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MarketScreener Homepage  >  Equities  >  Xetra  >  Wirecard    WDI   DE0007472060

WIRECARD (WDI)
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Wirecard : gains Giuseppe Zanotti as a new customer for Alipay payments

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06/08/2018 | 07:58am CEST

Posted on 06/08/2018 at 08:00

Wirecard ePOS App enables an easy integration of Alipay into the existing infrastructure

Wirecard, the international innovation leader in the field of digital financial technology, gains the luxury shoe brand Giuseppe Zanotti as a new customer for Alipay payments. The cooperation enables Giuseppe Zanotti to offer China's favorite mobile payment method in Spain, France and the UK. Wirecard provides Giuseppe Zanotti with the Wirecard ePOS App for the acceptance of common international payment methods on mobile devices. The solution offers retailers a digital payment ecosystem with global payment options and value-added services.

Chinese customers will be a driving force in the increase of luxury spending: By 2025, around 7.6 million Chinese households will represent a total of 132 billion Euros in global luxury sales. Giving Chinese tourists the opportunity to take advantage of their favorite payment app is a tremendous sales opportunity for local merchants in Europe. Retailers who have introduced Alipay via Wirecard have increased their turnover with Chinese customers by more than 350 percent in one year in some cases. During 'Golden Week', one of the most important travel times in China, some retailers were able to double their turnover with Alipay on a monthly basis.

Marion Laewe, Vice President Sales Consumer Goods at Wirecard, comments: 'It is obviously beneficial for European retailers to offer Chinese customers their trusted payment method, even because through this they are willing they are willing to spend higher amounts abroad. We are now delighted to support Giuseppe Zanotti in strengthening their customer relationship with visitors from the Far East and to profit from Alipay's digital marketing platform.'

Li Wang, Head of Alipay EMEA, said: 'We are excited to partner with Giuseppe Zanotti through Wirecard. Renowned luxury European brands are at the top of Chinese visitors' wish list. We will continue working together to bring a seamless payment and shopping experience to Chinese customers.'

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Disclaimer

Wirecard AG published this content on 08 June 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 08 June 2018 05:57:02 UTC

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Sales 2018 1 969 M
EBIT 2018 454 M
Net income 2018 353 M
Finance 2018 540 M
Yield 2018 0,12%
P/E ratio 2018 59,39
P/E ratio 2019 44,20
EV / Sales 2018 10,3x
EV / Sales 2019 8,03x
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Mean consensus OUTPERFORM
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Average target price 155 €
Spread / Average Target -9,0%
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Markus Braun Chief Executive & Technology Officer
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