Wirecard set out to further develop the innovation culture across the company by uniting team members globally through the Wirecard Innovation Challenge. The challenge was centered around three main objectives: Create the next big thing in payments, improve the customer experience and promote cross-organizational cooperation.
Within 90 days of the innovation challenge finale, Wirecard built and tested an MVP with 10 existing clients. Upon presenting market validation to top-level executives, Wirecard established a new business unit and granted the team 400,000 EUR in funding. The new service will soon be available to retailers and consumers.