Wirecard wins KaDeWe, Oberpollinger and Alsterhaus as customers for Alipay payments

Aschheim (Munich) (ots) -

- Integration of the mobile payment technology into the KaDeWe
department stores' central checkout system, just in time for Golden
Week
- Fully digitized payment solution at the point of sale enabled by
Wirecard

Wirecard, the global innovation driver for digital financial
technologies, wins KaDeWe Group GmbH as a new customer for Alipay
payments, China's leading mobile payment solution. With Wirecard
technology, the Chinese payment method has been integrated into the
POS system of department stores belonging to the Group. Initially,
this is offered in nine checkouts at KaDeWe in Berlin, one at
Oberpollinger in Munich, as well as one at Alsterhaus in Hamburg. A
later integration into further checkouts is planned. As part of the
cooperation, Wirecard provides acceptance and takes care of the
complete processing of payments. The integrated technology has
started in time for the "Golden Week", an important Chinese holiday
lasting several days, which is traditionally used very intensively
for long-distance travel.

Thanks to the cooperation, KaDeWe, Oberpollinger and Alsterhaus,
which are some of the most important department stores in Germany and
are highly renowned in Europe, can benefit even more from the tourism
boom from China. Every year, more than eight million Chinese tourists
travel to Europe and spend more than any other nation in the world on
shopping, averaging over 3,000 euros per trip. For Chinese consumers,
brand awareness plays a decisive role in their purchasing decision.
Branded and luxury products which make up the core range of the
KaDeWe Group, such as high-quality shoes, bags, watches and jewelry,
are among the most sought after products. In this environment,
luxury department stores can now establish themselves as attractive
providers for Chinese customers. By accepting payments via Alipay,
they are also gaining the trust of a young and financially strong
target group with a high web-affinity. The average transaction volume
for individual merchants offering Alipay via Wirecard is around 800
euros. The highest single transaction to date paid via Wirecard with
Alipay is a good 40,000 euros.

Robert Palmer, Head of Alipay EMEA: "The department stores of the
KaDeWe Group are among the best-known in Germany for Chinese
tourists. Since Alipay payments are now accepted, thanks to our
in-app marketing platform the department stores become even more
visible for Chinese customers who'll also enjoy a better shopping
experience, because for them now the payment process will now be just
as comfortable to them as it is in China."

Dr. Michael Peterseim, CFO of the KaDeWe Group: "Chinese tourists
are a particularly important target group for our department stores,
which is why we want to meet their expectations in the best possible
way. We are therefore particularly pleased to be able to offer these
customers the opportunity to make their purchases in our stores with
the Alipay App. Throughout the integration process, Wirecard has
given us the benefit of its professionalism and experience, making
Wirecard a reliable and trustworthy partner for the future."

Christian Reindl, Executive Vice President Sales Consumer Goods at
Wirecard: "Our goal is to help merchants digitize their processes,
offer their customers flexible payment options and improve their
offerings at all levels. We are very pleased that with the KaDeWe
Group we have now won three of the most renowned premium department
stores in the country as customers."

Paying with Alipay is straightforward: Customers who want to pay
cashless with their Alipay app simply show the retailer their
smartphone display with a barcode. The merchant scans it with a
hand-held scanner and the payment process is started immediately.
Wirecard initiates the payment in the background. The customers
confirm their purchase by entering the password and receive a payment
receipt. Another advantage: The Alipay App enables merchants to send
their Chinese customers special offers via push message shortly
before they arrive at their destination.

More information can be found at: https://www.wirecard.de/alipay/

About Wirecard:

Wirecard (GER:WDI) is one of the world's fastest growing digital
platforms in the area of financial commerce. We provide both
corporate clients 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 solutions in the areas payment and risk, retail and
transaction banking, loyalty and coupon programs in addition to data
analytics and conversion rate enhancement across all sales channels
(online, mobile, ePOS). Wirecard operates regulated financial
institutions in several key markets, in addition to holding 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, on LinkedIn and on Facebook @wirecardgroup.

About the KaDeWe Group:

Innovative, luxurious and pioneering - KaDeWe, Alsterhaus and
Oberpollinger are among the most important department stores in
Germany and among the most renowned in all of Europe. With their
impressive, over 100-year history, they have become unmistakable
trademarks of their cities. They stand for an extraordinary shopping
experience, an international brand portfolio and excellent service.
They carry you away into a world that inspires and informs, that is
not commonplace, but something very special. Their extraordinary
productions and events are particularly attractive, as is their
unique product selection. Since 2015, KaDeWe, Alsterhaus and
Oberpollinger have been united under the umbrella of the KaDeWe
Group. The head office of the KaDeWe Group is in Berlin.

Wirecard media contact:

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

KaDeWe Group media contact:

The KaDeWe Group
Marie-Theres Lehmann
Tel.: +49 30 701 722 265
Email: marie-theres.lehmann@kadewe.de

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