Wirecard wins YeePay, leading Chinese travel payment company, as a new partner for airline bookings globally

Aschheim (Munich) (ots) -

- Wirecard will help all YeePay customers in the airline industry to
internationalize their business by providing payment services outside
of China
- The potential transaction volume for Wirecard from this
collaboration is over EUR 17 billion annually
- YeePay is the leading acquirer in China for the airline and travel
industry

Wirecard, the global innovation leader for digital financial technology,
continues to expand its business with major Chinese partners through a new
cooperation with YeePay. As the leading independent mobile and online acquirer
in China for the airline and travel industry, YeePay serves all Chinese
commercial airlines and major travel agencies. Wirecard and YeePay will
cooperate to provide payment processing services to these customers outside of
China.

YeePay, a leading e-payment service provider in China, reported a transaction
volume in airline and travel of EUR 34 billion in 2018, with nearly all
transactions being online-based. By working with Wirecard, YeePay can now
facilitate international payments with a potential transaction volume of more
than EUR 17 billion which will be handled by Wirecard. The companies will
leverage their payment technology and licenses to give current and new customers
of YeePay a convenient and regulatory checkout process. Travel agencies,
airlines and consumers outside of China will benefit from this improved service
offering.

"We are proud to enter into a partnership with YeePay and leverage on their
status and expertise in the Chinese airline and travel market," commented Jörg
Möller, EVP Travel & Mobility at Wirecard. "Wirecard is already one of the
largest international acquirers for airlines outside of China, working with more
than 100 airlines globally. This cooperation with YeePay and its customers
enables us to further expand our presence in this ever-growing market segment."

"As the acquiring partner of choice for China's airlines, we are constantly
seeking new partnerships that can strengthen our service offering," added Bin
Tang, CEO at YeePay. "With Wirecard we are extending our footprint on a global
scale, and as a result can offer our customers a modern and innovative payment
experience, no matter where in the world they are."

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 YeePay:

Established in 2003, YeePay is one of the leading payment service providers in
China. The company provides total payment solutions for the enterprise,
integrating multiple payment channels including online, mobile and offline in
the frontend, and streamlining settlement processes in the backend. YeePay's key
advantage is customized solutions and value-added services for industry
verticals including airline and travel, new retail, Internet finance,
administration and education, cross-border etc. YeePay holds the payment license
from People's Bank of China and the cross-border license from State
Administration of Foreign Exchange.

Wirecard contact:
Wirecard AG
Iris Stoeckl
VP Corp. Comm./IR
Tel.: +49 (0) 89-4424-1424
Email: iris.stoeckl@wirecard.com
http://www.wirecard.com
ISIN DE0007472060
Reuters: WDI.GDE
Bloomberg: WDI GY

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