NEWS
Apple Pay
coming
to boon’s
customers
in Germany
Germany’s 5G future
threatened if mobile concerns
are ignored
W
irecard, a global innovation leader in
digital financial technology, brings its
German boon customers Apple Pay, which
is transforming mobile payments with an
easy, secure and private way to pay that’s
fast and convenient. Wirecard consequently
drives forward the digitisation of payments
to approach new consumers. As of now, the
iOS boon app is available at the App Store
to users of iOS devices in Germany. Which
makes it possible for everybody to use Apple
Pay instantly. Users can top up their boon
account using any Mastercard or Visa credit
card and via bank transfer. As a result, it is
not necessary to already own a credit card
from a bank supported by Apple Pay.
Security and privacy are at the core of Apple
Pay. When you use the boon card information
with Apple Pay, the actual card numbers are
not stored on the device, nor on Apple servers.
Instead, a unique device account number
is assigned, encrypted and securely stored
in the Secure Element on your device. Each
transaction is authorised with a one-time
unique dynamic security code.
Georg von Waldenfels, Executive Vice
President Consumer Solutions at Wirecard,
said: “We welcome the launch of Apple
Pay in Germany. We are delighted to now
offer boon via Apple Pay to all owners of an
Apple device. Together with Apple Pay, we
are further enhancing the user experience
for consumers and thus advancing the
digitisation of payment processes globally.”
Apple Pay is easy to set up and users will
continue to receive all of the rewards and
benefits offered by credit and debit cards.
T
he GSMA, representing the interests
of mobile operators worldwide, has
raised concerns that the proposed terms
of the upcoming 5G spectrum award
in Germany from the Federal Network
Agency contains unreasonable and
unrealistic license conditions that pose a
substantial risk to the rollout of ultra-fast
5G networks across the country. While
the GSMA has welcomed the German
government’s decision to release the
entire 3.4 to 3.8 GHz band (C-Band),
essential for the future development of
5G services globally, the conditions on
the allocation of these vital frequencies
jeopardise Germany’s 5G deployment.
“The mobile industry is essential to
delivering on Germany’s vision for 5G
8
INTELLIGENTCIO
leadership. We are alarmed that – despite
real and substantial concerns raised
by the mobile industry on the original
proposals – the proposed terms make
the situation worse by doubling down
on unrealistic conditions that puts
Germany’s 5G future at risk,” said Mats
Granryd, Director General, GSMA.
“Operators in Germany have invested
billions in the country’s networks and
have proven through history that
they are committed to investing and
providing innovative services.
“German consumers and businesses
will be the ones to lose out from
unreasonable obligations that make
investment in 5G rollout uneconomical.”
www.intelligentcio.com