Wirecard integrates Chinese payment methods with the long-established German company Faber-Castell

Aschheim (Munich) (ots) -

- Tourists from China benefit from digital payment solutions in
Faber-Castell brand shops

- Wirecard records with Chinese payment methods at individual
merchants transaction volumes of up to EUR 10 million per month

Wirecard, the leading global innovation driver in digital
financial technology, together with its partner Safety Tax Free, has
won the long-established German company Faber-Castell as a customer
for the integration of Chinese payment solutions. Wirecard provides
Faber-Castell, one of the world's leading providers of writing
materials and stationery, with a fully digitalized payment approach
for some of the most popular Chinese payment methods, including
Alipay.

The partnership benefits Chinese customers, who can now pay in
Faber-Castell brand shops in Germany as if they were in their home
country, without having to exchange money. In addition, they can also
take advantage of special offers and coupons. Introducing fully
digitalized payment methods is lucrative for merchants and suppliers.
For example, Wirecard records with Chinese payment methods at
individual merchants a transaction volume of up to EUR 10 million per
month.

Faber-Castell, which was founded in 1761, is one of the oldest
industrial companies in the world and has been family-owned for nine
generations. The digital payment solution will initially be launched
in Faber-Castell's four brand shops: in Frankfurt, Düsseldorf and
Hamburg, and at the Faber-Castell castle in Stein near Nuremberg.
Thanks to Wirecard's digital solution, Chinese customers will also
benefit from higher VAT refund rates thanks to Safety Tax Free.

Chengyuan Zhai, Founder and Managing Director of Safety Tax Free,
said, "The joint solution with Wirecard accepts mobile payment
methods such as Alipay and allows shoppers from China to create
digital and fully completed refund forms with just one click. This
completely eliminates the need to fill out tax refund forms by hand
and stand in line at the airport. Customers save time and the amount
is transferred within a few days directly for example to the desired
Alipay account in the local currency - without exchange costs - which
further increases customer satisfaction."

Catharina Tiede, Head of Partner Management Consumer Goods at
Wirecard, added, "Chinese tourists are world travel champions, and
therefore the potential for Faber-Castell and other European
retailers is enormous. We are pleased to support the traditional
Faber-Castell brand in taking a step towards digitized payment by
equipping the brand shops with our innovative and practical payment
solution."

About Wirecard:

Wirecard (GER:WDI) is one of the world's fastest growing digital
platforms in the area of financial commerce. We provide both
corporate clients and consumers with a constantly expanding ecosystem
of real-time valueadded services built around innovative digital
payments by using an integrated B2B2C approach. This ecosystem
concentrates on solutions in the areas payment and risk, retail and
transaction banking, loyalty and coupon programs in addition to data
analytics and conversion rate enhancement across all sales channels
(online, mobile, ePOS). Wirecard operates regulated financial
institutions in several key markets, in addition to holding issuing
and acquiring licenses from all major payment and card networks.
Wirecard AG is listed on the Frankfurt Stock Exchange (DAX and
TecDAX, ISIN DE0007472060). Visit us on www.wirecard.com, follow us
on Twitter @wirecard and on Facebook @wirecardgroup.

About Faber-Castell:

With 2.4 billion pencils and colored pencils, Faber-Castell is the
oldest and largest manufacturer of wood-cased pencils and one of the
world's leading suppliers of high-quality products for writing,
drawing and creative design. Faber-Castell has manufacturing
facilities in nine countries, sales companies in 23 countries and
sales agencies in over 120 countries.

About Safety Tax Free:

Safety Tax Free was founded in 2016 by Chinese graduates from the
Technical University of Munich with the mission of digitalizing and
simplifying tax refund processes. We have developed a practical
mobile application that spares Chinese tourists from excessive
waiting time at the airport, bureaucracy at the point of sale and
provides a digital tax payout via smartphone. Our solution for
retailers is enhanced by mobile payment and China-targeted marketing
to reduce language and technology barriers when shopping in a foreign
environment. Our solution has already been awarded by Union Pay
International, the BayStart Up Munich Business Plan Contest 2017 and
the Chinese Tourists Welcome Award in the category of Internet and
Media and is operative in more than 2.000 partner stores.

Contact:
Media contact Wirecard:

Wirecard AG
Jana Tilz
Tel.: +49 (0) 89 4424 1363
Email: jana.tilz@wirecard.com

Media contact Faber-Castell:

Faber-Castell AG
Tel.: +49 (0)911 9965 5538
Email: press-office@faber-castell.de

Media contact Safety Tax Free:

Safety Tax Free GmbH
Sarah Buchwieser
Tel.: +49 (0) 89 1225 7317
Email: info@safetytaxfree.com

Original-Content von: Wirecard AG, übermittelt durch news aktuell