Wirecard has signed an extension of the strategic partnership agreement with Visa aimed at developing tokenized mobile payments in Romania, according to a press release.

The partnership enables Wirecard to undertake commercialization efforts in Romania for the Visa Digital Commerce app. The Visa Digital Commerce app is a white label digital wallet helping banks and other card issuers to offer mobile contactless payment solutions along with value added services such as offering card controls, mobile location confirmation, travel and account balance notifications and a transaction history to end consumers while saving time and money developing their own applications.

Wirecard also became the first payments processor in Romania that successfully completed the certification for Visa Token Service, according to the release.

"In today's world, payments must be quick, safe, simple and omnichannel. Switching from classic cards to mobile payment occurs at a high pace, both globally and in Romania," Utku Ogrendil, managing director of Wirecard Romania, said in the release. "The VDCA solution that Visa and Wirecard offers to the Romanian market is a perfect answer to this trend and we are delighted to digitize processes together."