Wirecard, the global innovation leader in digital financial technology, is working with Oney to implement Well.com, a unique and innovative mobile application in Romania, which allows biometric authentication payment by fingerprint. „Consumers will be able to pay with the app in over 30 Auchan stores throughout Romania. A future expansion is planned to offer it as a payment method in Hungary, Poland and Ukraine and at other merchants.”, according to the press release.
Well.com allows users to pay with their fingerprint or QR code in an extremely secure, fast and convenient way. Wirecard integrates the wallet in the mobile app, enables card registration and activation via 3D Secure and also processes the fingerprint and QR transactions.
The mobile app is currently available for both Android and iOS, along with any Mastercard or Visa debit or credit card issued in Romania, and can be downloaded via the respective app stores, as well as from the site www.well-com.ro.
“Wirecard stands for innovation and is always offering the latest and most innovative solutions to customers and partners, both in Romania and globally. We are very excited to be part of the cutting-edge Well.com solution, alongside Oney and Auchan Retail Romania, in order to offer merchants and consumers a new and secure way to enjoy the shopping experience, positioning Romania alongside the most innovative global markets,” said Utku Ogrendil, Managing Director Romania at Wirecard.
“Payment methods are continuously improving and we would like Romanian customers to experience the latest technologies. One step in doing so is Well.com, an innovative solution that leverages the expertise of Wirecard in the area of digital payments. Throughout this year, we are looking forward to developing new functionalities, that will further improve the shopping experience in Romania and beyond,” said Jean-Michel Goncalves, Director General, Oney Romania.
Oney is the banking and financial arm of Auchan Retail Romania which has annual turnovers of over 1.2 billion euros.
„Though Libra has met with fierce resistance from central banks and supervisory authorities and might never see the light of day, in many other cases tech firms (both start-ups and established big players) have successfully captured bits and pieces of universal banks’ traditional value chain. This trend may only intensify in the coming years. In this environment, European banks remain squeezed.”