To expand its retail footprint in India, FedEx Express, a subsidiary of Memphis, TN-based FedEx Corp, signed an agreement with Germany’s digital finance technology company Wirecard to offer an increased number of local access points.
In the first phase, FedEx launched operations across 200 of Wirecard’s retail agent outlets across five states of South India and New Delhi, and will expand to 1,000 locations within the Wirecard SmartShop network by the end of 2018. This is in addition to the existing 680 FedEx retail access points across India. Wirecard said, “Throughout 2018, the number of outlets – within Wirecard’s more than 150,000-location strong SmartShop network – offering FedEx services will grow rapidly.”
Philip Cheng, vice president, ground operations for FedEx Express in India, commented, “Retail is one of India’s fastest growing sectors, and is projected to grow from $70.45 billion in 2016 to $111.25 billion in 2019. Wirecard, with its robust network of retail outlets and a wide base of customers, is an ideal fit for FedEx and provides customers with enhanced access to our international and domestic shipping solutions. With this alliance, FedEx customers can now take advantage of package pickup and drop-off services across select Wirecard SmartShop network stores.”
Last updated: December 26th, 2025
