Connected Vehicle

Wirecard and CarGo Collaborate on Seamless Payment Solutions

Wirecard, a global internet technology and financial services provider headquartered in Munich, is cooperating with CarGo Technologies, a provider of on-demand rides and courier delivery services, for seamless payment solutions. The goal is to team up for all in-app payments for the ride hailing platform in Belgrade, Vienna and Zurich where CarGo Technologies is present, and as a payment partner for the company’s expansion.

Recognized by Forbes as one of the top 10 disruptive companies in 2019, CarGo Technologies plans to expand across Europe. The company allows users to book a ride through app and enter their desired destination. The next available driver confirms the ride, and with a simple pre-payment function powered by Wirecard, the user can enjoy the ride with no need to exchange cash or scan their card. CarGo Technologies has over 800,000 registered users and more than 4,000 partners to provide roadside services.

MaaS (Mobility-as-a-Service) solutions, such as platforms where users can book public and private transportation services without the need of a personal vehicle, are entering the market on a global scale. As a result, Wirecard sees “Commerce on the Move” as a new megatrend that is now more relevant than ever. According to Statista, the mobility services market in Europe is expected to surpass EUR 400 billion by 2030. The collaboration supports this Wirecard’s megatrend.

“As we continue to expand across Europe, we are seeking a solid and experienced partner that could not only meet the payment needs of our customers but support us in our long-term growth,” commented Vuk Guberinic, Founder and CEO of CarGo Technologies. “We are pleased to have found such a partner in Wirecard.”

“We are excited to collaborate with CarGo Technologies and provide a seamless payment experience for each and every one of their customers,” added Evangelina Mihajlovic, Lead Manager Strategic Alliances at Wirecard. “Similar to Wirecard, CarGo Technologies is a company with a clear vision and we look forward to cooperating on innovative and forward-thinking projects in the areas of smart mobility and geolocation services.”

Source: Press Release, Wirecard

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