Payment innovation specialists Wirecard has launched an initiative to support businesses of all sizes and industries: Together with Futur/io, which will increase assistance for merchants of all sizes. 

The firm said that the aim of the initiative is to bundle the offerings of all major tech companies in Germany and make them more easily accessible to merchants affected by COVID-19.

The initiative will include discounted or free use of digital payment solutions and a rapid product integration. Part of the offering includes use of the Pay-by-Link solution at no cost, which enables every merchant to receive digital payments in real time, even without an online shop.

Jörn Leogrande, Executive Vice President Innovation Labs and Value Added Services at Wirecard, commented: “We are calling on leading companies to actively participate in our ‘Innovation for Now’ initiative Now, more than ever, it is important that we act together, and combine and share our knowledge.”

Stefan Schoepfel, Vice President SAP Services, added: “We welcome this joint initiative by Futur/io and Wirecard. SAP is pleased to contribute with the aim of helping businesses better master the challenges COVID-19 presents. Our offer is aimed at businesses of all sizes, and is available to both current and new customers.”

In addition, Wirecard will offer merchants who rely on face-to-face interactions the use of a Smart POS terminal. The state of the art terminal is powered by the Android operating system, and enables end-customers to make secure and contactless payments. Wirecard will provide merchants with the Smart POS terminal free of charge for the first six months.

Via the online platform InnovationForNow, companies can exchange information, gather a greater understanding about assistance packages and collectively find ways to innovatively adapt their business models to the COVID-19 crisis. 

The platform is part of the initiative under the same name, which was launched together with Futur/io. Under the motto Helping people help themselves, other companies are invited to follow the initiative and share their COVID-19 offerings. SAP is already a partner.