Wirecard enables click and collect omnichannel payments

Aschheim (Munich) (ots) -

- Merchants can offer consumers flexible purchase and pick-up
options combining online, mobile and in-person

- Wirecard platform provides merchants with ease of integration to
exploit growing customer demand for omnichannel experiences

Wirecard, the global innovation leader in digital financial
technology, today announced that it is making it even easier for
merchants to take advantage of customer demand for true omnichannel
purchase experiences by enabling click and collect via the Wirecard
platform. Wirecard is thus expanding its ecosystem of real-time value
added services around innovative digital payments and as a result
helping retailers to significantly increase their average sales
figures. Merchants who introduced click and collect services reported
a growth in online sales of up to 30%.

The new click and collect solution aligns with current market
trends. According to an Internet Retailer report from May 2018,
around 62% of US consumers said they had purchased a product online
and picked it up in store in the past year. And according to a recent
UPS Global Pulse of the Online Shopper survey, 66% of consumers made
an additional purchase when returning an item in-store.

"Retailers are having to use significantly more channels than in
the past in order to meet their customers wherever they decide to
make a purchase, whether that be via an e-commerce site, a mobile app
or in-store," said Sreelekha Sankar, EVP of Payment & Risk at
Wirecard. "The Wirecard platform enables merchants to be able to
support omnichannel use cases like click and collect. This means that
retailers can provide a positive and seamless customer experience, a
key factor for customer retention."

While consumers have come to expect a seamless, unified purchasing
experience regardless of the chosen location and method, it has been
a challenge for merchants to merge the various channels behind the
scenes. The Wirecard digital platform bridges this gap by channeling
transactions from all entry channels to a single platform. This means
that each transaction is assigned a unique reference ID so that
retailers are able to accept payment on one channel and fulfill the
purchase via another if the customer so chooses.

Wirecard recently outlined its Vision 2025, focusing on two key
areas: firstly, accelerating convergence and enabling omnichannel
commerce via one platform and secondly, developing innovative
data-led value-added services, which are built around Wirecard
Digital Payment Ecosystem and which lead to an improvement in the
conversion rate. Today's announcement is a further step on Wirecard's
path to realizing its vision of the digital platform economy and
enabling its customers and partners to improve customer service and
in turn grow their own businesses.

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,
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.

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