions for private customers,
Wirecard also enables banks in Asia to offer comprehensive
transaction banking services for corporate clients and is market
leader in Indonesia in this area
- Wirecard can develop and scale its flexible platform-based
ecosystem around payment and banking both internationally and

Wirecard, the global innovation leader in digital financial
technology, and Affin Bank Berhad ("AFFINBANK") today announced an
extension of their collaboration focused on revolutionizing internet
banking for consumers in Malaysia. Through this partnership, over
300,000 AFFINBANK customers are already benefitting from an array of
services such as e-commerce and mobile payment powered by Wirecard
technology. By leveraging more of Wirecard's platform, AFFINBANK is
able to launch a complete internet banking solution which will drive
customer growth and retention and boost e-banking usage.

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AFFINBANK is a financial institution listed on the Main Market of
Bursa Malaysia (KLSE: 5185) and currently has a network of 110
branches across Malaysia. The Bank provides a suite of financial
products and services tailored to both retail and corporate

Together with local banks, Wirecard is capitalizing on the strong
trend in Asia Pacific for internet banking with 77% of consumers
preferring to bank digitally, as well as local banks' preference to
outsource technology development to third party experts.

Based on the company's international expertise, Wirecard has
developed specific solutions, tailored to the needs of banks in Asia
who want to provide digital banking services to corporate or private
clients. Leveraging Wirecard technology, banks are able to offer
their corporate clients holistic transaction banking solutions such
as cash management, liquidity management and invoice payment
services. In Indonesia, Wirecard is already market leader in
corporate transaction banking software solutions with more than 50%
market share. For private clients, banks, such as AFFINBANK, can
offer the complete range of digital banking functionality from money
transfers and investment management to loans through Wirecard's
white-label software complemented with a corresponding app.

Group Chief Executive Officer of AFFINBANK, Kamarul Ariffin Mohd
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