Wirecard wins DHgate as a customer for international e-commerce

Aschheim (Munich) (ots) -

- DHgate is the world's largest online wholesale marketplace
- DHgate records one transaction every 3 seconds on global e-commerce
sites
- Wirecard will provide acquiring services for DHgate's exclusive
partner Camel Financial

Wirecard, the global innovation leader in digital financial
technology, and DHgate, the world's largest online wholesale
marketplace, have entered into a partnership to enable digital
payments outside of China. DHgate is the leading Chinese B2B and B2C
e-commerce platform. Both businesses and individual consumers can buy
goods directly from factories at a lower price than retail. Wirecard
will provide acquiring services to Camel Financial, the exclusive
financial solution partner to DHgate, enabling the acceptance of a
wide range of payment methods for goods offered on the DHgate
platform.

DHgate is used by 1.6 million suppliers globally, connecting them
to more than 10 million enterprise buyers as well as 16 million
consumers from over 230 countries and territories. DHgate is
especially dedicated to serving small and medium sized retailers
globally, offering a one-stop solution for businesses seeking to
reach a global customer market. DHgate integrates the whole ecosystem
from international logistics to payment. As a result, the entry
barriers for SMEs to compete in global markets are lowered.

More than 30 million products are available on DHgate, covering a
wide range of categories, including apparel & accessories, computers
& networking, consumer electronics, toys & hobbies, health & beauty,
auto and more. DHgate records one transaction every 3 seconds. In
addition to payment services, Wirecard will also support Camel
Financial with lending and factoring services in the future.

"We are delighted about the new cooperation with Wirecard as we
always strive to meet the financial needs of e-commerce and trade
enterprise customers," said Juanita Lee, Director of Global
Partnerships at Camel Financial. "Our integration into Wirecard's
payment ecosystem and technical infrastructure will allow us to
continue exceeding the expectations of our clients, and to create a
more open and connected international trade network."

"There is tremendous potential in partnering with Camel Financial
and bringing our digital solutions to DHgate, a leading global
e-commerce platform," added Georg von Waldenfels, EVP of Group
Business Development at Wirecard. "As the leader in digital financial
technology, we are proud to offer our solutions to millions of
suppliers and merchants on the DHgate platform, and are looking
forward to jointly developing further services with Camel Financial
for DHgate as well as other Chinese and international e-commerce
sites."

About Wirecard:

Wirecard (GER:WDI) is one of the world's fastest growing digital
platforms in the area of financial commerce. We provide both business
customers and individual consumers with a constantly expanding
ecosystem of real-time value-added services built around innovative
digital payments by using an integrated B2B2C approach. This
ecosystem concentrates on the areas payment & risk, retail &
transaction banking, loyalty & couponing, data analytics & conversion
rate enhancement in all sales channels (online, mobile, ePOS).
Wirecard operates regulated financial institutions in several key
markets, holds 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 at
www.wirecard.com, follow us on Twitter @wirecard and on Facebook
@wirecardgroup.

About DHgate and Camel Financial:

DHgate is the world's largest online wholesale marketplace and the
leading B2B and B2C e-commerce platform in China. DHgate is used by
1.6 million suppliers globally, connecting them to more than 10
million enterprise buyers as well as 16 million individual consumers
from over 230 countries and territories. Camel Financial is DHgate's
exclusive financial solution partner and a cross-border fintech
company focused on digitalizing global trade. Camel Financial is
developing a more integrated supply chain eco-system by connecting
SMEs to the global market. Camel Financial provides a wide range of
fintech services, including global payments and online banking,
cross-border financing for SMEs, supply chain applications, and
digital trading needs which are embedded in four major business
units: Digital Trader, Trade Wind, Logistics IOU and DHpay. Camel
Financial is dedicated to creating a brand new ecosystem for trade
finance by offering trustworthy, open, and connectable services and
products in the international supply chain finance industry.

Wirecard media contact:

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

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