Topic: Acquiring

Sydney, 20 December, 2016: Today Wirecard AG and Cuscal announced they will be working together to allow Wirecard’s proprietary omni-channel payment processing platform to receive credit and debit card transactions in Australia.

Wirecard is a global technology group that supports companies to accept electronic payments from all sales channels. The partnership with Cuscal will allow it to offer Australian merchants its efficient method of online payment processing. Wirecard’s solution can be adapted to meet the individual requirements of each merchant, improving conversion rates at the point of check out.

Grigoriy Kuznetsov, Executive Vice President Global Financial Services at Wirecard, said:

We are delighted to expand our cooperation with Cuscal. This enables us to extend our global merchant acquiring solutions to one of the most important payment markets in the world and ensure that our customers can enjoy consistent service and seamless access to payment options worldwide.

Acting General Manager, Product & Service at Cuscal, Colin Sultana said:

We’re really pleased to be supporting Wirecard in Australia. We’re all about using our expertise and scale to help existing companies grow as well as to support new companies to enter the market. By working with companies like Wirecard we’re driving competition in payments, increasing innovation and giving businesses greater choice which will ultimately benefit everyone.

Wirecard is one of many new companies moving into the Australian payments acceptance market, creating further disruption in the payments industry overall. Most are being drawn here by the allure of large and steady revenue streams and a population ready and willing to embrace new payment technology.

Media contact
Jake Waddell jwaddell@cuscal.com.au 0417 312 902

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Sydney, 8 March 2016: Square today announced that it would be selling its point of sale solution in Australia, its 4th market after the USA, Canada and Japan.

Cuscal has been assisting Square every step of the way on its Australian journey and Cuscal Managing Director, Craig Kennedy, said of the news:

“We’re very pleased for Ben and the team at Square and delighted that the Square Reader is now on sale in Australia. It will make it possible for anyone in Australia to accept card payments by turning their smart phone into a POS device. We think thousands of new Australian merchants will start accepting non-cash payments who previously thought it was too expensive or too difficult. At Cuscal we’ve always supported offering Australians increased choice in the way they pay for things – it increases competition, keeps prices down and levels the playing field.”

Speaking about the partnership with Cuscal, Ben Pfisterer, Australian Country Manager, Square said:

“Square is excited to work with the team at Cuscal, who demonstrate the same commitment to innovation and small business that Square does. Our entry to Australia is strengthened by our partnership with Cuscal which is a world class end-to-end payments leader with over 40 years’ experience in the local market.”

For more information about Square go to https://squareup.com/au

Media contact
Jake Waddell jwaddell@cuscal.com.au 0417 312 902