• About
  • Subscribe
  • Contact
Thursday, May 8, 2025
    Login
  • Management Leadership
    • Growth Strategies
    • Finance
    • Operations
    • Sales and Marketing
    • Careers
  • Technology
    • Infrastructure and Platforms
    • Business Applications and Databases
    • Big Data, Analytics and Intelligence
    • Security
  • Industry Verticals
    • Finance and Insurance
    • Manufacturing
    • Logistics and Transportation
    • Retail and Wholesale
    • Hospitality and Tourism
    • Government and Public Services
    • Utilities
    • Media and Telecommunications
  • Resources
    • Whitepapers
    • PodChats
    • Videos
  • Events
No Result
View All Result
  • Management Leadership
    • Growth Strategies
    • Finance
    • Operations
    • Sales and Marketing
    • Careers
  • Technology
    • Infrastructure and Platforms
    • Business Applications and Databases
    • Big Data, Analytics and Intelligence
    • Security
  • Industry Verticals
    • Finance and Insurance
    • Manufacturing
    • Logistics and Transportation
    • Retail and Wholesale
    • Hospitality and Tourism
    • Government and Public Services
    • Utilities
    • Media and Telecommunications
  • Resources
    • Whitepapers
    • PodChats
    • Videos
  • Events
No Result
View All Result
No Result
View All Result
Home News Stories

IKEA deploys Wirecard’s in-store installment plan solution in Malaysia

FutureCIO Editors by FutureCIO Editors
December 20, 2019
Photo by Pixabay from Pexels

Photo by Pixabay from Pexels


Wirecard
 has launched its in-store installment payment plan in Malaysia where IKEA has already integrated the solution into its checkout terminals. 

IKEA can now provide in-store customers the option to pay by installment without any of the usual hassle that comes with such financing. Customers select how they want to pay directly at the checkouts, and merchants like IKEA can use Wirecard’s unified solution to process all payment options through a single in-store terminal. This saves time and simplifies the process for both customer and merchants. 

IKEA Southeast Asia’s Deputy Retail Manager, Gerard Jansen, said, “We are pleased to take this next step in our collaboration with Wirecard as they launch their in-store installment plan solution in Malaysia. The new feature gives our customers an added bit of flexibility and convenience – and contributes to a seamless shopping experience.” 

A 2018 global survey by BigCommerce found that the ability to finance a purchase would influence the ultimate decision of 45% of shoppers. Wirecard currently offers in-store and online installment plans for certain geographies, including Germany and Singapore, with plans to continuously expand the offering. Following the launch in Malaysia, Wirecard will be rolling out the solution to IKEA stores in – Thailand and Singapore. More consumers will be able to take advantage of the installment payment solution, making it easier for them to pay for larger purchases. In addition, the merchant benefits from improved customer satisfaction and retention. 

“IKEA is known for its quality and affordable furniture, and we are excited to offer our installment payment solution to the IKEA franchise in Southeast Asia,” said Jeffry Ho, Regional Managing Director, at Wirecard. “The partnership is a win-win for all stakeholders in the payment ecosystem. With the new solution, customers can opt to spread their payments over a certain period at no additional cost, while boosting customer satisfaction for IKEA Malaysia at checkout. We look forward to bringing the new solution to other IKEA stores across the region.” 

The new feature allows customers in Malaysia to pay for big-ticket items at the IKEA stores and is available to all users who hold a credit card from any of the participating banks. There are different tenure options available, and a minimum transaction of MYR500 is required for customers purchasing at any IKEA stores in Malaysia to be eligible for the installment payment plan.

Related:  Neat partners with Google Meet to enhance video meetings
Tags: financeIKEAWirecard
FutureCIO Editors

FutureCIO Editors

No Result
View All Result

Recent Posts

  • Experts warn against AI-powered deepfake impersonation scams
  • Dropbox updates universal search and knowledge management product
  • Agentic AI-powered AppSec platform launched for the AI era
  • IDC forecasts GenAI alone will grow at a 59.2% CAGR
  • Dataiku brings new AI capabilities to create and control AI agents

Live Poll

Categories

  • Big Data, Analytics & Intelligence
  • Business Applications & Databases
  • Business-IT Alignment
  • Careers
  • Case Studies
  • CISO
  • CISO strategies
  • Cloud, Virtualization, Operating Environments and Middleware
  • Computer, Storage, Networks, Connectivity
  • Corporate Social Responsibility
  • Customer Experience / Engagement
  • Cyber risk management
  • Cyberattacks and data breaches
  • Cybersecurity careers
  • Cybersecurity operations
  • Education
  • Education
  • Finance
  • Finance & Insurance
  • FutureCISO
  • General
  • Governance, Risk and Compliance
  • Government and Public Services
  • Growth Strategies
  • Hospitality & Tourism
  • HR, education and Training
  • Industry Verticals
  • Infrastructure & Platforms
  • Insider threats
  • Latest Stories
  • Logistics & Transportation
  • Management Leadership
  • Manufacturing
  • Media and Telecommunications
  • News Stories
  • Operations
  • Opinion
  • Opinions
  • People
  • Process
  • Remote work
  • Retail & Wholesale
  • Sales & Marketing
  • Security
  • Tactics and Strategies
  • Technology
  • Utilities
  • Videos
  • Vulnerabilities and threats
  • White Papers

Strategic Insights for Chief Information Officers

FutureCIO is about enabling the CIO, his team, the leadership and the enterprise through shared expertise, know-how and experience - through a community of shared interests and goals. It is also about discovering unknown best practices that will help realize new business models.

Quick Links

  • Videos
  • Resources
  • Subscribe
  • Contact

Cxociety Media Brands

  • FutureIoT
  • FutureCFO
  • FutureCIO

Categories

  • Privacy Policy
  • Terms of Use
  • Cookie Policy

Copyright © 2022 Cxociety Pte Ltd | Designed by Pixl

Login to your account below

or

Not a member yet? Register here

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Management Leadership
    • Growth Strategies
    • Finance
    • Operations
    • Sales and Marketing
    • Careers
  • Technology
    • Infrastructure and Platforms
    • Business Applications and Databases
    • Big Data, Analytics and Intelligence
    • Security
  • Industry Verticals
    • Finance and Insurance
    • Manufacturing
    • Logistics and Transportation
    • Retail and Wholesale
    • Hospitality and Tourism
    • Government and Public Services
    • Utilities
    • Media and Telecommunications
  • Resources
    • Whitepapers
    • PodChats
    • Videos
  • Events
Login

Copyright © 2022 Cxociety Pte Ltd | Designed by Pixl

Subscribe