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Wirecard's new in-store payment solution makes it easy and quick for IKEA customers in Malaysia to pay by installments

Nachrichtenagentur: news aktuell
10.12.2019, 09:40  |  159   |   |   
Aschheim (München) (ots) -

- With Wirecard's unique Unified Point-of-Sale solution, merchants
only need one terminal for all digital payment options
- Merchants benefit from increased sales and improved customer
satisfaction and retention
- In addition to Malaysia, installment plan solution to be rolled out
across all IKEA stores in Singapore and Thailand in the near future

Wirecard, the global innovation leader for digital financial technology, has
launched its unique in-store installment payment plan in Malaysia, where IKEA
has already integrated the solution into its checkout terminals.

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IKEA can now provide in-store customers the option to pay by installments
without any of the usual hassle that comes with such financing. Customers select
how they want to pay directly at the checkouts, and merchants like IKEA can use
Wirecard's unified solution to process all payment options through a single
in-store terminal. This saves time and simplifies the process for both customers
and merchants.

IKEA Southeast Asia's Deputy Retail Manager, Gerard Jansen, said, "We are
pleased to take this next step in our collaboration with Wirecard as they launch
their in-store installment plan solution in Malaysia. The new feature gives our
customers an added bit of flexibility and convenience - and contributes to a
seamless shopping experience."

A 2018 global survey by BigCommerce found that the ability to finance a purchase
would influence the ultimate decision of 45% of shoppers. Wirecard currently
offers in-store and online installment plans for certain geographies, including
Germany and Singapore, with plans to continuously expand the offering. Following
the launch in Malaysia, Wirecard will be rolling out the solution to IKEA stores
in Thailand and Singapore. More consumers will be able to take advantage of the
installment payment solution, making it easier for them to pay for larger
purchases. In addition, the merchant benefits from improved customer
satisfaction and retention.

"IKEA is known for its quality and affordable furniture, and we are excited to
offer our installment payment solution to the IKEA franchise in Southeast Asia,"
said Jeffry Ho, Regional Managing Director at Wirecard. "The collaboration is a
win-win for all stakeholders in the payment ecosystem. With the new solution,
consumers can opt to spread their payments over a certain period at no
additional cost, while boosting customer satisfaction for IKEA Malaysia at
checkout. We look forward to bringing the new solution to other IKEA stores and
merchants across the region."

The new feature allows customers in Malaysia to pay for big-ticket items at IKEA
stores and is available to all users who hold a credit card from any of the
participating banks. There are different tenure options available, and a minimum
transaction of MYR500 is required for customers purchasing at any IKEA stores in
Malaysia to be eligible for the installment payment plan.

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 IKEA Southeast Asia

We create a better everyday life for the many people through our IKEA stores and
Ikano shopping centres in Southeast Asia. We own and operate IKEA in Singapore,
Malaysia, Thailand and are readying to enter the Philippines and Vietnam -
offering well-designed, functional home furnishing products from Sweden at
prices so low that as many people as possible can afford them. Our Ikano Centres
are anchored by IKEA and create meeting destinations where people can shop, eat
and play. We have multiple projects in the pipeline and an ambition to double
our business in coming years. We are part of the Ikano Group of companies and
the only IKEA franchisee in the world today that is owned by the Kamprad family
that founded IKEA.

Wirecard media contact::

Wirecard AG
Jana Tilz
Tel.: +49 (0) 89 4424 1363
Email: jana.tilz@wirecard.com

IKEA Southeast Asia media contact:

IKEA Southeast Asia
Corinna Schuler
Tel.: +65 9112 4812
Email: corinna.schuler@ikano.asia


Additional content: https://www.presseportal.de/pm/15202/4463547
OTS: Wirecard AG
ISIN: DE0007472060
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