Etisalat and Wirecard Present Future of Mobile Payments at Mobile World Congress

   Etisalat and Wirecard Present Future of Mobile Payments at Mobile World
                                   Congress

  PR Newswire

  MUNICH and ABU DHABI, UAE, February 19, 2013

MUNICH and ABU DHABI, UAE, February 19, 2013 /PRNewswire/ --

  *Contactless payments via Near Field Communication (NFC) technology
  *Smartphones used as payment terminals for credit card acceptance

Etisalat, the largest tele-communications operator in the Middle East and
Africa, and Wirecard, a global leader in payment innovations, will present a
range of mobile payment solutions at the Mobile Word Congress 2013 in
Barcelona.

One solution to be shown at the event is a fast and efficient method of making
payments that utilises Wirecard`s Payment Processing platform and a Near Field
Communication (NFC) interface to make contactless payments via Smartphone,
leveraging MasterCard ^® PayPass™ technology.

In another solution, Etisalat enables its customers to accept credit card
payments with mobile card readers that plug directly into mobile phones.

Etisalat is a multinational telecommunications organization with operations in
fifteen countries in the Middle East, Africa and Asia, including some markets
with a low penetration of credit card terminals, such as Nigeria, Egypt and
Afghanistan.

"We are proud to join Etisalat in presenting the future of mobile payments at
the Mobile World Congress," said Christian von Hammel-Bonten, Executive Vice
President of telecommunications at Wirecard. "The next years will be a
transformative period in the payments industry with mobile operators emerging
as major forces in the payments space."

Khalifa Alforah, Chief Digital Service Officer at the Etisalat Group said:
"Etisalat is committed to harnessing the power of mobile connectivity through
innovation to develop services that change people's lives for the better.
Etisalat's commitment solutions that enable people, businesses and governments
to take charge of their future will, in turn, lead to accelerated social and
economic development."

In the near future all, NFC-enabled smartphones sold by Etisalat will come
with a NFC-enabled SIM card. Existing customers will be able to update their
cards in stores. Etisalat is aiming to extend its future mobile wallet service
beyond payments to include couponing and loyalty solutions.

Visit  Etisalat and  Wirecard at the Mobile World Congress in  Barcelona 
(25 - 28 February 2013)  at  booth CS OV-2, Hall 2, 2B110 or 7 F 03.

About Etisalat:

Etisalat is a leading telecommunications corporation catering to consumers,
businesses, international telecommunication companies, ISPs, content providers
and mobile operators. Headquartered in Abu Dhabi, UAE, Etisalat is the largest
operator in the Middle East and Africa regions with a market value in excess
of AED 80 billion (US$20 billion) and annual revenues of approximately AED 30
billion (US$8 billion). Etisalat has one of the highest credit ratings for a
telecommunications corporation in America, The Middle East and Africa and is
the second highest rated telecom company globally on the Fitch rating scale
and fourth highest on S&P and Moodys' rating. Etisalat operates in 18
countries across Asia, the Middle East and Africa, a coverage area which
reaches more than two billion people. To date, the group's global subscriber
base exceeds over 140 million subscribers through mobile and Landline voice
and data services.

http://www.etisalat.ae

About Wirecard:

Wirecard AG is one of the leading international providers of electronic
payment and risk management solutions. Worldwide, the Wirecard Group supports
over 13,000 companies from various industry segments in their efforts to
automate their payment processes and minimize cases of default. Wirecard Bank
AG is a Principal Member of Visa, MasterCard and JCB and operates as a credit
card acquirer in 69 countries around the world, involving over 100 transaction
currencies and 18 payout currencies. Part of the Wirecard Group, Wirecard Bank
provides innovative solutions in the fields of corporate banking, prepaid and
co-branded cards, along with account products for both business and private
customers. Wirecard AG is listed on the Frankfurt Securities Exchange (TecDAX,
ISIN DE0007472060, WDI).

http://www.wirecard.com | http://www.wirecardbank.com |
http://www.mywirecard.com

Wirecard Media Contact: Wirecard AGMaren Brandt Einsteinring 35 D-85609
Aschheim / MunichGermany Ph.: +49(0)89-4424-1425 Fax: +49(0)89-4424-2425
e-mail: maren.brandt@wirecard.com Etisalat Media Contact: E: sking@etisalat.ae
T: +971-502205118 L: +9712-618-2173 F: +9712-632-4223
 
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