Wirecard enables Chinese mobile payment methods for NK, Sweden's most iconic department store

Aschheim (Munich) (ots) -

- NK welcomes over 9 million visitors annually to its luxury stores
in Stockholm and Gothenburg
- Wirecard will enable NK department stores to accept leading Chinese
mobile payment methods
- Department stores are one of the top shopping destinations for
Chinese tourists, along with duty-free shops and large supermarkets

Wirecard, the global innovation leader for digital financial
technology, has announced a new customer win with NK (Nordiska
Kompaniet) department stores. One of Sweden's most famous department
stores, NK welcomes over 9 million visitors annually to its luxury
stores in Stockholm and Gothenburg. Wirecard will enable the two NK
department stores in Sweden to accept leading Chinese mobile payment
methods. The integration has taken place also thanks to a cooperation
between Wirecard and Cimple Marketing, Nordic-based marketing and
payment specialist in the area of Chinese consumers.

A 2018 Nielsen and Alipay study found that, among Chinese
tourists, department stores are one of the top shopping destinations,
along with duty-free shops and large supermarkets. In addition, these
three retailer categories are also those where mobile payment is used
most frequently by Chinese tourists. Overall, the use of mobile
payment for this target group is widespread: Last year, around 60% of
Chinese tourists worldwide paid with their mobiles. This trend has
led more and more merchants to adopt a Chinese mobile payment
solution for their shops.

"Mobile payment is incredibly widespread in China, and, as China
is one of the biggest travelling nations in the world, it is
essential for merchants to adopt the technology that will give
shoppers the freedom to pay with their preferred payment method,"
said Fredrik Neumann, Vice President Sales Retail at Wirecard. "With
NK as a customer, we are furthering our mission of enabling digital
payments for all, and we are excited to join forces with Sweden's
most famous department store."

The total transaction volume spent using Chinese payment methods
and processed via the Wirecard platform has more than doubled in the
last year. In department stores, Chinese guests averagely spend
around 810 Euro per purchase. The highest single purchase with
Chinese payment methods and processed by Wirecard was over 40,000
Euro. NK also expects to gain significant sales benefits from the
latest integration.

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 Nordiska Kompaniet:

Nordiska Kompaniet was founded in 1902 by Josef Sachs and consists
of two department stores, one in Stockholm and one in Gothenburg. The
NK brand and the goods in Stockholm and Gothenburg were sold by the
listed Hufvudstad AB. NK's sales in 2018 totaled SEK 3 billion, with
an inflow of around 9 million visitors per year and a total of around
1200 employees. Read more at www.nk.se and www.hufvudstaden.se.

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