Cashback and mobile payment system "wee" poised for market launch in China / Boomtown Shenzhen swears by "Made in Germany" with m-business from Schwabing (FOTO) - Seite 2

arena project with an open payment system in China. As the holding
company of the group, Swiss Fintec Invest AG is also pleased with
this plan. And what is motivating the municipal decision-makers of
Shenzhen to promote these investors for "wee" to jointly take on such
a mega-project - potentially with additional millions in state
funding?

For starters, it is the globally unique position of the innovative
loyalty programme where retailers profit from their biggest
competitor, e-commerce. This can be seen throughout Europe, for
example in Munich just as much as in the Allgäu region, in the
Central German region of Lusatia or in the cities of Swiss Romandy,
where the retail trade is currently being tapped into for "wee". In
contrast to the competition, when shopping online in over 1,400
renowned online shops at wee.com, discounts collected in the form of
"wee" (in Europe, one "wee" is one euro) can only be consumed in
stationary retail shops. Alternative option: the customer has the
collected "wee" transferred to his own current account. This mobile
payment is in conformity with the prudential requirements.

In the tranquil town of Bad Tölz, the comprehensive stress tests
for the synergetic networking of the first "open" stadium payment
system worldwide - the completely digitalised weeArena - with the
local retail trade, which has been integrated into the "wee"
infrastructure, and the e-commerce, have been concluded successfully.
Specifically, this means: anyone who makes a purchase with local
retailers who have joined "wee", thus collecting up to 10% discounts
per purchase, can then use their "wee" credit to pay for the entry to
DEL2 games of the Tölzer Löwen, eat and drink in the Ice Temple or
buy souvenirs at the fan shop without the need for cash thanks to the
weeCard or weeApp, in turn collecting discounts in the form of "wee".
The unique position of the pilot project in Bad Tölz and the know-how
built up here during the development and implementation of the
technology and throughout the project management serves as a
blueprint for the Europe-wide multiplication that has already taken
place, and for the accompanying systematic integration of 25
metropolis and rural regions by 2024.

And why is one of the most technologically innovative cities in
the world relying on "wee" and on the unique stadium concept of
weeSports & Entertainment? On the one hand, the goal is to motivate
the heavily under-represented retail trade and to improve the quality
of life of people by providing them with a growing range of offers.
On the other, on its way to becoming a major player in professional