German payments firm Wirecard is considering buying back shares following its pa...
FRANKFURT - German payments firm Wirecard is considering buying back shares following its partnership with Japan’s Softbank Group which it said on Wednesday had already created leads for potential cooperation in digital payments.
“We have already started very quickly to make this partnership happen,” Braun told analysts on a conference call after Wirecard reported a 41 percent increase in first-quarter core profits, helping to lift its shares price. Wirecard won a ‘clean’ opinion from auditor EY for its annual results, but said it would tighten up on compliance after finding shortcomings in the handling of software licenses issued to its partners.
Uber, on the brink of a $90 billion U.S. market listing has, however, just taken a $500 million investment from rival payments company Paypal. Its shares rose 4 percent in Frankfurt trading following the results with some analysts also hailing the potential from the Softbank alliance.
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