Rakuten Deutschland expands cooperative relationship with Wirecard

Rakuten Deutschland has expanded its existing partnership with Wirecard, offering added payment methods in the process.

Rakuten Deutschland expands cooperative relationship with Wirecard

Rakuten Deutschland, which is an arm of the Japanese platform Rakuten, is a shop software for merchants and a marketplace for end customers in a single solution which also handles payment processing. Currently, over 7,000 suppliers are using the e-commerce platform. It assumes responsibility for the whole process for all connected merchants, from receipt of order to payment.

The partnership has now been extended with regard to its technology in order to better support merchants in terms of customer retention, Wirecard said.

Rakuten Deutschland CPO Frank Hümmer said: “We have already been relying upon Wirecard AG’s payment offers for about ten years now. By offering additional services, merchants and consumers can benefit at the same time, as now even more international payment processes and risk management processes are available. With this, we as a marketplace can cater to even more payment needs in future.”

Marion Laewe, vice president consumer goods at Wirecard, said: “Digital marketplaces such as Rakuten have revolutionised the retail sector with their aggregation model, which brings buyers and sellers together. As a payment service provider and acquiring bank, we positioned ourselves in this exciting environment early on and can now provide tailored offers.”