Wirecard

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Retail Asia09/05/2022

A former CEO of German fintech Wirecard is joining a Zurich-based startup. Blockchain fintech FQX is hiring James Freis as a regulatory technology officer, it said in an emailed statement Friday. Freis helped uncover fraudulent activities at Wirecard, going on to lead the company as its CEO. His ties to the payments company, which continues to be at […]

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Retail Asia15/03/2022

Three ex-Wirecard bosses could face ten years in prison after prosecutors issue indictments, while one former executive is still on the run. In June 2020, German fintech Wirecard was forced to admit that there was a 1.9 billion euros ($2.2 billion) hole in its balance sheet, leading to bankruptcy proceedings. Now, three former heads of […]

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Retail Asia07/06/2021

The Wirecard scandal continues to unravel as authorities in the Philippines file criminal complaints against its former chief operating officers and others. The Philippine’s National Bureau of Investigation (NBI) filed criminal complaints against individuals involved in the Wirecard scandal over accused violation of banking, cybercrime and e-commerce laws, according to a report citing a text message […]

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Retail Asia19/04/2021

Following a spectacular collapse, Wirecard is disposing of its assets in the region, leaving only its business in India. The insolvent German firm has agreed to sell its legal entities in the Philippines, Malaysia, Hong Kong, and Thailand as well as the company’s regional data warehouse in Singapore to Nomu Pay. The deal includes Wirecard’s […]

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Retail Asia23/12/2020

The firm was ordered to cease payment services in the country in October, and to return all customers’ funds, amid an investigation into missing funds. Payments services provider Wirecard is seeking a buyer for its Singapore entity and has at least one party interested in acquiring the business, according to a report on Tuesday. The […]

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Retail Asia02/10/2020

The ability of its Singapore entities to continue providing payment services here has been affected, following its parent company’s insolvency filing in Germany. The Monetary Authority of Singapore (MAS) has ordered Wirecard Singapore to cease payment services in the country and to return all customers’ funds by 14 October 2020, the regulator said in an announcement […]

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Retail Asia24/08/2020

The collapsed German fintech’s sacked operating chief went to the extreme – and adventurous – lengths to bamboozle auditors, according to a German report. Jan Marsalek – recently added to Interpol’s most-sought fugitives list after going AWOL in June – led more than one life: by day, the 40-year-old Austria was the right-hand-man to Wirecard boss Markus […]

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Retail Asia10/08/2020

A Singaporean director of Citadelle Corporate Services has been charged for falsifying letters related to Wirecard. R. Shanmugaratnam, a director of Citadelle, has been charged by Singapore authorities for «willfully and with intent to defraud» falsifying letters from Citadelle to Wirecard representing that it held money in an escrow account when it did not, as […]

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Retail Asia02/07/2020

The firm is at the center of one of the region’s biggest corporate accounting scandals in recent years, having admitted that €1.9 billion is missing from its financial accounts. Wirecard has informed the Monetary Authority of Singapore (MAS) that it is assessing if it can continue providing its services in Singapore, which include credit card […]

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Retail Asia24/03/2020

Wirecard is expanding its e-commerce offer for Chinese online shoppers by helping European merchants integrate the popular payment method WeChat Pay into their online shop in just a few minutes. Chinese customers can now shop online or in the app of these merchants and check out via WeChat Pay, said Wirecard in a statement on […]

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Retail Asia13/03/2020

The firm will process card transactions made via the GrabPay e-wallet and integrate it as a payment method for its merchants. Wirecard has entered into a payments partnership with Singapore-based superapp Grab to drive the cashless economy for micro, small and medium enterprises (MSMEs) across Southeast Asia, the Munich-based firm announced in a statement on […]

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Retail Asia01/10/2019

Wirecard, a global financial technology company, has signed a Memorandum of Understanding with UnionPay, the world’s largest card scheme, to form a global strategic partnership. The agreement will support UnionPay’s ongoing international expansion and Wirecard’s growth in China and with Chinese businesses, both companies said in a media statement. As the world’s largest card scheme […]

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Retail Asia19/09/2019

Wirecard is expanding its partnership with Mizuho Bank. The scope includes a significant geographic extension, a collaboration on new payout products, and joint digital payment solutions. Wirecard, a global innovation leader for digital financial technology, and Mizuho Bank announced that they are collaborating in more geographies within Asia-Pacific, including Australia, Malaysia, New Zealand, and the Philippines. Globally, […]

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Retail Asia10/05/2019

Japan’s Softbank Group will purchase a 5.6 percent stake in German payments company Wirecard by acquiring convertible bonds worth about 900 million euros ($1 billion), Wirecard said in a statement on Wednesday. «As global innovators, we focus heavily on expanding our networks and creating opportunities for companies with groundbreaking ideas. In SoftBank, we have found a partner that shares […]

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Retail Asia21/12/2018

Wirecard, the global innovation leader in digital financial technology, has deepened its partnership with Singtel’s Dash to support the Dash mobile wallet’s Visa Virtual Account on Apple Pay. From now on, Dash’s customers can make payments using Apple Pay at millions of participating on- and offline merchants worldwide. Brigitte Haeuser-Axtner, Executive Vice President, Sales Asia, […]

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Retail Asia17/08/2017

Wirecard has teamed up with Singtel to support the recent deployment of Singapore’s first Visa virtual card for Singtel’s mobile wallet Dash. Singtel Dash is an all-in-one digital wallet that allows customers to shop, pay transport fares and remit money. Since the launch of the Visa virtual account last month, Singtel Dash’s 500,000 customers have […]

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Retail Asia12/12/2016

JCB, the international operations subsidiary of JCB, CIMB Bank Singapore (“CIMB”), and Wirecard AG (“Wirecard”) are pleased to announce their signing of a License Agreement to begin JCB merchant acquiring services in Singapore. Through the partnership, JCB card acceptance facilities will be available at CIMB merchants. With its ASEAN footprint firmly in place, CIMB is […]

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Retail Asia23/06/2016

Wirecard AG and Verifone have entered into a strategic alliance to rapidly expand the point-of-sale market in Asia Pacific beginning with Indonesia. As the world’s fourth most populous country, Indonesia is considered one of the largest and fastest growing markets for payment solutions according to analysts. The five-year strategic alliance brings together the technology portfolio and […]

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Retail Asia07/12/2015

Wirecard’s Indonesian subsidiary PT Prima Vista Solusi has teamed up with PT Finnet Indonesia and PT Telekomunikasi Selular (Telkomsel) to support the acceptance of contactless, NFC-based electronic money “TCASH” at major retailers with their nationwide network. Customers at the retail stores can pay for their purchases and utility bills using their NFC mobile phones. Wirecard […]

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Retail Asia28/01/2015

German tech company Wirecard has teamed up with an Indonesian bank to roll out new point-of-sale technology for Carrefour Indonesia. Wirecard, with its Indonesian subsidiary PT Prima Vista Solusi and Bank Mega have joined forces to support Carrefour Indonesia with innovative Point-of-Sale (POS) solution with integrated payment capability. Customers in all Indonesian Carrefour retail stores […]

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