Wirecard expands cooperation with KaDeWe Group, operator of Germany's most famous department stores, to enable all digital in-store payments

Aschheim, Munich (ots) -

- Wirecard will now handle the entire payment process at the POS
after successfully integrating Chinese payment methods for KaDeWe
Group stores in 2018
- KaDeWe Group operates German luxury department stores KaDeWe,
Alsterhaus, and Oberpollinger
- The revenue of the KaDeWe Group amounted to EUR 600 million in
2018, with the majority being cashless

Wirecard, the global innovation leader for digital financial
technology, is expanding its cooperation with KaDeWe Group, operator
of Germany's most famous department stores for luxury products. After
successfully integrating Chinese mobile payment methods for the group
stores in 2018, Wirecard will now handle all cashless payments.

KaDeWe Group is comprised of three stores: The KaDeWe in Berlin,
one of the largest and most renowned department stores worldwide, the
Alsterhaus in Hamburg and the Oberpollinger in Munich. KaDeWe alone
welcomes over 50,000 customers every day and is today both a shopping
destination and a tourist attraction for local and international
customers. The Wirecard digital financial commerce platform provides
retailers such as KaDeWe Group with access to the complete Wirecard
ecosystem including value-added services such as data analytics, all
of which contribute to improving the customer journey and enable a
holistic Unified Commerce.

In the German retail trade sector, revenues are constantly rising
each year. By 2022, the revenue is projected to increase to EUR 666
billion. As Europe's largest economy and one of the region's most
populated countries, Germany is an attractive market for retailers.
The KaDeWe Group, an important player in the German premium brand
sector, recorded a further increase in non-cash sales in 2018. Since
the integration of mobile payment options, such as Alipay and WeChat
Pay, and respective marketing activities, the company has been able
to generate further growth last year thanks to Wirecard's support for
Chinese customers.

"We are excited to expand our cooperation with Wirecard and
continue offering fast and easy payments for all of our customers,"
said Dr. Michael Peterseim, CFO of the KaDeWe Group. "As operator of
Germany's most well-known department stores, it is essential for us
to deliver the best possible customer experience to each individual
guest, and we are happy to have a knowledgeable and experienced
partner like Wirecard by our side."

The initial integration will see all three stores fully equipped
with Wirecard's POS solution. The project scope includes 450
stationary and mobile devices, for a fast and convenient payment
experience.

"It is a testimony to the success of our initial collaboration
that we are now the digital payment provider of choice for KaDeWe
Group," added Alexander Hahn, Vice President POS Retail Solutions at
Wirecard. "In addition to integrating Chinese payment methods into
the checkouts, now Wirecard is taking over the entire payment process
for the department stores in Berlin, Hamburg, and Munich. This
announcement further proves our expertise not only for Chinese mobile
payments, but also for the entire payment scope including value-added
services such as data analytics, enabling merchants to further
individualize and improve the customer journey. We look forward to a
successful integration, and to further grow our cooperation with
KaDeWe Group."

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 the KaDeWe Group:

Innovative, luxurious and pioneering - the KaDeWe, the Alsterhaus
and the 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, the KaDeWe, the Alsterhaus and
the Oberpollinger have been united under the umbrella of the KaDeWe
Group. The head office of the KaDeWe Group is in Berlin.

Contact:
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