Sprint and Wirecard drive new innovation in IoT and Unified Commerce to deliver the Internet of Payments

Sprint and Wirecard drive new innovation in IoT and Unified Commerce to deliver the Internet of Payments
08.01.2020 10:56 am

Sprint and Wirecard drive new innovation in IoT and Unified Commerce to deliver the Internet of Payments

Payments

Wirecard, the global innovation leader for digital financial technology, and Sprint (NYSE: S), a leading US communications services company, today announced a new relationship that will integrate Wirecard’s unified commerce solutions into Sprint’s Curiosity™ Internet of Things (IoT) platform to deliver the “Internet of Payments”. The announcement was made at CES 2020. The two companies, brought together by SoftBank Investment Advisers, are collaborating to embed payment capabilities in IoT deployments, bringing added value to enterprise clients on a global scale.

Sprint’s Curiosity™ IoT platform represents a new standard in how enterprises manage and secure IoT devices and connectivity. The platform combines Curiosity™ Core, the first dedicated, distributed and virtualized IoT network, with Curiosity™ OS, an integrated IoT operating system, to bring networks to data collection sites and enable the future of commerce.

Worldwide IoT market revenue reached USD 212 billion in 2019, with worldwide expenditure projected to reach USD 1 trillion by 2022. Total worldwide IoT connected devices are projected to reach 75.44 billion by 2025, a fivefold increase from 2015.

Wirecard unified commerce solutions drive the digital transformation of retail by delivering a seamless payment experience across channels and beyond borders. Sprint is integrating these capabilities into Curiosity™ IoT, and the companies are jointly exploring opportunities across various market segments, as part of a broader collaboration.

Sprint and Wirecard will initially focus on the retail segment, in which they are working to define and deliver the retail experience of the future, across all channels, with a unified commerce approach. The joint capabilities enable merchants to meet current and future customer expectations with an intelligent, connected buying experience.

“We’re pleased to integrate Wirecard solutions into our robust IoT platform,” said Ivo Rook, Senior Vice President, IoT & Product Development for Sprint. “This opens up many commercial opportunities, and also delivers an unparalleled commerce solution for our global clients and their customers. As IoT becomes even more central to how enterprises run, we look forward to identifying new opportunities and use cases for these technologies.”

“Collaborating with Sprint is a tremendous opportunity to expand our collective reach and capabilities, plus meet a growing demand for commerce without barriers,” said Georg von Waldenfels, EVP Group Business Development at Wirecard. “Adding Wirecard unified commerce solutions to Sprint’s game-changing IoT technology is a significant step toward developing the shopping experience of the future and we look forward to all the possibilities this cooperation offers us.” 

Related News

EBANX and Visa Expand Strategic Partnership in Brazil

EBANX and Visa announce the extension of a strategic partnership, sealed by the Participation Agreement in the Money Transfer Merchant Program... Read more »

Computop and Raiffeisen Bank International to Support Omnichannel Payments in Eastern Europe

Computop, a leading global payment processor, and Raiffeisen Bank International (RBI), which specialises in cashless payments in Central and... Read more »

Mobey Forum Launches Payments Expert Group

Mobey Forum, the global industry association empowering banks and financial institutions (... Read more »

P20 Joins Forces With UK National Cyber Security Centre, New York City Office of Financial Empowerment, Federal Reserve Bank of Atlanta and More to Address Urgent Need for Secure Payments

●      The fourth P20 Global Payments Conference will take place on September 29 and 30 and will address the critical issue of ‘How to deliver secure payments for all’. ... Read more »

Paymentology Partners with Sokin to Expand its Cloud-Based Payment Solutions

Cloud-native payment processor Paymentology has partnered with Sokin, the new generation payments firm, to enhance and extend the services... Read more »

Paysend Grows by 80%, Accelerating the Switch to E-money

UK-based global FinTech business Paysend today announced record growth figures after it was revealed last week that the Royal Mint will be discontinuing... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel