The hasty unravelling of one of Europe’s leading FinTech companies, Wirecard, has huge consequences for cardholders and merchants
Wirecard, the payments group, filed for insolvency on Monday 22 June 2020 after it admitted that €1.9bn in cash probably did “not exist”. On Tuesday 23 June, Wirecard’s recently departed chief executive, Markus Braun, was arrested by police.
by Mark Beresford | Jul 02, 2020