Wirecard is set to integrate VocaLink’s ‘Pay by Bank’ app into its mobile payment solution, Boon, which enables consumers to use their NFC-enabled smartphones to tap and pay in store.
Furthermore, Wirecard will add Pay by Bank app into its UK online merchant acquiring suite of alternative payment options to help merchants benefit from the secure and fully digital payment option.
As a result of the latest collaboration, Boon is the first mobile payment method that can be uploaded through mobile banking, which creates a fully digital mobile-only solution funded by a digital-debit-like payment, without the need for a traditional credit or debit card.
Rajiv Garodia, managing director, Zapp and international business at VocaLink, said: “I’m thrilled Wirecard and VocaLink have come together to better serve millions of UK consumers, boon customers and Wirecard’s online merchants in the UK.
“The combination of Wirecard and Pay by Bank app will give consumers an easy and natural way to pay from their banking app with the added security of not having to share their personal details.”
Recently, VocaLink announced that Barclays, Bank of Scotland, Halifax, HSBC and Lloyds Bank have agreed to introduce Pay by Bank app.