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Wirecard and Xolo Offer Seamless Banking for Freelancers on a Global Scale Within the "Gig Economy"

- Wirecard digital banking and card issuing services present an attractive business banking and payment solution for Xolo users - The combined offering enables a practical and efficient way to manage banking, payments tax and compliance activity - The global gig economy market is valued at $204 billion with annual growth of 17%ASCHHEIM, Germany, March 2, 2020 /PRNewswire/ -- Wirecard, the global innovation leader for digital financial technology, is cooperating with Xolo, formerly LeapIN, the online platform for launching and running micro-businesses anywhere in the world, to offer fully digital seamless banking for entrepreneurs. The new partnership will enable Xolo, supported by Wirecard's digital banking services, to revamp and enhance the banking and accounting aspect of its current platform. The companies are collaborating within the so-called "gig economy" which refers to digital platforms that allow independent freelancers to connect with individuals or businesses for short-term services or asset-sharing. This market was valued at $204 billion in 2018 with compound annual growth rate of 17%.Over 30,000 so-called solopreneurs have already signed up with Xolo. Xolo offers users a holistic business platform that provides incorporation, taxation, banking and accounting services, enabling them to set up and operate a hassle-free virtual business from anywhere in the world. Leveraging on Wirecard's banking license, Xolo users can virtually open a business bank account within 48 hours, receive a Wirecard-issued debit card, and be able to effectively manage their banking, tax and compliance activity via a unified Xolo operation center.
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