ASCHHEIM, Germany, April 9, 2018 /PRNewswire/ --
- 1,000 Wirecard retail agent
outlets to offer FedEx
services by the end of 2018
FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) and the
world's largest express transportation company, today announced a
strategic alliance with Wirecard, a leading international provider
of digital financial technology, to offer an increased number of
local access points and expand its retail footprint in India. In the first phase, FedEx launched
operations across 200 of Wirecard's retail agent outlets and will
expand to 1,000 locations within the Wirecard SmartShop network by
the end of 2018.
The association with Wirecard is part of the retail expansion
through the FedEx Authorized Ship Centre (FASC) program, which
provides customers with convenient and secure pickup and drop-off
services. Some 200 of Wirecard's retail agent outlets offering
FedEx services are already in operation across five states of
South India and New Delhi. This is in addition to the existing
680 FedEx retail access points across India.
Throughout 2018, the number of outlets - within Wirecard's more
than 150,000-location strong SmartShop network - offering FedEx
services will grow rapidly. Wirecard's SmartShop network spans
across the entire Indian sub-continent and provides consumers with
digital financial services and ancillary products relevant for
their daily lives. Wirecard offers its services through this
network, close to where its customers live or work.
"Retail is one of India's
fastest growing sectors, and is projected to grow from USD 70.45 billion in 2016 to USD 111.25 billion in 2019. Wirecard, with its
robust network of retail outlets and a wide base of customers, is
an ideal fit for FedEx and provides customers with enhanced access
to our international and domestic shipping solutions. With this
alliance, FedEx customers can now take advantage of package pickup
and drop-off services across select Wirecard SmartShop network
stores," said Philip Cheng, Vice
President, Ground Operations for FedEx Express in India.
"We are delighted to be working with FedEx Express and to
further increase our portfolio of products and services for our
consumers, which are convenient and relevant in their daily lives,"
said Georg von Waldenfels, Executive
Vice President Consumer Solutions and Member of the Board of
Wirecard in India. "To add
shipping services to our existing digital financial products like
payment services for travel and utilities or remittances, supports
our mission and growth strategy in India."
Since entering the market as an independent service provider in
1997, FedEx has continued to strengthen its international and
domestic services in India. In
addition to the global air and ground network in 220 countries and
territories, FedEx operates a comprehensive ground transportation
system with more than 1,000 vehicles that connect more than 19,000
pin codes across India with
services that effectively covers 90% of the country's GDP.
About Wirecard:
Wirecard AG is a global technology group that supports companies
in accepting electronic payments from all sales channels. As a
leading independent supplier, the Wirecard Group offers outsourcing
and white label solutions for electronic payments. A global
platform bundles international payment acceptances and methods with
supplementary fraud prevention solutions. With regard to issuing
own payment instruments in the form of cards or mobile payment
solutions, the Wirecard Group provides companies with an end-to-end
infrastructure, including the requisite licences for card and
account products. Wirecard AG is listed on the Frankfurt Securities
Exchange (TecDAX, ISIN DE0007472060, WDI). For further information
about Wirecard, please visit http://www.wirecard.com or follow us
on twitter @wirecard.
About FedEx Express:
FedEx Express is the world's largest express transportation
company, providing fast and reliable delivery to more than 220
countries and territories. FedEx Express uses a global
air-and-ground network to speed delivery of time-sensitive
shipments, by a definite time and date with a money-back
guarantee.
About FedEx Corp.:
FedEx Corp. (NYSE: FDX) provides customers and businesses
worldwide with a broad portfolio of transportation, e-commerce and
business services. With annual revenues of $64 billion, the company offers integrated
business applications through operating companies competing
collectively and managed collaboratively, under the respected FedEx
brand. Consistently ranked among the world's most admired and
trusted employers, FedEx inspires its more than 425,000 team
members to remain 'absolutely, positively' focused on safety, the
highest ethical and professional standards and the needs of their
customers and communities. To learn more about how FedEx connects
people and possibilities around the world, please
visit about.fedex.com.
Wirecard media contact:
Wirecard AG
Jana Tilz
Tel.: +49(0)89-4424-1363
E-mail: jana.tilz@wirecard.com