Intershop Communications AG | Press Release |
repay.me Selects Intershop as Engine for new Internet Marketplace
- Intershop to help repay.me launch next-generation marketplace for sellers and buyers
- Intershop platform powers unique cashback and cryptocurrency features
Jena, Germany, November 16, 2017 – German startup company repay.me has selected an Intershop platform as the basis for its brand new global C2C marketplace, due to launch in 2018.
repay.me is implementing several B2C modules of the Intershop Commerce Suite. The omni-channel platform, which combines powerful features for customer experience management, product information management, transaction management, and analytics and reporting, will power new-generation Internet marketplace, repay.me.
The marketplace will be accessible through a premium website and a mobile application and will allow users to purchase and sell any product via auction or fixed price – using traditional currencies as well as repay.me’s own cryptocurrency. As a unique feature, users will receive cashback from revenue generated through advertising.
Intershop’s technology will handle all transactions between sellers and buyers, support the marketplace’s international scope and ensure its smooth operation with risk management, content management and content audits. It will also power the unique cashback processes.
repay.me chose the Intershop solution based on a successful proof of concept with a realistic, cloud-based environment. Intershop’s professional services team is now supporting repay.me with the implementation and development of the marketplace.
Mario Peter, CEO at repay.me, comments: “We are impressed with our close cooperation with Intershop. Not only do we have direct access to competent experts at all levels, we are also delighted with how quickly the team has developed the new features. With Intershop, we have a strong partner for our global launch in 2018.”
Jochen Wiechen, CEO at Intershop adds: “Internet marketplaces have huge potential – we have seen this with eBay and Amazon. What they need is a solid technological basis. Our platform provides the functionality and flexibility and thanks to its strong and open architecture, is the perfect foundation for ambitious growth. repay.me and Intershop are a great match: We are very excited to be partnering with repay.me in making their vision of an innovative marketplace for the next generation a reality.”
Intershop Communications AG (founded in Germany 1992; Prime Standard: ISH2) is the leading independent provider of omni-channel commerce solutions. Intershop offers high-performance packaged software for internet sales, complemented by all necessary services. Intershop also acts as a business process outsourcing provider, covering all aspects of online retailing up to fulfillment. Around the globe more than 300 enterprise customers, including HP, BMW, Würth, and Deutsche Telekom run Intershop solutions. Intershop is headquartered in Jena, Germany, and has offices in the United States, Europe, Australia, and China. More information about Intershop can be found online at www.intershop.com.
This news release contains forward-looking statements regarding future events or the future financial and operational performance of Intershop. Actual events or performance may differ materially from those contained or implied in such forward-looking statements. Risks and uncertainties that could lead to such difference could include, among other things: Intershop's limited operating history, the unpredictability of future revenues and expenses and potential fluctuations in revenues and operating results, significant dependence on large single customer deals, consumer trends, the level of competition, seasonality, risks related to electronic security, possible governmental regulation, and general economic conditions.