Wirecard Cooperates with O2 to Provide Mobile Point-of-Sale Solutions in the Czech Republic

Wirecard Cooperates with O2 to Provide Mobile Point-of-Sale Solutions in the Czech Republic
05.08.2016 08:15 am

Wirecard Cooperates with O2 to Provide Mobile Point-of-Sale Solutions in the Czech Republic

Payments , Infrastructure

Wirecard, one of the leading payment service providers, is now working together with O2 Czech Republic to offer a unified solution to all retailers in the Czech Republic. Thanks to the new cooperation, O2 as the largest telecommunication provider in the Czech Republic will offer their merchants a product named eKasa which is a fully online, tablet based fiscal till system together with credit card payment transaction services. With this, every retailer is in the position to comply with the new government standards in a beneficial way.

“It’s a pleasure to work with Wirecard on this project to really draw an advantage for retailers out of this situation. For us, Wirecard is a reliable partner that quickly responds to innovations,” said Lubos Lukasik, Director, SMB segment and indirect sales at O2.

Within this cooperation, Wirecard will act as the acquirer that processes all payment transactions, as well as the technical service provider which enables O2 to use Wirecard’s mPOS Software Developing Kit (SDK). Subsequently, O2 will offer its customers the solution eKasa that includes a card reader which provides merchants with secure chip and PIN mobile card acceptance. This practical alternative to fixed till systems is suitable for merchants, companies and self-employed people from all industries who are now affected by this new government directive.

Roland Toch, Managing Director at Wirecard CEE, said: “We are delighted to work with O2 on this large volume project. The new combination that includes services from both parties enables retailers to benefit from powerful payment management features as they can simply repurpose a tablet to a new checkout device. That optimizes the processes and reduces costs at the same time.”

This year, a new till system law has been implemented in the Czech Republic requiring retailers to conclude payment transactions online. Payment details are then forwarded to the national tax office where they are reviewed in order to avoid tax fraud. 

Related News

Mastercard enables Contactless limit raise across 29 countries; and champions permanent increase

Today Mastercard announced its commitment to enabling the increase in contactless payment limits across... Read more »

TransUnion Research Quantifies How Social Distancing is Changing Shopping Patterns

TransUnion (NYSE: TRU) today released new research that quantifies the spike in digital commerce since social distancing became widespread globally. The company found a 23%... Read more »

Wirecard expands presence in Mexico

Wirecard, the global innovation leader for digital financial technology, and Banca Afirme, a Mexican financial institution with a nationwide presence, are collaborating to... Read more »

Barclaycard to enable UK retailers to accept new £45 Contactless Limit

Barclaycard, which sees nearly half of the nation’s credit and debit card transactions, will be rolling out the deployment of the new £45 contactless limit across UK retailers... Read more »

Digital Payments in Europe to Surpass $802bn Transaction Value This Year

The increasing number of mobile phone users and the massive growth of eCommerce have led to the rapid adoption of digital payments all over the world. Cashless payments have... Read more »

SumUp launches free Mobile Payments and Invoicing across Europe to help consumers pay safely and remotely via smartphone

As Europe moves into COVID-19 lockdown - affecting small businesses and retailers everywhere - SumUp, the London-headquartered fintech and leading provider of digital payments... 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