Wirecard Announces Partnership With Chinese E-Commerce Platform XBN

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Thursday it has formed a partnership with Chinese e-commerce platform XBN to enable digital payments outside of China.

According to Wirecard, XBN is on a rapid global expansion with a trading volume of more than $6 billion in 2018, and covering 45 countries and regional markets. It was revealed:

“Both businesses and individual consumers can buy goods directly from global partners of XBN, which are directly sourced from high-quality Chinese manufacturers. Wirecard will provide global digital payment acceptance services to XBN, but will also support XBN’s expansion in India with its nationwide SmartShop agent retail network.”

Speaking about the partnership, Xu Danxia, Chairman of the Board of XBN, stated:

“The cooperation with Wirecard enables us to combine our strong global e-commerce capabilities and our premium supplier alliances with the world’s most popular digital payment and financial service provider. This gives us unlimited potential for growth. I’m very excited about the opportunities to explore new business and market potentials with Wirecard in both emerging and developed markets.”

Georg von Waldenfels, EVP Group Business Development at Wirecard, added:

“There is tremendous potential in partnering with XBN and bringing our global digital payment acceptance solutions to a leading global, rapidly growing e-commerce platform. The opportunity, besides leveraging all of our traditional global payment products, is also to expand throughout India and leverage our SmartShop agent network for XBN by bringing digital e-commerce services to consumers in the rural parts of the Indian subcontinent.”

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