Posted on 12/17/2018 at 08:00
DHgate based in China is the world’s largest online wholesale platform
Wirecard, the global innovation leader in digital financial technology, and DHgate, the world’s largest online wholesale marketplace, have entered into a partnership to enable digital payments outside of China. DHgate is the leading Chinese B2B and B2C e-commerce platform. Both businesses and individual consumers can buy goods directly from factories at a lower price than retail. Wirecard will provide acquiring services to Camel Financial, the exclusive financial solution partner to DHgate, enabling the acceptance of a wide range of payment methods for goods offered on the DHgate platform.
DHgate is used by 1.6 million suppliers globally, connecting them to more than 10 million enterprise buyers as well as 16 million consumers from over 230 countries and territories. DHgate is especially dedicated to serving small and medium sized retailers globally, offering a one-stop solution for businesses seeking to reach a global customer market. DHgate integrates the whole ecosystem from international logistics to payment. As a result, the entry barriers for SMEs to compete in global markets are lowered.
More than 30 million products are available on DHgate, covering a wide range of categories, including apparel & accessories, computers & networking, consumer electronics, toys & hobbies, health & beauty, auto and more. DHgate records one transaction every 3 seconds. In addition to payment services, Wirecard will also support Camel Financial with lending and factoring services in the future.
“We are delighted about the new cooperation with Wirecard as we always strive to meet the financial needs of e-commerce and trade enterprise customers,” said Juanita Lee, Director of Global Partnerships at Camel Financial. “Our integration into Wirecard’s payment ecosystem and technical infrastructure will allow us to continue exceeding the expectations of our clients, and to create a more open and connected international trade network.”
“There is tremendous potential in partnering with Camel Financial and bringing our digital solutions to DHgate, a leading global e-commerce platform,” added Georg von Waldenfels, EVP of Group Business Development at Wirecard. “As the leader in digital financial technology, we are proud to offer our solutions to millions of suppliers and merchants on the DHgate platform, and are looking forward to jointly developing further services with Camel Financial for DHgate as well as other Chinese and international e-commerce sites.”Download Press Release