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MyOrder, Wirecard Help Power Shared Spending Functionality for GRPPY PFM App

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Splitting a check is often the least appealing part of an evening out with friends. The GRPPY app, which uses the platform of FinovateEurope alum MyOrdertakes the hassle out of the process with its share-expense feature. Individuals can pool their money in shared balances on the app and have one person act as the administrator to spend on the group’s behalf. All members can see when funds are deposited and spent. The platform leverages iDEAL, the most popular online payment system in the Netherlands, to enable users to add funds

“MyOrder wants to make life easier for people through mobile innovations, often with a financial component,” says Gertjan Rösken, MyOrder CTO. Susanne Steidl, EVP of Wirecard, described the partnership as part of Wirecard’s evolving relationship with fintechs like MyOrder. Steidl says Wirecard wants to “support new and innovative companies to bring new mobile payment products to market.”

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MyOrder CTO Gertjan Rösken and Tamar Klein, sales manager, demonstrated MyOrder and MyOrder Sidekick at FinovateEurope 2014 in London.

Other examples of joint ventures between MyOrder and Wirecard Group include the contactless mobile cards using host card emulation (HCE) technology the two issued last summer. Wirecard EVP for Telecommunications Christian von Hammel-Bonten called MyOrder a “strong and innovative partner” and praised the company’s technology as an example of how to “flexibly and easily” add cloud-based payments to any mobile app using their HCE SDK.

Founded in 2008 and headquartered in Groningen, Netherlands, MyOrder was acquired by Rabobank in 2012. The company demonstrated its technology at FinovateEurope 2014, and that summer announced that it was teaming up with PayPal to support advanced order and payment for food and drinks at Dutch cafes and restaurants. In January, MyOrder was the first company to offer a parking app on the Apple Watch and this spring MyOrder became an option for Dutch motorists at 220 Tamoil gas stations who will be able to order and pay for their refueling in advance using their mobile device. The app also provides drivers with information about their fuel consumption and driving habits.