Financial technology specialists Wirecard has announced a new partnership with Sprint as part of a collaboration that seeks to deliver the ‘Internet of Payments’.
In partnering with the US communications services company, Wirecard’s unified commerce solutions will be integrated into Sprint’s Curiosity Internet of Things (IoT) platform to deliver.
The announcement was made at CES 2020. The two companies, brought together by SoftBank Investment Advisers, are collaborating to embed payment capabilities in IoT deployments, bringing added value to enterprise clients on a global scale.
Ivo Rook, Senior Vice President, IoT & Product Development for Sprint commented: “We’re pleased to integrate Wirecard solutions into our robust IoT platform.
This opens up many commercial opportunities, and also delivers an unparalleled commerce solution for our global clients and their customers. As IoT becomes even more central to how enterprises run, we look forward to identifying new opportunities and use cases for these technologies.”
Sprint’s Curiosity IoT platform aims to set a new standard in how enterprises manage and secure IoT devices and connectivity. The platform combines Curiosity Core, the first dedicated, distributed and virtualized IoT network, with Curiosity OS, an integrated IoT operating system, to bring networks to data collection sites and enable the future of commerce.
Georg von Waldenfels, EVP Group Business Development at Wirecard added on the partnership: “Collaborating with Sprint is a tremendous opportunity to expand our collective reach and capabilities, plus meet a growing demand for commerce without barriers.
“Adding Wirecard unified commerce solutions to Sprint’s game-changing IoT technology is a significant step toward developing the shopping experience of the future and we look forward to all the possibilities this cooperation offers us.”
Worldwide IoT market revenue reached USD 212 billion in 2019, with worldwide expenditure projected to reach USD 1 trillion by 2022. Total worldwide IoT connected devices are projected to reach 75.44 billion by 2025, a fivefold increase from 2015.
