Stocard selects Moorwand for issuing and BIN sponsorship services

By Megha Bhattacharya

German FinTech Stocard has selected Moorward for issuing and BIN sponsorship services in the UK, France, Germany, Netherlands and Italy. Stocard will be leveraging Moorwand’s e-money licensed to issue its Mastercard-powered virtual debit card. Android users have access to the virtual card directly in the Stocard app through host card emulation (HCE) technology. For iOS devices, the German FinTech supports Apple Pay.

“Stocard is simplifying the management of coupons and loyalty cards for both, customers and merchants. By helping users to enjoy loyalty reward programmes more easily, Stocard is in turn helping merchants engender loyalty from their customers,” said Luc Gueriane, Chief Commercial Officer, Moorwand.

“With the creation of a frictionless customer experience through a combination of a first-class payment experience and its unique approach to merchant loyalty schemes, Stocard is taking the market by storm. We look forward to supporting the business on its trajectory of accelerated growth.”

Stocard allows consumers to manage all loyalty cards, coupons and offers from their prefered brands in one app and save money with every purchase. Recently, the FinTech announced the launch of its payment feature – Stocard Pay in four European countries of Italy, France, Germany and the Netherlands. According to the FinTech, the new feature was developed to complement the end-to-end shopping experience that the existing app offers by adding multiple bank cards to the app.

“With Moorwand we are partnering with a well established firm to support us in bringing the future of banking with Stocard Pay to our 50 million customers. The fast and uncomplicated cooperation allowed us to achieve this multinational launch in a very short time,” said Bjoern Goß, CEO and Founder, Stocard.

“As our wallets are moving to our smartphones, the digital wallet is becoming the central hub in our lives for anything around money, shopping, and banking. Together with our excellent partners we will together form a future of this through Europe’s leading mobile wallet for everyone.”