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Wirecard launching digital installment payment in Germany

Oct. 11, 2019 2:31 PM ETWirecard AG (WCAGY) StockWRCDF, WCAGYBy: Jason Aycock, SA News Editor2 Comments
  • Wirecard (WCAGY +1.7%) is beginning digital installment payments in Germany, a move that it expects will enable merchants to boost e-commerce sales.
  • Customers will be able to pay in installments while the merchant will be able to see full settlement when the shopper completes their order, Wirecard says.
  • Some 58% of German customers consider paying in installments for online shopping, the company notes.
  • It expects transaction volumes of more than €3B in the first years after launch.

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