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Wirecard to handle card payments for a & P grocery store chains

FILE PHOTO: The head office of Wirecard AG, which is an independent provider of outsourcing and white label solutions for electronic payment transactions, is shown in Aschheim near Munich, Germany, April 25, 2019 at the latest. REUTERS/Michael Dalder/File Photo

FRANKFURT (Reuters) – Wirecard, the German payments company, said on Friday it had signed an agreement with the supermarket chains ALDI Nord and ALDI Süd, due to the processing of card payments in all of their stores throughout the country.

The two retailers, which was founded by the brothers Karl and Theo Albrecht, after the second world War, and will get it today, your own 10,000 stores in 20 countries, with a total turnover estimated at € 50 billion ($56 billion).

The possibility of extending the co-operation is considered to be the two companies said in a joint statement.

This is one of the biggest deals for a Wirecard, which last year was included in the DAX index of Germany’s blue-chip stocks, and acts as an acquirer on behalf of merchants and an issuer of the real and the virtual, pre-paid cards to the users.

The munich-based Wirecard said on Thursday it was in the car dealing platform AUTO1 Group to provide digital financial services to consumers, is the first to deal with a company backed by SoftBank Group, since it was in an alliance with the Japanese investor, earlier this year.

Reporting by Douglas Busvine; Editing by Michelle Martin

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