Wirecard Gains Singapore Ticketing Company SISTIC as a CustomerBy Wirecard Ag, PRNE
Tuesday, June 7, 2011
MUNICH and SINGAPORE, June 8, 2011 -
- to Process UnionPay Payments
- Wirecard Bank and SISTIC the First Financial Institution and First
Merchant to Offer the UnionPay Online Payment Solution
SISTIC, Singapore's leading ticketing services provider, is now making it
easier for residents of China to buy tickets to shows, events and concerts in
Singapore from the comfort of their home by introducing UnionPay Online
Payment (UPOP), in collaboration with China-based UnionPay and Wirecard Bank
Wirecard Bank and SISTIC are the first financial institution and the
first merchant to offer this secure online payment option outside of China.
SISTIC will now accept the UnionPay Online Payment solution for all
events and shows sold through www.sistic.com.sg. This includes the
2011 FORMULA 1 SINGTEL SINGAPORE GRAND PRIX (from June, 20) performances at
Singapore's two world-class integrated resorts, as well as all other SISTIC
shows and concerts in Singapore.
Mr Kenneth Tan, SISTIC CEO, commented "This is an important and exciting
development. Providing the UnionPay Online Payment system for Chinese
nationals enables them to buy tickets to Singapore's many shows, events and
attractions while still in China. This payment option makes it easier and
more attractive for more than one million Chinese tourists yearly to plan
their stay and choose from a wide range of events, from Lion King to the
Singapore Grand Prix and many others."
According to the Singapore Tourism Board's Fact Sheet: Tourism
Performance for Jan-Dec 2010, Singapore's Shopping, Sightseeing &
Entertainment and Accommodation tourism sector generated $12.5 billion
dollars in tourism receipts in 2010, with Chinese visitors being the second
largest group, at just over one million visitors.
Mr. Cai Jianbo, First executive president of China UnionPay
says: "Wirecard Bank AG is the first bank to provide UnionPay Online Payments
outside of China. We are looking forward to enhancing our co-operation to
serve our valued customers."
Dr. Markus Braun, CEO of Wirecard AG emphasizes: "We are excited about
UnionPay's new online payment solution and about Wirecard Bank being the
first financial institution outside of China to offer this service to its
customers. Furthermore we are happy to work with SISTIC as our initial launch
partner for this new service."
"I extend my congratulations to SISTIC on its partnership with China
UnionPay. The Chinese are avid travellers and increasingly, we are seeing
more Free Independent Travellers (FIT) plan their trips with online purchases
of airline tickets, hotel accommodation and general sightseeing activities.
With this new partnership, thousands of shows, performances and events are
now available to them and visitors can essentially now plan and customise
their travel itinerary to Singapore without leaving the comfort of their
homes." Said Mr Edward Koh, Regional Director of Greater China, Singapore
Tourism Board (STB).
SISTIC sells tickets to events, including pop concerts, musicals theatre
and family entertainment, and sports through its authorized agents in
Singapore, Malaysia, and Indonesia.
About Wirecard AG:
Wirecard AG is one of the leading international providers of electronic
payment and risk management solutions. Worldwide, the Wirecard Group supports
over 12,000 companies from various industry segments in their efforts to
automate their payment processes and minimize cases of default. Wirecard Bank
AG is a Principal Member of Visa, MasterCard and JCB and operates as a credit
card acquirer in 69 countries around the world, involving over 100
transaction currencies and 15 payout currencies. Part of the Wirecard Group,
Wirecard Bank provides innovative solutions in the fields of corporate
banking, prepaid and co-branded cards, along with account products for both
business and private customers. Wirecard AG is listed on the Frankfurt
Securities Exchange (TecDAX, ISIN DE0007472060, WDI).
www.wirecard.com | www.wirecardbank.com |
Wirecard Media Contact: Wirecard AG Iris Stöckl Einsteinring 35 D-85609 Aschheim / Munich Germany Ph.: +49(0)89-4424-1424 Fax: +49(0)89-4424-2424 e-mail: firstname.lastname@example.org
Tags: Germany, June 8, Munich And Singapore, Singapore, Wirecard AG