Wirecard has collaborated with Rakuten Viber and its partner NeoPay to introduce the new money transfer service, Moneytou – powered by Mastercard, for Viber users.
Viber is an instant messaging app which is said to have one billion users globally. The new peer-to-peer (P2P) payment service will allow customers to send money to each other using the app.
As part of the alliance, Wirecard will process the payment card transactions made via the Moneytou service. Libra Internet Bank has agreed to act as the local acquirer.
Wirecard noted that the transferred funds will be available in the recipient’s balance almost immediately. The funds can be used via card or withdrawn in cash.
Users will be able to link multiple cards to the Moneytou service.
The money transfer service will initially launch in Hungary, followed by a roll out across additional Eastern European markets with a target of 25 million users in the first phase.
Wirecard regional managing director Utku Ogrendil said: “Rakuten Viber messaging is extremely popular, with the service now boasting over one billion registered users worldwide. For some time, users have used the app to share photos and videos.
“The ability to also share funds was the next logical step and we are proud to be one of the launch partners for this new service. Whether wanting to split a restaurant bill, collect money for a joint wedding gift or giving a child their pocket money, it can be done by just a few clicks.”
Rakuten Viber chief revenue officer Cristina Constandache added: “By using Wirecard’s card processing expertise and technical support, we will be able to ensure a smooth, hassle-free experience for users wanting to instantly transfer funds to friends and family via Viber.”