Blockchain Developer TON Labs, FinTech Firm Wirecard Forge Strategic Partnership

Blockchain, News | April 19, 2019 By:

FinTech firm Wirecard has partnered with TON Labs to develop a joint digital financial services, payments and banking platform.

Wirecard provides both business customers and consumers with an ecosystem of real-time value-added services built around innovative digital payments by using an integrated business-to-business-to-consumer (B2B2C) approach. This ecosystem concentrates on payment & risk, retail & transaction banking, loyalty & couponing, data analytics & conversion rate enhancement in all sales channels (online, mobile, ePOS).

TON Labs is an infrastructure and ecosystem developer for the Telegram Open Network (TON) decentralized platform, which raised almost $2 billion in two rounds of private funding last year. It provides technology, expertise and experience in the development of scalable decentralized solutions. It also offers new generation technologies for payments, banking and other financial services as well as core blockchain infrastructure for projects to join, contribute and benefit from the TON platform and its vast user base.

The partnership will see Wirecard combine its extensive experience in developing new, innovative digital financial services with TON Labs’ cutting edge infrastructure solutions to develop new products and services within TON’s and Telegram’s vast, globally growing ecosystem.

“TON Labs’ immense experience in highly scalable technology and decentralized solutions as well as the strong global growth of Telegram messenger will be instrumental for the success of our joint program,” said Georg von Waldenfels, Executive Vice President, Group Business Development at Wirecard.

Alexander Filatov, Managing Partner at TON Labs, said that the addition of TON Blockchain to Telegram’s growing ecosystem is opening new opportunities for business and technological innovation.

“We are excited to partner with one of the world’s most dynamic and innovative financial technology companies to bring synergetic new generation fintech solutions to the market,” Filatov said.