Chinese e-commerce platform XBN has collaborated with German digital payments firm Wirecard to support digital payments outside of China.
Under the partnership, XBN will gain access to global digital payment acceptance services.
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Besides, Wirecard will utilise its SmartShop agent retail network in India to facilitate the expansion of XBN in the country.
Wirecard EVP group business development Georg von Waldenfels said: “There is tremendous potential in partnering with XBN and bringing our global digital payment acceptance solutions to a leading global, rapidly growing e-commerce platform.
“The opportunity, besides leveraging all of our traditional global payment products, is also to expand throughout India and leverage our SmartShop agent network for XBN by bringing digital e-commerce services to consumers in the rural parts of the Indian subcontinent.”
Wirecard’s global approach will enable the e-commerce platform to provide a broader suite of financial services to its suppliers.
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By GlobalDataXBN chairman of the board Xu Danxia said: “The cooperation with Wirecard enables us to combine our strong global e-commerce capabilities and our premium supplier alliances with the world’s most popular digital payment and financial service provider.
“This gives us unlimited potential for growth.”
In addition, XBN covers 45 countries and has over 200,000 registered suppliers.
Last year, the trading volume of the platform was said to be more than $6bn.
