Wirecard, one of the leading payment service providers, is now working together with O2 Czech Republic to offer a unified solution to all retailers in the Czech Republic. Thanks to the new cooperation, O2 as the largest telecommunication provider in the Czech Republic will offer their merchants a product named eKasa which is a fully online, tablet based fiscal till system together with credit card payment transaction services. With this, every retailer is in the position to comply with the new government standards in a beneficial way.
“It’s a pleasure to work with Wirecard on this project to really draw an advantage for retailers out of this situation. For us, Wirecard is a reliable partner that quickly responds to innovations,” said Lubos Lukasik, Director, SMB segment and indirect sales at O2.
Within this cooperation, Wirecard will act as the acquirer that processes all payment transactions, as well as the technical service provider which enables O2 to use Wirecard’s mPOS Software Developing Kit (SDK).
Subsequently, O2 will offer its customers the solution eKasa that includes a card reader which provides merchants with secure chip and PIN mobile card acceptance. This practical alternative to fixed till systems is suitable for merchants, companies and self-employed people from all industries who are now affected by this new government directive.
Roland Toch, Managing Director at Wirecard CEE, said: “We are delighted to work with O2 on this large volume project. The new combination that includes services from both parties enables retailers to benefit from powerful payment management features as they can simply repurpose a tablet to a new checkout device. That optimizes the processes and reduces costs at the same time.”
This year, a new till system law has been implemented in the Czech Republic requiring retailers to conclude payment transactions online. Payment details are then forwarded to the national tax office where they are reviewed in order to avoid tax fraud.
O2’s advance into the payments business further demonstrates its determination to diversify beyond its roots as a pure-play telco. In May, the company’s parent Telefonica concluded a deal with German direct bank Fidor to use its technical infrastructure and banking license to create a new digital bank in the country, dubbed O2 Banking.
Source: www.wirecard.com
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