Wirecard With CIMB Bank Singapore to Provide mPOS Card Acceptance and Banking Solution for Clients of POS Solution Provider Eleos

PR64068

ASCHHEIM, Germany, Apr. 12, 2016 /PRNewswire=KYODO JBN/ --

     Expansion of the Eleos till system

    Wirecard has entered into a new partnership in the field of mobile point of

sales (mPOS) with a company from Singapore: Software till system manufacturer

Eleos Web Pte Ltd has placed its trust in the Munich-based technology and

payment provider's white label solution. The collaboration will expand Eleos'

till functionality to incorporate mobile card acceptance. Eleos will first

launch the solution in Singapore before extending it to Southeast Asia with

Wirecard providing the mPOS technology including technical integration and CIMB

Bank supporting with a slew of services and solutions including credit facility

and online banking as the acquiring bank.

    Eleos has been developing and operating automated till systems under the

name Octopus [TM] for the past 13 years. The systems are used in the retail and

dining sectors and are operated via tablet or smartphone apps. Eleos' client

base in Singapore and South-East Asia exceeds 400, and Wirecard's integrated

mobile card reader solution will now grant them the ability to fully process

orders and credit card payments. The solution is to be swiftly rolled out to

all existing and new customers who adopt the Octopus retail POS.

    Ong Whee Shiong, Managing Director at Eleos said, "As a supplier of

state-of-the-art till systems, Eleos' new tie-up with Wirecard and CIMB Bank

enhances the mobile card acceptance solution which ties in seamlessly with our

omnichannel retail solutions. In addition, our customers stand to benefit from

the simplicity of the application, as they will be able to manage their orders

and invoices using a single application from now on."

    "As we witness an increase in demand for mobile payment options, CIMB

Bank's partnership with Wirecard is a complementary alliance where we embark on

new market opportunities and identify new ways to generate value for different

stakeholders. Through this latest collaboration with Eleos, CIMB Bank will

continue to provide that quintessential one-stop payment and banking solution

to the businesses who adopt the Octopus retail POS through Eleos," said Mak Lye

Mun, CEO of CIMB Bank Singapore and Country Head of CIMB Group Singapore.

    Jeffry Ho, Managing Director at Wirecard Singapore: "Card payments are

exceptionally popular in the Asian market and mPOS solutions are drivers of

card transactions in the region. Given that Eleos already has an established

till system at its disposal, we were able to integrate our mPOS Software

Development Kit with utmost ease. We fully adapted the functionality of our

solution to the till system."

    With its mPOS platform, Wirecard offers businesses of all sizes from all

industries the opportunity to accept cashless payments via credit or debit

card. A wide range of card reader devices are available for this purpose.

Wirecard's mobile card readers are white label solutions. This means they can

be individually tailored in terms of configuration and design.

    Wirecard media contact:

    Wirecard AG

    Jana Tilz

    Tel.: +49(0)89-4424-1363

    E-Mail: jana.tilz@wirecard.com ＜end_indent＞

     About Wirecard:

    Wirecard AG is a global technology group that supports companies in

accepting electronic payments from all sales channels. As a leading independent

supplier, the Wirecard Group offers outsourcing and white label solutions for

electronic payments. A global platform bundles international payment

acceptances and methods with supplementary fraud prevention solutions. With

regard to issuing own payment instruments in the form of cards or mobile

payment solutions, the Wirecard Group provides companies with an end-to-end

infrastructure, including the requisite licences for card and account products.

Wirecard AG is listed on the Frankfurt Securities Exchange (TecDAX, ISIN

DE0007472060, WDI). For further information about Wirecard, please visit

http://www.wirecard.com or follow us on twitter @wirecard.

    Eleos media contact:

     Eleos Web

    Tel.: +65-6221-6601

    Email: markhoe@eleos.com solutions@eleos.com

     About Eleos:

    Headquartered in Singapore - with offices in Sri Lanka and Shanghai - Eleos

is an independent software vendor with a strong focus on the retail and F&B

industries. With over 400 customers in Singapore and South Asia, like Picket

And Rail, Orbis, Bikes and bites, Billabong, powermac and more, the Group is

forging ahead with its plan to establish a foothold in China. Eleos has both

boutique chain stores and strategic accounts in its customer portfolio and is

now looking to expand within China and Asia.

    http://www.eleos.com

     CIMB media contact:

Josandi Thor     

Managing Director     

Head of Brand, Marketing and Communications     

CIMB Group     

DID: +603-2261-0628 (Malaysia)

+65-6302-3885 (Singapore)     Mobile: +60-12-357-7714 (Malaysia)

+65-9022-0129 (Singapore)     Email: josandi.thor@cimb.com

Daryl Tan     

Assistant Vice President, Communications     

Group Marketing and Communications, Singapore     

DID: +65-6317-2334

Mobile: +65-9720-8466     

Email: daryl.tan@cimb.com

     About CIMB Bank Singapore

    CIMB Bank Singapore was officially established on 29 September 2009 as part

of CIMB Group's longstanding commitment to Singapore - the Group has had a

local presence since 1947 through Ban Hin Lee Bank and acquired GK Goh

Securities in 2005. CIMB Bank Singapore represents the consumer banking arm of

CIMB Group, a leading ASEAN universal bank. Strategically located in the

financial centre of ASEAN and operating on a full banking license, CIMB Bank

Singapore offers individuals, businesses and corporate clients a comprehensive

suite of financial solutions.

    CIMB Group is Malaysia's second largest financial services provider and one

of ASEAN's leading universal banking groups. It offers consumer banking,

investment banking, Islamic banking, asset management and insurance products

and services. Headquartered in Kuala Lumpur, the Group is now present in nine

out of 10 ASEAN nations (Malaysia, Indonesia, Singapore, Thailand, Cambodia,

Brunei, Vietnam, Myanmar and Laos). Beyond ASEAN, the Group has market presence

in China, Hong Kong, Bahrain, India, Sri Lanka, Taiwan, Korea, the US and UK.

    CIMB Group has the most extensive retail branch network in ASEAN of more

than 1,000 branches as at 31 December 2014. CIMB Group's investment banking arm

is also one of the largest Asia Pacific-based investment banks, offering

amongst the most comprehensive research coverage of more than 1,000 stocks in

the region.

    CIMB Group operates its business through three main brand entities, CIMB

Bank, CIMB Investment Bank and CIMB Islamic. CIMB Group is also the 97.9%

shareholder of Bank CIMB Niaga in Indonesia, and 93.7% shareholder of CIMB Thai

in Thailand.

    CIMB Group is listed on Bursa Malaysia via CIMB Group Holdings Berhad. It

had a market capitalisation of approximately RM46.3 billion as at 31 January

2015. The Group has over 40,000 employees located in 17 countries.

SOURCE: Wirecard AG