Wirecard enables state-of-the-art payment solution for eMAG customers

Aschheim (Munich) (ots) -

- eMAG is the largest e-tailer in Romania with annual sales figures
of over EUR 1 billion
- Collaboration is contributing to driving the digitalization of all
aspects of the customer journey

Wirecard, the global innovation leader for digital financial
technology, is furthering its pioneering work in the field of
real-time digital payment solutions in Romania, taking advantage of
the strong digitalization trend and improving the overall customer
experience. The company is enabling a state-of-the-art payment
solution for eMAG customers. eMAG is the largest e-tailer in Romania
with annual sales figures of over EUR 1 billion and has also expanded
into new markets such as Bulgaria, Hungary and Poland. The company
operates its own online shop with well-known consumer brands as well
as a marketplace for merchants to sell their products. Categories
range from electronics and home appliances to toys, fashion, DIY and
furniture.

"Online shopping is growing fast in Romania and this is mainly due
to the growing comfort that the end consumer feels when ordering or
paying. The latest payment solution with eMAG is taking this
experience to a new and higher level, contributing to making all
aspects of the purchase process as fast and seamless as possible, and
we are excited to be pioneering it," said Utku Ogrendil, Managing
Director at Wirecard in Romania.

The volume of online sales of goods in Romania increased by 30% to
EUR 10 million per day, according to calculations compiled by GPeC
based on data supplied by major local online retailers. The growth
rate was among the highest in Europe for the second year in a row,
showing the market's robust growth potential. Electronics & Media is
currently the leading product category in Romania, followed by
Fashion. By 2022, Electronics & Media will still be the most
purchased online category, with an estimated value of USD 1.07
billion, according to Statista. Fashion will have an expected worth
of USD 909.6 million.

Especially for these segments, Wirecard has developed a special
solution for eMAG customers: Leveraging Wirecard's digital financial
commerce platform, eMAG is able to ensure immediate and uncomplicated
refunds with its "Instant Money Back" offer, based on Mastercard
Money Send and Visa Direct services. By shortening the time of
receiving money back from days to just a few minutes, eMAG is further
improving customer service leading to increased brand trust and
loyalty. The solution is the first of its kind in Europe and applies
to all purchases, regardless of sales channel, thus driving Unified
Commerce
(https://www.youtube.com/watch?v=HySer7UKVEo&feature=youtu.be).

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 eMAG:

eMAG is the largest e-tailer in Romania, and has also expanded
into new markets such as Bulgaria, Hungary and Poland. The company
operates its own online shop with well-known consumer brands as well
as a marketplace for merchants to sell their products. Categories
range from electronics and home appliances to toys, fashion, DIY and
furniture.

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