Wirecard enables fully digital payments for Elush, largest Apple Premium Reseller in Singapore

Aschheim, Munich/Singapore (ots) -

- Wirecard supports Elush's omnichannel efforts by ensuring smooth
digital in-store and secure online payments
- Elush operates 18 physical stores across Singapore, along with an
online shop

Wirecard, the global innovation leader in digital financial
technology, announced today its collaboration with Elush Retail
Group, Singapore's largest Apple Premium Reseller to advance the
company's omnichannel sales strategy. Wirecard will provide digital
payment services to the group, in both their physical shops and
online stores, by way of its fully integrated digital financial
commerce platform.

The Elush Retail Group operates 16 iStudio stores in key areas
including Singapore Changi Airport and the luxurious Orchard Road, in
addition to the online shop, www.istudiosg.com, and two EpiCentre
storefronts, acquired in 2018. Wirecard will also provide the
backbone for the EpiCentre online store when it launches, thus
further empowering the group's omnichannel efforts within its O2O
(online-to-offline) strategy.

"We are excited to deliver a fully digital and straightforward
checkout experience to our on- and offline customers," said Oshyn
Kay, Head of Marketing at Elush. "Elush Retail Group is dedicated to
not only meeting our customers' needs, but exceeding their
expectations and offering an optimal shopping experience. We are
happy to partner with Wirecard for digital financial commerce
services, and look forward to advancing our cooperation as our
business continues to expand."

"At Wirecard, we are constantly seeking collaborations that
deliver innovative solutions. We are thrilled to partner with Elush
and provide our payment technology to support a digital customer
journey that will benefit shoppers across the country," added Judith
Loh, Head of Relationship Management, APAC Sales at Wirecard. "The
growth of digital payments in Singapore has brought significant
advantages for consumers, who enjoy a seamless shopping experience,
but also for retailers who see higher productivity. We look forward
to continuing to bring these benefits to consumers and businesses
across the globe."

Digital payments are increasingly popular in Singapore. According
to the Monetary Authority of Singapore, more than 8 in 10 Singaporean
consumers use digital payments, and nearly 3 in 5 merchants in the
island city-state accept them.

Elush's business started in 2003 as a Nike-only concept store
retailer and to date continues to expand its presence with iStudio
and EpiCentre stores islandwide, providing a more convenient and
accessible shopping experience downtown and in the respective
heartlands by way of its omnichannel efforts, along with its other
businesses.

In addition to digital payment services, Wirecard ensures a secure
checkout experience for iStudio e-commerce customers. In-store
iStudio shoppers also benefit from value-added services such as
installment plans for large purchases and currency conversion for
customers from abroad.

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 Elush:

Elush Retail Group is an organization of companies that begun
operations in 2003. Elush currently operates and manage brands like
iStudio (Apple Premium Reseller), EpiCentre (Tech Lifestyle) and
previously represented Nike, Celio and Tous in the Singapore market.
In 2007, Elush (T3) Pte Ltd was appointed Apple Premium Reseller. To
date, iStudio has expanded to 16 stores, of which 4 are within
Singapore Changi Airport and several along Orchard Road as well as
multiple in the heartlands. In December 2016, iStudio revamped their
website to launch their e-commerce business: www.istudiosg.com,
offering exclusive online promotions and giving patrons the
opportunity to purchase Apple products online to reserve their stock
before heading to the respective stores for collection or to opt for
shipping, only applicable and free within Singapore. With best retail
practices, good teamwork, dedication to service excellence and
constant improvement, Elush has won several Excellent Service Awards
(EXSA). This is a national award held annually and recognizes
individuals who have delivered quality service. The Singapore
Retailers Association and SPRING Singapore are part of the organizing
committee of the event.

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

Elush media contact:
Elush Retail Group
Ivan Chng
Tel.: +65 6836 3531
Email: ivan.chng@elushretail.com

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