Wirecard and XBN announce global strategic partnership for international e-commerce

Aschheim (Munich) (ots) -

- XBN is a leading e-commerce platform offering comprehensive
cross-border trade services in China, covering 45 countries and
regions
- With more than 200,000 registered suppliers and 600,000 SKUs, in
2018 XBN's trading volume exceeded $6 billion
- XBN will leverage its Global Sales and Trade Operating System, its
sourcing and logistics capabilities to offer trade and financial
services jointly with Wirecard
- Wirecard will provide global digital payment acceptance services -
- Wirecard will leverage its SmartShop Network in India to further
support XBN's expansion

Wirecard, the global innovation leader in digital financial
technology, and XBN, one of the fastest growing e-commerce platforms
in China for placing consumer goods made in China on global
e-commerce sites, have entered into a partnership to enable digital
payments outside of China.

XBN is on a rapid global expansion with a trading volume of more
than $6 billion in 2018, and covering 45 countries and regional
markets. Both businesses and individual consumers can buy goods
directly from global partners of XBN, which are directly sourced from
high-quality Chinese manufacturers. Wirecard will provide global
digital payment acceptance services to XBN, but will also support
XBN's expansion in India with its nationwide SmartShop agent retail
network.

With its strong information technologies and big data capabilities
incorporated into its Global Sales and Trading Operating Platform,
XBN has helped thousands of Chinese suppliers reinvent their global
trading businesses. With XBN, suppliers are able to trade globally,
transparently, with the best customer exposure, pricing, stocking and
logistics options, all in an integrated IT platform. All of these
have helped XBN's suppliers grow their businesses and attract
significantly more customers globally. With Wirecard's global
approach, XBN will be able to offer a wider range of financial
services to its suppliers and XBN is set to benefit customers in
India and globally with the best products in design, materials,
innovations, and at the best price.

"The cooperation with Wirecard enables us to combine our strong
global e-commerce capabilities and our premium supplier alliances
with the world's most popular digital payment and financial service
provider. This gives us unlimited potential for growth. I'm very
excited about the opportunities to explore new business and market
potentials with Wirecard in both emerging and developed markets,"
said Xu Danxia, Chairman of the Board of XBN.

"There is tremendous potential in partnering with XBN and bringing
our global digital payment acceptance solutions to a leading global,
rapidly growing e-commerce platform," added Georg von Waldenfels, EVP
Group Business Development at Wirecard. "The opportunity, besides
leveraging all of our traditional global payment products, is also to
expand throughout India and leverage our SmartShop agent network for
XBN by bringing digital e-commerce services to consumers in the rural
parts of the Indian subcontinent."

On May 30th, Wirecard and XBN will hold a signing ceremony of the
cooperation agreement witnessed by government representatives from
China during the 2019 China E-Commerce Convention, which is part of
CIFTIS 2019 (China International Fair for Trade of Service).

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 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 and
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 on www.wirecard.com, follow
us on Twitter @wirecard and on Facebook @wirecardgroup.

About XBN:

XBN is China's leading full-service cross-border trade service
platform - building leadership capabilities in transformation of the
manufacturing sector. With more than 200,000 registered suppliers and
600,000 SKUs, in 2018 XBN's trading volume has exceeded $6 billion.
XBN services encompass a Supply Chain Platform, Internet Marketing,
Market Analysis, Cross-Border ERP und a PaaS Platform. The global XBN
Warehouse is available in the United States, Germany, Japan, United
Kingdom, Australia, Bahrain and Russia.

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

XBN contact:
XBN Marketing
Tel.: +86 (0) 10 81281361
Email: marketing@xbniao.com

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