Wirecard is expanding its partnership with Mizuho Bank where the scope of the expansion includes a significant geographic extension, a collaboration on new payout products, and joint digital payment solutions.
According to the press release, Wirecard has been collaborating with Mizuho Bank since 2018, offering acquiring and issuing services for Mizuho Bank corporate clients in the Asian region. The release said: “Mizuho Bank is part of Mizuho Financial Group – one of the largest financial institutions in the world present in 38 countries and regions, and holding USD 1.8 trillion in total assets (as of March 31, 2019). Mizuho Bank has one of the largest customer bases in Japan, and boasts a global network encompassing major international business centers.”
Additionally, Wirecard and Mizuho Bank are set to collaborate in further 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. Overall, Wirecard will support Mizuho Bank with innovative and fully digital solutions, aimed especially at banking clients in the food & beverage, retail and hospitality industries.
Combined with our expertise in digital financial technology, we are confident that together we will deliver the most state-of-the-art solutions for Mizuho Bank clients.
– Laura McCracken, Global EVP Financial Institutions & Fintech, Wirecard
In the release, Kaoru Mochizuki, Head of Transaction Banking Asia Oceania, Mizuho Bank, said: “We are constantly striving to offer the most innovative financial solutions to our corporate clients, and for this reason we have chosen to expand our partnership with Wirecard.
“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,: he added.
On that note, Laura McCracken, Global EVP Financial Institutions & Fintech at Wirecard, commented: “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.”
“A leading global financial institution, Mizuho Bank works with major businesses from a variety of industries across the world. Combined with our expertise in digital financial technology, we are confident that together we will deliver the most state-of-the-art solutions for Mizuho Bank clients. We look forward to a continued successful partnership,” she closed.