Wirecard has announced a renewed expansion of its mobile payment app boon and added a person-to-person function, according to a press release.

"Boon has become an ecosystem for all our users' financial needs," Georg von Waldenfels, executive vice president consumer solutions at Wirecard, said in the release. "These include mobile payments at the POS with real-time payment overview, online payments with a digital credit card, instant microloans as well as P2P transfers."

Wirecard claims boon is the only fully digitalized mobile payment product that operates independently of banks on the European market. After being launched in 2015, the app is now available in Belgium, Germany, Ireland, the Netherlands, Austria and Spain on Android devices, while iOS users in the U.K., France, Italy, Ireland, Switzerland and Spain can also access the app via Apple Pay.