MUNICH and GRASBRUNN, Germany and HONG KONG, August 14 /PRNewswire/ --     Wirecard AG and International Payment Solutions (Shanghai) Limited
("IPS") today announced a strategic alliance to offer joint payment and risk
management services for the European and Chinese eCommerce market. IPS was
the first payment company providing international credit card online real
time payment processing services in China.

The alliance between Wirecard and IPS extends Wirecard's coverage of
China's domestic payment schemes and substantially broadens Wirecard's
service offering for the Asian market. In parallel, IPS' China-based
enterprise customers gain access to all major European domestic payment and
risk-management schemes.

"With China's leading businesses expanding internationally, we experience
an increasing demand for the acceptance of European domestic payment
schemes," said Sunny Cheung, Deputy CEO of IPS. "The alliance allows us to
leverage Wirecard's leading position in the European Internet payment market
and to offer our clients local acquiring and banking services for their
European businesses."

"Our strategic alliance combines the unique geographical strengths of
both companies," said RÃŒdiger Trautmann, COO of Wirecard AG. "Driven by a
rapidly growing economy, more than 2.5 million Chinese tourists traveled to
Europe in 2007, spending an average USD 5,000 per visit. The ability to
accept payments from Chinese consumers through their payment method of choice
is a significant competitive advantage not only for our customers in the
travel industry."

Home to what is the largest online population in the world at over 253
million users(1), China is a market full of potential not only for domestic
ecommerce sites, but increasingly for international retailers and travel
sites alike. Although credit card penetration was up by 82% in 2007, only a
small percentage of China's citizens hold a credit card(2). Ecommerce sites
seeking broad access to the Chinese market are thus required to accept cash
payments and to integrate with more than 20 different financial institutions
individually in order to be able to accept China's 1.5 billion domestic debit
cards in circulation.

In parallel to the extraordinary growth of China's ecommerce market,
Chinese businesses are increasingly targeting overseas customers directly
over the Internet. Whether retailers, airlines or travel agents an ever
growing number of Chinese companies is facing the complexities of global
payment acceptance and risk management.

About IPS:

International Payment Solutions (Shanghai) Limited ("IPS") was founded in
2000 as one of the first payment service providers in mainland China. For 8
years IPS has been the trusted payment service provider for millions of card
holders. With transaction volume rising rapidly, IPS has become the
forerunner in the payment service arena.

Currently IPS transacts with all major domestic banks in China as well as
numerous international credit card companies including VISA, MasterCard, JCB,
and Singapore's NETS. IPS has established a good working relationship with
all of them. IPS is also the strongest online payment platform for China
debit cards as it processes tens of thousands online transactions originated
from mainland China, Hong Kong, Macau, and Singapore.

IPS headquarter is located in Shanghai and has offices in Beijing,
Shenzhen, and Hong Kong.

http://www.ips.com.cn

About Wirecard AG:

Wirecard AG is one of the leading international providers of electronic
payment and risk management solutions. Worldwide, Wirecard supports over
9,000 companies from many and various industry segments in automating their
payment processes and minimizing cases of default. Wirecard Bank AG provides
account and credit card services both for business and private customers and
is a Principal Member of VISA, MasterCard and JCB. The Internet payment
service Wirecard enables consumers to make secure payments at millions of
MasterCard acceptance outlets worldwide. In addition, registered users can
send or receive money orders to each other on a real-time basis. Wirecard AG
is listed on the Frankfurt Securities Exchange (TecDAX, ISIN DE0007472060,
WDI).

http://www.wirecard.com
    http://www.wirecardbank.de
    http://www.mywirecard.com

    ---------------------------------

    (1) China Internet Network Information Center (2008)

    (2) Maverick China Research (2008)

    
    Wirecard Media Contact:

    Wirecard PR & IR Office
    Iris Stöckl
    Bretonischer Ring 4
    D-85630 Grasbrunn / Munich
    Germany
    Ph.: +49(0)89-4424-0424
    Fax: +49(0)89-4424-0524
    e-mail:
    iris.stoeckl@wirecard.com
    Internet: http://www.wirecard.de

    IPS Media Contact:

    IPS Marketing Department
    Jason Zhuo
    10F, No. 895
    Yan-an West Rd., Shanghai
    China(P.C.: 200050)
    Ph.: +86(021)62263829-3367
    Fax: +86(021)32120541
    e-mail: media@ips.com.cn
    Internet: http://www.ips.com.cn