Wirecard drives cashless payments in Singapore together with Gong Cha, the global bubble tea company

Aschheim (Munich)/Singapore (ots) -

- Gong Cha stores in Singapore use Wirecard's payment technology at
their in-store POS. This includes the cashless kiosks, which reduce
check-out lines and increase efficiency
- Present in over 20 regions worldwide, Gong Cha is one of the most
recognized bubble tea brands in the world
- Bubble tea is a trend in Singapore, where hundreds of thousands of
bubble tea drinks are sold every week

Wirecard, the global innovation leader for digital financial
technology, further drives cashless payments in Singapore together
with Gong Cha, a premium bubble tea retailer. Present in over 20
regions worldwide, Gong Cha is one of the most recognized bubble tea
brands in the world. Wirecard provides payments acceptance services
for all 25 Gong Cha stores in Singapore, and supports the bubble tea
retailer in its rapid expansion across the island as Singapore
benefits from the hype, where hundreds of thousands of bubble tea
drinks are sold every week.

The bubble tea industry is growing at a fast pace, not only in
Singapore but also on a global level. According to Allied Market
Research, the global bubble tea market was valued at EUR 1.7 billion
in 2016, with that figure projected to reach EUR 2.8 billion by 2023.
The Asia-Pacific and North American markets alone account for more
than 83% of the global bubble tea industry, in terms of value.

All Gong Cha stores in Singapore use Wirecard's payments
acceptance services at their POS, including at the cashless kiosks.
Deployed in cooperation with Wirecard, the cashless kiosks offer both
customers and the retailer a number of benefits, including a
reduction in queuing times, faster checkout, and freeing up staff to
take on further customer service roles.

"As payments in Singapore continue to digitalize, we find it
essential to offer our customers the same digital experience they
expect from any major retailer or service provider island-wide,"
commented Andy Oh, Chief Operations Officer at Gong Cha. "Together
with Wirecard, we can ensure that every customer who chooses to visit
us can pay with their preferred favorite method, in all of our
locations. We are happy to partner with Wirecard as we continue to
expand our brand across Singapore."

"We are excited to cooperate with Gong Cha, one of Singapore's
major bubble tea brands, to enable digital payments for customers all
over the country, which is rapidly going into a cashless society,"
added Judith Loh, Head of Relationship Management, APAC, Sales at
Wirecard. "As a leader in digital financial technology, we offer
flexible solutions which can be adapted to the needs of any merchant.
With Gong Cha, we have again proven our innovative power in digital
payments and our ability to meet the needs of our merchants."

With Wirecard's payment technology, Gong Cha customers can pay for
their purchases using their EZ-Link card, one of Singapore's most
widely used contactless payment solutions for public transport,
retail, and government services.

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 Gong Cha:

Established in Taiwan in 2006, Gong Cha has become deeply
appreciated by its customers, gaining global recognition by word of
mouth and a uniquely customized service. From then on, the story of
Gong Cha has widely spread, and Gong Cha has become one of the
best-known quality tea providers in the world. Today, Gong Cha has
blossomed in more than 20 regions worldwide.

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

Gong Cha media contact:
Gong Cha (Singapore) Pte Ltd
Andy Oh
Tel.: +65 9234 0256
Email: andy.oh@gong-cha-sg.com

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