CIMB Bank and Wirecard embark on merchant acquisition business

Singapore

BUSINESSES will soon be able to enjoy a complete host of electronic payment solutions, following the partnership agreement between CIMB Bank and Wirecard.

The combined offering includes banking services - the setting up of a merchant business account and credit facility at zero interest up to 65 per cent of the credit limit - and payment solutions which support eCommerce, mCommerce, mobile and traditional point-of-sale, along with an online portal to facilitate merchants' real- time tracking of transactions across multiple sales channels, as well as risk and fraud management services.