Wirecard gains Singapore ticketing company SISTIC as a customer

ASCHHEIM - SISTIC, Singapore's leading ticketing services provider, is now making it easier for residents of China to buy tickets to shows, events and concerts in Singapore from the comfort of their home by introducing UnionPay Online Payment (UPOP), in collaboration with China-based UnionPay and Wirecard Bank AG.

Wirecard Bank and SISTIC are the first financial institution and the first merchant to offer this secure online payment option outside of China.

SISTIC will now accept the UnionPay Online Payment solution for all events and shows sold through This includes the 2011 FORMULA 1 SINGTEL SINGAPORE GRAND PRIX (from June, 20)  performances at Singapore’s two world-class integrated resorts, as well as all other SISTIC shows and concerts in Singapore.

Mr Kenneth Tan, SISTIC CEO, commented “This is an important and exciting development. Providing the UnionPay Online Payment system for Chinese nationals enables them to buy tickets to Singapore’s many shows, events and attractions while still in China. This payment option makes it easier and more attractive for more than one million Chinese tourists yearly to plan their stay and choose from a wide range of events, from Lion King to the Singapore Grand Prix and many others.”

According to the Singapore Tourism Board’s Fact Sheet: Tourism Performance for Jan-Dec 2010, Singapore’s Shopping, Sightseeing & Entertainment and Accommodation tourism sector generated $12.5 billion dollars in tourism receipts in 2010, with Chinese visitors being the second largest group, at just over one million visitors.

Mr. Cai Jianbo, First executive president of China UnionPay says:”Wirecard Bank AG is the first bank to provide UnionPay Online Payments outside of China. We are looking forward to enhancing our co-operation to serve our valued customers.”

Dr. Markus Braun, CEO of Wirecard AG emphasizes: “We are excited about UnionPay’s new online payment solution and about Wirecard Bank being the first financial institution outside of China to offer this service to its customers. Furthermore we are happy to work with SISTIC as our initial launch partner for this new service.”

“I extend my congratulations to SISTIC on its partnership with China UnionPay. The Chinese are avid travellers and increasingly, we are seeing more Free Independent Travellers (FIT) plan their trips with online purchases of airline tickets, hotel accommodation and general sightseeing activities. With this new partnership, thousands of shows, performances and events are now available to them and visitors can essentially now plan and customise their travel itinerary to Singapore without leaving the comfort of their homes.” Said Mr Edward Koh, Regional Director of Greater China, Singapore Tourism Board (STB).

SISTIC sells tickets to events, including pop concerts, musicals theatre and family entertainment, and sports through its authorized agents in Singapore, Malaysia, and Indonesia.

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