Wirecard shares plummet as it announces €1.9bn of missing cash
EY couldn’t find the cash balances — which represent roughly a quarter of its balance sheet.
EY couldn’t find the cash balances — which represent roughly a quarter of its balance sheet.
German regulator alleges Wirecard gave “misleading signals” for its stock market price.
The firm is central to whistleblower claims that Wirecard fraudulently inflated sales & profits.
Six-month investigation into the German firm encounters stumbling blocks.
The two firms will work on Visa’s Fintech Fast Track Program in the Middle East.
Merchants will be able to find “assistance packages” through the platform.
European merchants can integrate WeChat Pay “in just a few minutes”.
Also this week, Wirecard teamed with Southeast Asian ride-sharing firm Grab.
The partnership will begin in Malaysia, the Philippines and Singapore.
Raiffeisen Bank will use Wirecard to process payments across 13 Eastern European countries.
Earlier this year, white-collar crime investigators raided Wirecard’s offices in Singapore.
Romanian Libra Internet Bank is acting as local acquirer.
SoftBank invests in Wirecard, Tencent in Argentinian Uala, and other Visa news.
Figure Eight acquired by Appen, T-mobile launches checking account, and RBS’ digital bank picks Mambu.
Wirecard is struggling amidst fraud investigations.
One employee has been suspended until the inquiries conclude.
Alipay and the like will be offered at 150 businesses in the beginning.
Follows on from accounting investigation in Singapore.
Consumers will be able to pay with the app in over 30 stores.
The firm had previously called reports “inaccurate, misleading and defamatory”.