REWE Group launches payment technology subsidiary

Friday 2 July 2021 12:17 CET | News

The Germany-based retail and tourism co-operative group REWE Group has announced the introduction of its new payment technology subsidiary ‘paymenttools’ which will develop a B2B payment platform for customers and partners. 

The company has previously launched digitisation projects and subsidiaries, such as Commercetools, for example, which offers an ecommerce solution based on API and microservices. REWE Group has been operating its own payment network since 2012 and now plans to build a scalable payment platform for retail.

The REWE Group will offer ‘paymenttools’ for the digital and stationary purchase of groceries and travel and the handling of the payment process from one source. According to a REWE Group representative, this launch allows the company to assist all stages of the omnichannel customer experience and is an important step with regard to our diversification strategy.

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Keywords: product launch, payment processing, ecommerce, omnichannel payments solution
Categories: Payments & Commerce | Payments General
Countries: Germany
This article is part of category

Payments & Commerce