Wirecard Singapore set to return all customers' funds by today
Wirecard Singapore is on track to return all customers’ funds by today after it was ordered to cease its payment services last month. [...]
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TransferWise doubles annual profit, adds millions of customers
LONDON (BLOOMBERG) – TransferWise said annual profit more than doubled as it attracted millions of new customers with an expansion of its money-transfer [...]
Scandal-hit Wirecard to be removed from Germany's DAX index with rule change
FRANKFURR (BLOOMBERG) – After Wirecard’s collapse, Deutsche Boerse is replacing the payment company in its DAX benchmark ahead of the quarterly index review. [...]
Ex-Wirecard CEO rearrested on claims he hid massive losses for years
MUNICH (BLOOMBERG) – Former Wirecard chief executive officer Markus Braun and two other former company officials were arrested as prosecutors said the company [...]
Blockchain-based payments network jointly developed by MAS on track for commercial use
SINGAPORE – Singapore has developed a blockchain-based payments network that enables payments to be carried out in different currencies on the same network, [...]
MAS says Wirecard assessing ability to continue offering services in Singapore
SINGAPORE (REUTERS) – Singapore’s central bank said on Tuesday (June 30) that German payment firm Wirecard’s local entities had informed it that they [...]
Wirecard says it will continue operating despite filing for insolvency
FRANKFURT AM MAIN/BERLIN (AFP, REUTERS) – German payments provider Wirecard said on Saturday (June 27) that it would continue to operate despite filing [...]
Payment giant Wirecard collapses, owing creditors US$4 billion
BERLIN/MUNICH • Wirecard collapsed yesterday, owing creditors almost US$4 billion (S$5.5 billion) after disclosing a gaping hole in its books, in Germany’s worst [...]