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INTELLIGENT VERTICAL: BANKING & FINANCE
WIRECARD DIGITALISES
BANKING SERVICES FOR
REISEBANK’S BANKOMO APP
Digital banking is becoming more utilised and banks
are innovating with mobile banking apps and features.
Banks are adapting to the rate of innovation and
listening to their customers to expand the digital
banking ecosystem.
W
irecard, a digital financial
technology specialist, is
expanding its collaboration with
ReiseBank, a market leader in the field of
travel money in Germany.
The partners launched the mobile banking
app bankomo on the market in 2017. Now,
they are adding to this by enabling users to
top up their smartphone account with cash
at retail businesses, without a minimum
purchase requirement.
Wirecard and ReiseBank are providing users
with a completely digital banking ecosystem
in the form of the bankomo app. People with
high mobility stand to benefit. The account
www.intelligentcio.com
can be opened and managed within just a
few minutes via video authentication using
the intuitive app (iOS and Android). It is
linked to a prepaid Mastercard which enables
money to be transferred to other bankomo
customers (peer-to-peer) within seconds and
also supports traditional banking services,
such as SEPA transfers and direct debits, as
well as standing orders. Furthermore, cash can
be withdrawn at any of the 300 ReiseBank
cashpoints across Germany. By expanding
cash payments and withdrawals, Wirecard
is leveraging its position as ReiseBank’s
technology partner to make digital banking
even more appealing. A partner network of
around 9,000 branches across Germany is
available for cash payments. This includes
“
WIRECARD IS
LEVERAGING ITS
POSITION AS
REISEBANK’S
TECHNOLOGY
PARTNER TO
MAKE DIGITAL
BANKING EVEN
MORE APPEALING.
INTELLIGENTCIO
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