Wirecard launches fully digital installment payment plan in Germany

Aschheim (Munich) (ots) -

- Consumers will be able to pay for all online purchases in
installments, a growing trend
- Merchants can increase online sales by offering payment in
installments with guaranteed, immediate payout
- Consumers and merchants profit from the flexibility, convenience
and economics of the offering
- After the launch in Germany, Wirecard will extend the offering
across Europe
- Wirecard expects initial transaction volumes of over EUR 3 billion
using the new solution

Wirecard, the global innovation leader for digital financial
technology, is launching a new installment payment plan for online
shops in Germany. The new offering, which is available via the
Wirecard digital financial commerce platform, benefits both merchants
and consumers thanks to its B2B2C approach. Merchants are able to
increase e-commerce sales by offering customers the option to pay in
installments while still receiving full settlement when the shopper
completes the order. Consumers can more easily afford premium items
thanks to flexible payment options and benefit from a seamless
shopping experience. Wirecard acts as the acquirer and also processes
all transactions. The solution will be expanded to other SEPA
countries following the initial launch in Germany. The company
expects transaction volumes of over EUR 3 billion in the first years.

According to the recent survey "Einkaufswelten" from Teambank,
more than every second German customer (58%) considers paying in
installments for online shopping. Since paying in small installments
makes it easier for consumers to buy premium products in particular,
65% of the online retailers who are offering payment in installments
have recorded an increase in the average shopping cart value,
according to ibi research.

"At Wirecard, our focus is on constantly expanding our service
offering to enhance the customer journey. According to recent
statistics, merchants offering installment payments in their online
shops not only notice significant sales growth but also increased
customer satisfaction. By giving consumers more flexibility,
merchants improve the overall shopping experience which in turn leads
to more loyalty," said Kilian Thalhammer, VP Product Management
Payment & Risk at Wirecard.

Merchants who leverage Wirecard's new offering via its digital
platform will benefit from increased sales and earnings thanks to
larger shopping baskets and higher conversion rates. In addition,
merchants will still receive full settlement upon completion.

Consumers can more easily afford premium items as they do not have
to pay the full amount immediately. In addition, they can choose to
pay for purchases in fixed monthly payments over periods of between
three and 24 months - or up to 36 months for items over EUR 1,000.
They can also make unscheduled repayments at any time without
incurring fees.

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.

Contact:
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