SINGAPORE (June 29): Wirecard appears in lots of place in Singapore which is being encouraged to go cashless. When you pay with your contactless credit card and the retailer gives you a slip to confirm your purchase, oftentimes the company’s name is printed at the bottom of the slip. Users of Fitbit and Garmin can use their watches for contactless payments because of partnerships with Wirecard.

For car owners who eschewed the stored value in-vehicle unit or IU card, there is MotorPay, a joint LTA-DBS Bank partnership with Wirecard. Whenever a motorist incurs an ERP fee, it is billed to their credit card — most likely issued by DBS.

At the back end, Wirecard provides a complete system management facility that includes user management, reporting of ERP transactions, risk management, settlement and reconciliation services in addition to payment processing solutions. At the same time, Wirecard manages the front-end service of MotorPay’s website and its user registration services, which allow motorists to perform specific functions online, such as registering for a MotorPay account and accessing ERP transaction histories.

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