Sprint, Wirecard announce IoT collaboration focused on retail payments
In an effort to allow businesses to offer a variety of payment options in the enterprise space, Sprint Corp. is integrating Germany-based Wirecard AG's unified commerce payments technology into the Sprint Curiosity Internet of Things platform, according to a company press release.
The companies will initially focus on the retail segment, offering a payments platform that can operate across various platforms and across borders.
"Collaborating with Sprint is a tremendous opportunity to expand our collective reach and capabilities, plus meet a growing demand for commerce without barriers," Georg von Waldenfels, executive vice president of group business development at Wirecard, said in the release. "Adding Wirecard unified commerce solutions to Sprint's game-changing IoT technology is a significant step towards developing the shopping experience of the future and we look forward to the possibilities this cooperation offers us."
Ivo Rook, senior vice president, IoT & product development at Sprint, said the collaboration will open numerous commercial opportunities for both countries.
"As IoT becomes even more central to how enterprises run, we look forward to identifying new opportunities and use cases for these technologies," he said in the release. "The growing Internet of things will lead to new and innovative transactions, like directly between devices, and this collaboration will power such use cases."