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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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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 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,…
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…
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…
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.…
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