Wirecard and SES-imagotag to accelerate in-store mobile payments adoption

Aschheim (Munich) (ots) -

- Wirecard and SES-imagotag strengthen their cooperation to build
a joint ESL-enabled (Electronic Shelf Label) mobile payment
solution for in-store shoppers
- Wirecard payment technology will now be automatically available
on all cloud-based SES-imagotag IoT price tags
- The solution will enable frictionless shopping while reducing
the cost and time of traditional checkout
- In the coming years over 500 million connected smart labels will
be turned into payment acceptance points

Wirecard, the global innovation leader for digital financial
technology, and SES-imagotag, a global leader in digital solutions
for physical retail, are joining forces to accelerate the adoption of
frictionless in-store mobile payment. As a result, both companies
offer a unique solution designed to enhance the in-store shopping
experience.

The two companies are developing a "pay to tag" solution
connecting Wirecard's mobile payment platform with all SES-imagotag
cloud-connected IoT labels. Shoppers benefit from truly seamless
in-store shopping, avoiding long checkout times, especially at peak
hours, as well as e-coupons instant redemption and cash-back. Thus,
shoppers save both time and money in physical retail while enabling
brands to improve their Point of Purchase marketing efficiency.

Together, Wirecard and SES-imagotag, who have been partners since
spring 2018, expect that over 500 million cloud-connected smart
labels will be turned into mobile payment acceptance points. In
particular, the U.S. retail sector will benefit from the joint
in-store solution for mobile shopping.

Michael Unmüßig, Senior Executive Vice President Marketing at
SES-imagotag, said, "Smart labels and smartphones will be the future
Point of Sale. Together with Wirecard we aim at creating a
win-win-win deal by making every SES-imagotag smart label a mobile
payment and e-coupons terminal that enables frictionless shopping.
Shoppers will save time and money, brands will improve the efficiency
of Point of Purchase communication, and retailers will be able to
upgrade their business model while dramatically enhancing the shopper
experience. This vision is now very clear, and the building blocks of
this "connected commerce cloud" are now at hand!"

Alexander Hahn, Vice President Point of Sale (POS) Retail
Solutions at Wirecard, added, "We are delighted that consumers will
be able to benefit from this new technology from now on, especially
in the U.S. Instead of the traditional customer journey, which
sometimes involves long waiting times, shoppers can now expect a
fast, seamless and digital shopping experience in participating
stores."

Through a simple scan of an electronic shelf label (ESL) with
their smartphones (QR Code / NFC), shoppers will also have access to
more information, customer reviews, rich content, and other marketing
and loyalty programs, directly at the shelf, with dramatically
increased conversion rates. Thanks to Wirecard's technology, they can
then complete the purchase on their phones using their preferred
payment method. This ESL-enabled in-store mobile payment solution is
already live in several stores around the world.

Since its inception, SES-imagotag has equipped over 20,000 stores
in 62 countries for a total of 200 million ESLs, including as many as
over 50 million cloud-connected smart labels. Through its VUSION
Retail IoT Cloud platform, SES-imagotag enables retailers to automate
low value-added processes, increase store efficiency and improve
shoppers' connectivity in store.

SES-imagotag and Wirecard are presenting their joint plans today
at Wirecard's Capital Markets Day in New York. In addition to
presentations by the Management Board, there will be panel
discussions and keynote presentations from selected innovation
drivers. You can find the program and follow the livestream here:
https://ir.wirecard.com/websites/wc/English/500/overview.html

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 SES-imagotag:

For 25 years, SES-imagotag has been a reliable partner to
retailers in introducing digital technology to their stores.
SES-imagotag is the world leader in smart digital price tagging and
automated price adjustment, and develops a comprehensive IoT and
digital platform that provides retailers with a comprehensive service
package. The solutions from SES-imagotag enable retailers to link and
digitize their stationary stores, automate processes with low added
value, increase operational efficiency, inform and serve customers,
ensure error-free customer information by constantly comparing the
availability of goods, avoid zero stocks and waste and create a
service-oriented omnibus channel offering that builds customer
loyalty and meets changing consumer expectations.

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

SES-imagotag media contact:
SES-imagotag Group
Loïc Oumier
Tel.: +33 1 34 34 61 61
Email: loic.oumier@ses-imagotag.com

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