Digital payments platform and e-merchant solutions provider Wirecard has confirmed that it will ‘assume complete end-to-end’ responsibility for the entire payment cycle of German retailer Apollo.
Apollo is Germany’s largest optical retailer, operating a network of 860-stores nationwide.
In its update, Wirecard informs that it has been commissioned to deliver a tailored ‘retail-to-digital’ seamless payment system, which will support Apollo’s customer rewards and ‘flexible delivery’ services.
In addition to processing payments in accordance with the requirements of PCI Security Standards, Wirecard will add further security provisions, with all Apollo transactions undergoing comprehensive AI-based risk management checks such as fraud detection and 3D Secure.
The partnership sees Wirecard significantly boost its German retail profile, servicing an e-commerce market valued at €63 billion.
“We not only help Apollo to develop its online business, but also to reach its customers across all touchpoints,” said Christian Reindl, EVP Retail & Consumer Goods at Wirecard.
“We want to enable an optimal online experience. This includes the online ordering and payment process, as well as delivery to the customer’s selected location. Wirecard is Apollo’s digital financial technology partner. We understand the demands of unified commerce and help to optimize processes. With our customized solution, we ensure a smooth and efficient payment process and offer the kind of checkout that customers expect from a modern online shop.”