Wirecard is providing the E-Money and license as well as the technical platform needed to manage the Orange Cash mobile payment application in Spain. Users of Orange Cash can now make mobile payments at any contactless Visa terminal in more than 530,000 stores across Spain and at 2.4 million acceptance points throughout Europe.
All that is required is an NFC-enabled smartphone with the app and an NFC-SIM card.
Wirecard Group is responsible for the design, implementation and processing of all technical and financial processes related to the payment app Orange Cash. This includes the issuing and payment processing of digital Visa cards. Wirecard Card Solutions Ltd., a member of Visa Europe, is the card issuing institution. All functions of Orange Cash are combined in an intuitive smartphone application developed by Wirecard.
The app provides an outstanding usability and design combined with innovative functions like incentives and cashback offers and real-time information about balance and transactions. To complete the concept, the prepaid-based accounts are able to make purchases securely in any online shop using a one-time virtual credit card generated in real-time through the mobile application. These one-time cards are valid for a short period of 24 hours at only one merchant.
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