Wirecard to offer instalment payment service to Shopee users in Singapore

Aschheim (Munich)/Singapore (ots) -

- Shopee users in Singapore benefit from the multi-acquirer
instalment payment plan solution provided by Wirecard Asia
- Merchants and consumers profit from the flexibility, convenience
and economics of the offering

Wirecard, the global innovation leader for digital financial
technology, is set to launch an instalment payment plan (IPP) on
Shopee, the leading e-commerce platform in Southeast Asia and Taiwan.
Shopee has a wide selection of product categories ranging from
consumer electronics to home & living, health & beauty, baby & toys,
fashion and fitness equipment. The IPP will be rolled out to selected
Shopee sellers in Singapore, who will receive full settlement upon
order completion.

"We are excited to collaborate with Shopee to offer Wirecard's
multi-acquirer IPP solution to customers in Singapore, enabling them
to choose from any of the three local banks when purchasing online.
According to latest stats, more than half of global shoppers are
buying big-ticket items such as electronics online. The new feature
will offer customers an easy and affordable way to indulge in their
shopping pleasures, and we look forward to continually improve the
payment experience for them," said Alson Lau, Head of Business
Development at Wirecard Asia Pacific.

"The new solution provided by Wirecard allows users to shop
without financial restraints by using their credit cards to pay for
big-ticket items in fixed monthly payments. Offering an interest-free
instalment plan is a win-win situation for both consumers, who can
opt to spread their payments over a certain period at no additional
cost, and sellers, who will still receive the full settlement upon
order completion. This new feature will give users more flexibility
and options, improving the end-to-end shopping experience," said Zhou
Junjie, Chief Commercial Officer at Shopee.

The new feature enables customers in Singapore to pay for
big-ticket items on Shopee and is available to all users who hold a
credit card from any of the three local banks. Shopee users can
choose to pay for purchases in fixed monthly payments over periods of
6 or 12 months. Customers purchasing from selected retailers on
Shopee with a minimum transaction of SGD200 will be eligible for the
IPP.

Shopee will run a campaign locally called 7.7 on July 7, with 0%
Instalment Payment, where users can look forward to exclusive deals
and promotions. In line with the campaign, Shopee will be rolling out
the IPP solution to selected retailers, providing additional
convenience and flexibility to its customers.

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 Shopee:

Shopee is the leading e-commerce platform in Southeast Asia and
Taiwan. It is a platform tailored for the region, providing customers
with an easy, secure and fast online shopping experience through
strong payment and logistical support. Shopee aims to continually
enhance its platform and become the region's e-commerce destination
of choice.

Shopee has a wide selection of product categories ranging from
consumer electronics to home & living, health & beauty, baby & toys,
fashion and fitness equipment.

Shopee, a Sea company, was first launched in Singapore in 2015,
and has since expanded its reach to Malaysia, Thailand, Taiwan,
Indonesia, Vietnam and the Philippines. Sea is a leader in digital
entertainment, e-commerce and digital financial services across
Southeast Asia. Sea's mission is to better the lives of consumers and
small businesses with technology, and is listed on the NYSE under the
symbol SE.

Wirecard media contact:

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

Shopee media contact:

Shopee Singapore Private Limited
Elissa Young
Tel.: +65 9226 4022
Email: elissa.young@shopee.com

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