When is a financial institution not a financial institution? When it's Wirecard

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IT WOULD have been the quintessential business success story. Founded in Munich in 1999, this small payment processor for online gambling and pornography sites grew so massive that, by 2018, it had displaced Commerzbank from Germany's prestigious Dax 30 index. Read more at The Business Times.

Mon, Aug 03, 2020 - 5:50 AM

Wirecard is regulated in certain jurisdictions for payments services or payments schemes; in yet others, it did not come under government supervision.IT WOULD have been the quintessential business success story. Founded in Munich in 1999, this small payment processor for online gambling and pornography sites grew so massive that, by 2018, it had displaced Commerzbank from Germany's prestigious Dax 30 index.

Source: News Formal (newsformal.com)

 

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