COMMUNIQUÉ: Wirecard boon will be expanded with innovative value-added services
Wirecard, the specialist in digital financial technologies, will expand its own boon mobile payment application with innovative features: since November of this year, boon users can not only receive microcredits in real time – all iOS boon users also have the option to use the virtual credit card, which is based on the application, to pay in online stores. A new peer-to-peer transaction function will also be available as an additional value-added service.
To date, boon has been purely a paid application, but is now being converted into a mobile application that combines a variety of banking and payment services. For example, in the future an innovative and intelligent rating process will allow verification of the creditworthiness of the users in a matter of seconds to provide immediate flexible discoveries. This means that users can pay at any time with their boon application, since the amount of the approved loan is added directly to the prepaid boon account. The added value service will be offered in Spain starting in November and will be completed in all other countries where boon will be available later.
In addition, boon users can start and close the online payment function comfortably in the application. After starting the function, the credit card is immediately ready to use. The credit card number is copied into the application and can be added through the user’s smartphone to the respective online store where a payment must be made. Using Digital Mastercard does not incur additional charges for the user. So far, this feature is now available for Android users.
The new peer-to-peer transaction feature will also be available to all boon users early next year, so boon users can send quantities to each other in real time.
Georg von Waldenfels, Executive Vice President of Consumer Solutions at Wirecard: “As already announced, boon is continuously expanding with new services to make this mobile payment solution even more appealing to our users.” By adding micro-credits to boon, We can allow users to conveniently secure short-term financing to complete a purchase.For us, it is important to provide the microcredit without delay and ensure transparency regarding loan terms.We also expect extended availability of the prepaid credit card virtual boon – users will have more flexibility and will be able to use boon in the point of sale, as well as in electronic commerce for payment Peer transactions complete the offer, with this boon becomes a universal application in everyday life. “
boon is the only fully digitized mobile payment solution in the European market that is completely independent of any bank. Since 2015, Boon has been successfully released in stages as an Android application in Germany, Austria, Spain, Belgium, the Netherlands and Ireland, while another version is also available for use with Apple Pay in the UK, France, Ireland, Switzerland, Italy and Spain.