Wirecard powers new Swiss Post China cross-border e-commerce marketplace

Aschheim (Munich) (ots) -

- Wirecard has integrated Chinese payment methods into Swiss Post's
"Your Gateway to China" service
- In the future, the service will be available to thousands of
merchants in Germany, Austria and Switzerland

Wirecard, the global innovation leader for digital financial
technology, is providing the payment solution for Swiss Post's "Your
Gateway to China" service. Thanks to the "Your Gateway to China"
service, Swiss retailers can easily offer their products directly to
Chinese consumers through major virtual marketplaces. Swiss Post
offers Swiss small and medium-sized enterprises (SMEs) everything
they need to open up to new markets, including market entry
consulting, logistics and customs clearance, as well as links to
local marketplaces. A wide range of quality Swiss products and
well-known brands are already available on the virtual marketplaces.
Wirecard processes all transactions carried out with leading Chinese
payment methods on behalf of Swiss Post.

According to Statista, the Chinese e-commerce market is a global
leader, with an estimated gross merchandise volume of EUR 4.1
trillion in 2019. Cross-border shopping has also played a key role in
China's e-commerce boom: the gross merchandise volume of China's
import e-commerce market reached EUR 14 billion in 2017, and that
figure is expected to hit EUR 44.7 billion by 2021. The top purchase
categories in this segment are food, beauty products, and fashion.

"We are very pleased about our international cooperation with
Swiss Post," commented Marion Laewe, VP Sales Retail at Wirecard. "We
want to offer buyers and sellers simple and convenient checkout
processes, no matter where they are. This collaboration is another
development in cross-border e-commerce that we look forward to
introducing in other regions in the near future."

"Wirecard complements our overall solution and ensures an optimal
shopping experience by incorporating the Alipay and WeChat Pay
payment methods that are preferred by Chinese customers," added Luigi
Pezzuto, Head of PostLogistics International at Swiss Post. "Our
offer to connect companies more effectively with the Chinese B2C
market is an attractive proposition not only for Swiss companies. We
are therefore considering offering this service to companies from all
over the DACH region to enter the Chinese market."

Watch the video "Connecting to China with Swiss Post and Wirecard"
here: https://www.youtube.com/watch?v=sb9nmehc1GI&feature=youtu.be

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 "Your Gateway to China" service by Swiss Post:

With this comprehensive solution, Swiss Post is making it easier
for companies to enter the Chinese market. On one hand, with a
presence in the most important marketplaces such as Tmall Global and
WeChat, and on the other by handling all logistics, including import
and final delivery to China. The offering comprises five modularly
combinable service components, which are adapted to the Chinese
market and the resources of smaller providers in the B2C market. For
more information visit: www.swisspost.ch/china

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