Germany-based global provider of digital payments and commerce solutions Wirecard announced on Thursday it has teamed up with NK department stores to accept Chinese mobile payment methods. According to Wirecard, NK welcomes over 9 million visitors annually to its luxury stores in Stockholm and Gothenburg. The integration with Wirecard also 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.
While sharing details about the partnership, Fredrik Neumann, Vice President Sales Retail at Wirecard, stated
“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. 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.”
Wirecard went on to add:
“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.”