- Wirecardenables digital payments through the Mobile Wallet mBills, a mobile payment solution from Petrol, the largest energy and retail company in Slovenia
- More than half a million participants in Petrol’s Loyalty Program will be offered the Mobile Wallet mBills to benefit from cashless and concise payments
Wirecard, the global innovation leader in digital financial technology, together with Slovenian fintech MBILLS, today announced an innovative extension for the mobile wallet app mBills. The company MBILLS is owned mainly by Petrol, the largest energy and retail company in Slovenia with an annual turnover of EUR 4 billion and half a million participants in the loyalty program, who are offered the new app solution. Users of the mBills app can make payments on-site at almost 50 million points of sale worldwide and online, using their debit card which is issued by Wirecard and connected to their mobile wallet on their smartphone.
There is a large potential for digital and mobile payment in Slovenia where 80% of payments are still made in cash. In addition, according to a survey by the Juniper Research Institute, global spending on mobile wallets in 2017 was already estimated at USD 1.35 trillion – an increase of 32% from the previous year. Thanks to the success of mobile wallets, the acceptance of digital payments is continuously increasing.
Mag. Primož Zupan, Director of MBILLS, comments: “Our services have positioned mobile wallets in Slovenia as competitive cash solutions more quickly than expected. In the long run, however, they will only be used by the general public if they offer real added value. The MBILLS and Wirecard solution combines the best of both worlds: The advantages of a debit Mastercard with a smart, digital solution on your smartphone.”
Boris Bongartz, Head of Sales Digital Goods at Wirecard, adds: “The new payment function is important in the mBills mobile wallet ecosystem – and is a core competency of Wirecard. The Mobile Wallet solution from MBILLS and Wirecard offers its users much more and thus makes an important contribution to inspiring users for digital payment solutions. We are delighted to be able to support MBILLS and by this Petrol in digitizing payment processes.”
Wirecard and MBILLS offer a complete mobile digital payment solution. Initial samples and app store reviews in Slovenia show that this solution is highly valued for its user-friendly interface and ease of use. The new Mobile Wallet solution – including the mBills debit Mastercard – is already available to all Android and iOS users.
From the payment of monthly bills to payments at the point of sale and peer-to-peer transfers to the payment of online purchases and the management of loyalty cards: with mBills, the smartphone is becoming the central interface for general financial management. All functions – from ordering, activating and blocking the card and managing finances, to setting transaction limits or activating or blocking payments outside the European Union – are mobile and available worldwide anytime. A list of all expenses and the associated cost control and budgeting for the user are also included in the functionality. After each transaction, a notification is sent to the user’s smartphone free of charge. The mBills Mastercard can be conveniently applied for in the app and is linked to the user’s own mBills account.
