Wirecard and EasyTransfer make payment easy for international Chinese students

Aschheim (Munich) (ots) -

- Wirecard's fully digital mobile payment platform for use by
China's EasyTransfer

- EasyTransfer is popular with digital-native Chinese students
around the world

- There are over 1,800,000 Chinese students studying outside of
China

Wirecard, the global innovation leader for digital financial technology, and
EasyTransfer are collaborating to enable seamless mobile payments for
digital-native Chinese students. Together the two companies are launching a new
mobile payment and loyalty app designed for Chinese students studying outside of
China. Approximately $3.8 billion in tuition payments were transferred via
EasyTransfer in the first year alone.

EasyTransfer was founded by a group of former international students who wanted
to help simplify tuition payments for students worldwide. The company
streamlines the entire traditional wire transfer process and makes it fully
digital, saving students, as well as their families precious time and offering
peace of mind so that they can concentrate on their studies. After rapidly
expanding to over 30 countries around the world, EasyTransfer has seen an 829%
growth in transaction volume and 1079% growth in overall number of transactions
over the past two years.

Due to its strategic position and relevance for an ever-growing segment of
Chinese international students, EasyTransfer already has connections with
multiple Chinese banks. However, a solution that offers continuity and a
seamless payment process in their host country that ultimately ensures that the
students studying abroad can stick to their payment habits, centered around
secure mobile payments, was mission critical to further deepen the relationships
EasyTransfer has with its consumers.

Wirecard has customized its intelligent mobile payment platform specifically for
EasyTransfer. EasyTransfer will be able to offer Chinese international students
flexible and familiar payment processes as well as a wealth of loyalty features
and ancillary services from its vast network of partner merchants. Thanks to
this collaboration, students can effortlessly shop online and offline via
Wirecard-issued fully digital payment products, pay for meal plans, receive
targeted partner merchant offers, make peer-to-peer transactions and manage
expenses through the EasyTransfer app at the push of a button.

"Ease of use is imperative for EasyTransfer. Its success is built upon a highly
consumer-centric approach and active engagement with its users," commented Georg
von Waldenfels, Executive Vice President Group Business Development at Wirecard.
"The future of payment globally is simple, intelligent, and mobile. EasyTransfer
agrees with this vision. Thanks to EasyTransfer and Wirecard, international
Chinese students can not only manage their personal finances securely and
comprehensively in their host country but they can do so in a manner already
familiar to them, garnering assurance and peace-of-mind."

"It is our mission to set the standard by which all other companies are
compared. We want to become the number one financial service provider for the
more than 1,800,000 Chinese students that now study abroad. We want to achieve
this through exceptional customer service and a revolutionary user experience.
Wirecard's support and expertise in international payments is imperative to us
in achieving that goal," said Yutong (Tony) Gao, President of EasyTransfer.

Wirecard will initially enable EasyTransfer's first phase roll-out in the United
Kingdom, while later on expanding into markets like Australia, North America and
other Chinese student destinations.

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 EasyTransfer:

EasyTransfer is China's leading online financial service platform for overseas
students, on which students are able to pay tuition, fees and rent to thousands
of renowned colleges and universities worldwide. Since 2013, we have helped over
200,000 Chinese students and families pay tuition to thousands of educational
institutions worldwide. Our one-to-one customer service team makes it easy for
students and their families to make payments online 24/7, in China or abroad.
EasyTransfer has formed close strategic partnerships with major payment channels
like UnionPay, Visa, Mastercard and Wirecard, as well as mainstream Chinese
banks like China Guangfa Bank, China Everbright Bank, Industrial Bank, China
Minsheng Bank and China Merchants Bank. So far, EasyTransfer has received
funding from ChinaEquity Group, ZhenFund, IDG Capital Group, iEDU fund, Taiyou
Fund and CY Zone. Learn more about us at www.easytransfer.com.cn, follow us on
Twitter @ET_EasyTransfer or on LinkedIn @easytransfer.

Contact:

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

Additional content: https://www.presseportal.de/pm/15202/4496258
OTS: Wirecard AG
ISIN: DE0007472060

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