Wirecard to Provide Payment App to Telco Firm Drillisch

Wirecard, a German white-label electronic payment provider, will offer its "boon"-branded mobile payment app to Drillisch, a German telecommunications provider.

Drillisch plans to launch the app for its over two million customers this summer, marketing it through its etelon AG and yourfone GmbH subsidiaries. Financial terms of the deal were not disclosed.

Wirecard's other recent deals include partnerships with Indonesia's Bank Mega and Croatian software firm Five by Five, as well as releasing a wristband for wireless payments in January. The German vendor also released a development kit last month for its payment-enabled wristband.

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