Wirecard Explained

Wirecard AG
Type:Aktiengesellschaft
Predecessors:--> InfoGenie AG
(until 6 April 2005)
Fate:Insolvent
Location:Aschheim, Bavaria, Germany
Areas Served:--> Worldwide
Key People:Thomas Eichelmann
(chairman of the supervisory board)
Industry:Financial services
Payment processor
Technology
Genre:Financial
Revenue: €2.02 billion (under question)
(US$2.31 billion)
Revenue Year: 2018[1]
Profit:--> €347.4 million (under question)
(US$397.7 million)
Profit Year:--> 2018
Assets: €5.855 billion (under question)
(US$6.697 billion)
Assets Year: 2018
Num Employees:5,300
Num Employees Year: Jun 2019[2]
Products:Electronic payment processing
Banking
Card issuance
Mobile payment
Risk management
Homepage:www.wirecard.com

Wirecard AG is an insolvent[3] German payment processor and financial services provider whose former CEO, COO, two board members, and other executives have been arrested or otherwise implicated in criminal proceedings.[4] In June 2020, the company announced that €1.9 billion in cash was missing. It owed €3.2 billion in debt. In November 2020, the company was dismantled after it sold the assets of its main business unit to Santander Group for €100 million. Other assets, including its North American, UK and Brazilian units had been previously sold at nondisclosed prices.[5] The company offered electronic payment transaction services and risk management, and issued and processed physical and virtual cards. As of 2017, the company was listed on the Frankfurt Stock Exchange, and was a part of the DAX stock index from September 2018 to August 2020.

The company is at the center of an international financial scandal. Allegations of accounting malpractices had trailed the company since the early days of its incorporation, reaching a peak in 2019 after the Financial Times published a series of investigations along with whistleblower complaints and internal documents. On 25 June 2020, Wirecard filed for insolvency following revelations that an amount of €1.9 billion was "missing".[6] [7] Long-time CEO Markus Braun subsequently resigned and was later arrested. Former COO Jan Marsalek disappeared, after being fired from his position and board seat, and remains a fugitive wanted by the German police. He has been on Europe's Most Wanted list since 2020.[8]

On 25 August 2020, the court-appointed insolvency administrator issued a statement that "under the preliminary insolvency administration, it has since been possible to stabilize the ongoing business and create a basis for its continuation." The statement mentioned how "far-reaching cuts are therefore necessary in order to make any kind of continuation possible" and announced the impending layoff of around 730 employees, in addition to all members of the management board.[9]

In March 2022, Munich public prosecutors charged former CEO, Markus Braun, with fraud, breach of trust and accounting manipulation. If found guilty on all these charges, he could face up to 15 years in prison.[10] Braun was held in the Stadelheim prison as a pre-trial custody until the trial began.[11]

History

Founding and early business model

Wirecard was founded in 1999 and took care of the technical processing of credit card payments for online vendors. According to the Spiegel, it initially "consisted primarily of porno and gambling sites".[12] In 2002, when it was close to folding at the end of the dot-com bubble, Markus Braun injected capital and joined as CEO. He consolidated the company and focused the business model on providing internet payment services, initially mainly to porn and gambling websites.[13]

Stock listing and relation to InfoGenie AG

The predecessor company of Wirecard regarding the IPO was InfoGenie AG based in Berlin, whose shares had been listed in the Neuer Markt stock market segment since October 2000. This company was active as an information service provider offering telephone advice hotlines on various topics.[14] When the shares became penny stocks following price losses, the stock exchange operator Deutsche Börse wanted to exclude InfoGenie from the Neuer Markt, which was prohibited by court in April 2002.[15] In mid-December 2004, an extraordinary general meeting of InfoGenie decided to transfer the non-listed Wirecard, whose core business was real-time payment processing on the Internet including risk assessment, to InfoGenie AG by way of a capital increase against investment in kind on 1 January 2005, and to rename InfoGenie to Wire Card. Thus, Wire Card became a stock corporation listed in the Prime Standard stock market segment through a reverse IPO.[16] In 2006, Wirecard was included in the TecDAX[17] and in September 2018 in the DAX.[18]

International expansion

Wirecard Asia Pacific was founded in Singapore in 2007.[19] In 2008, Wirecard introduced virtual prepaid credit cards for online payments[20] and in the following year[21] a fraud prevention suite for fraud detection.[22] In 2014, Wirecard expanded to New Zealand, Australia,[23] South Africa[24] and Turkey.[25] With the purchase of Prepaid Card Services from Citigroup, Wirecard also began to be represented in the United States in 2016.[26] In the same year, the company acquired a South American Internet payment service provider in Brazil.[27] In 2019, SoftBank invested in Wirecard.[28] [29] With the acquisition of AllScore Payment Services from Beijing, Wirecard also began to be represented in China as of November 2019.[30]

Scandal and insolvency

See main article: Wirecard scandal. Beginning in April 2015, the Financial Times blog FT Alphaville wrote a series of blog posts that questioned Wirecard's business model and criticised the company's accounting practices.[31]

In February 2016, the 101-page "Zatarra Report"[32] appeared, documenting alleged fraud and money laundering at Wirecard. It was co-written by British short sellers Fraser Perring of Viceroy Research and Matthew Earl of ShadowFall, who sent the report to the German financial agency BaFin. On the urging of Wirecard, BaFin and Bavarian prosecutors then initiated criminal investigations against Perring and other short sellers for market manipulation. The cases were dropped in March 2020.[33] In February 2017, the German Manager Magazin published a lengthy article about Wirecard in which it alleged misleading reporting practices.

On 30 January 2019, Wirecard shares plunged after the Financial Times reported that a senior executive was suspected of "falsification of accounts" and "money laundering" and round-tripping in the company's Asia-Pacific operations.[34] Wirecard issued a statement calling the report "false, inaccurate, misleading and defamatory".[35] Wirecard also announced a lawsuit against the Financial Times for "unethical reporting" and a lawsuit for market manipulation.[36] [37]

The public prosecutor's office Munich I in February 2019 launched criminal investigations against Financial Times journalist Dan McCrum because of alleged violations of the German Securities Trading Act (Wertpapierhandelsgesetz, WpHG).[38] The German Federal Financial Supervisory Authority BaFin banned short selling Wirecard shares on 18 February 2019 until 18 April 2019. According to BaFin, the measure was not meant to take sides in the controversy between Wirecard and the Financial Times.[39] On 15 October 2019, the Financial Times published documents which it claimed to be Wirecard's internal accounting spreadsheets.[40]

In 2019, the accounting firm KPMG was hired by Wirecard for an independent audit to address the mentioned allegations. In March 2020, Wirecard claimed that KPMG concluded that no discrepancy was determined during the audit.[41] However, on 28 April 2020 the auditor KPMG announced that it had not received sufficient documentation to address all allegations of accounting irregularities, with Wirecard shares tumbling 26%.[42] London Based Hedge-Fund TCI and others shortsellers like Armin S. filed criminal complaints against Wirecard.[43] [44] On 5 June, Wirecard's headquarters were searched by police as part of a criminal investigation into potentially misleading statements to investors by CEO Markus Braun and three other board members regarding the audit.[45] The company then reported on 18 June 2020 that €1.9 billion was missing in cash from the company's accounts, this following an audit by Ernst & Young.[46] Braun resigned as CEO the following day, to be replaced by James Freis.[47] Over two days, the company's stock fell 72%.[48] On 22 June 2020, Braun was arrested by German police under accusations of "inflating Wirecard AG's sales volume with fake income".[49] On 11 September 2020, Freis announced in an email that he had stepped down from the CEO position, after 85 days, with immediate effect.[50]

In January 2020, Wirecard announced that a contract extension would be offered to chief executive Markus Braun.[51] [52] At the same time, its long-time chairman stepped aside. In April, an auditor found questionable accounting practices. According to auditing firm Ernst & Young, a trustee of Wirecard tried to "deceive the auditor", resulting in the bank processor being unable to release the share results for 2019. In a statement, Wirecard announced that it was "working intensively together with the auditor towards a clarification of the situation".[53]

In June 2020, it was revealed that €1.9 billion was "missing". As a result, Wirecard's share value decreased by over 72%, and its CEO, Markus Braun, resigned.[54] Wirecard appointed James Freis to the position on an interim basis. Freis had only joined the company the evening before. A few days later, the management board stated that the €1.9 billion amount likely did not exist.[55] Two banks in the Philippines who were allegedly holding the money said that they did not have the sum and never did.[56] The firm's Moodys credit rating was demoted to B3 on 19 June 2020, before this rating was removed entirely 3 days later.[57]

A criminal investigation began on 22 June 2020;[58] Wirecard's recently resigned CEO, Markus Braun, was arrested the same day.[59] On 25 June, Wirecard filed for bankruptcy, citing "over-indebtedness".[60] On 25 August 2020, the firm's administration axed the contracts of its chief executive manager as well as two additional managers. Furthermore, 730 company staff were also cut.[61] In September 2020, the German parliament announced that it would organize an inquiry in order to fully investigate the reasons why the government failed to prevent the corporate fraud.[62]

The UK Financial Conduct Authority froze the activities of Wirecard's British subsidiary, Wirecard Card Solutions Limited, between 26 June 2020 and 30 June 2020, after which Wirecard UK operations were allowed to resume, albeit with restrictions.[63] [64] Singapore's central bank, the Monetary Authority of Singapore (MAS), announced in September 2020 that it has directed Wirecard's Singapore branch to stop their payment services there, and return all funds owed, in light of the company's insolvent business and inability to continue providing payment services in Singapore.[65]

A report published in June 2020 by the interdisciplinary journalism laboratory Citizen Lab at the University of Toronto stated that persons and organisations publicly critical of Wirecard had been the target of sustained hacking and phishing attempts by a hackers-for-hire group dubbed Dark Basin. According to the report, some of the critical entities, which included hedge funds, short sellers, investigators, and journalists, were "targeted almost daily for months, and continued to receive messages for years". The report linked the attacks "with high confidence" to the Indian company BellTroX InfoTech which has a history of other hacking-for-hire operations.[66] [67] U.S. prosecutors in New York and the FBI reportedly started an investigation into the hacker-for-hire allegations.[68] Wirecard denied any wrongdoing.

On 20 May 2021, Pav Gill, Wirecard's senior legal counsel based in Singapore who looked after all legal aspects of Wirecard's business and operations in the Asia-Pacific region, revealed himself to be the whistleblower who provided the material exposing the fraud to the Financial Times.

During June 2023, Singapore's State Court sentenced James Wardhana, Wirecard's international finance manager to 21 months and Chai Ai Lim, Wirecard Asia's Head of Finance, to 10 months of imprisonment.[69]

Products and services

Wirecard was an international supplier of electronic payment and risk management services. Wirecard offered products and services in the areas of mobile payments, e-commerce, digitisation and finance technology. This comprised the integration of payment methods, payment transactions via e-commerce as well as payment transactions at the stationary checkout (POS). In these areas, Wirecard claimed working in cooperation with 280,000 companies (as of December 2018),[70] including Allianz,[71] KLM, Qatar Airways,[72] Rakuten.com and Transport for London, among others. The transaction volume in 2018 was US$125 billion and in the first half of 2019 the transaction volume grew by 37.5 per cent to EUR 77.3 billion.[73]

Mobile payments

Starting in 2015, Wirecard offered consumers the fully digitalised,[74] mobile payment-app Boon, which works independently of banks or network operators.[75] Boon is based on a virtual Mastercard and runs on mobile devices with the Android or iOS operating systems. The Android version is currently available in Germany, Austria, Belgium, the Netherlands, Spain and Ireland. In addition, Boon can be used via Apple Pay in France, Great Britain, Switzerland, Spain, Italy, Ireland[76] and Germany.[77] Google Pay supports Boon in France.[78] Boon offers contactless payments via smartphone and tablet through NFC[79] as well as online payments and peer-to-peer transactions.[80]

In the mobile payments sector, Wirecard negotiated several contracts with telecommunications providers for technical services with regard to mobile smartphone payments based on near-field communication (NFC). The payment processor offers its partners a mobile card reader as a white label programme for the acceptance of card payments via smartphones or tablets.

eCommerce

In terms of acquiring,[81] one focus is travel and transport. Already in 2007, Wirecard took over payments and credit control for the tour operator TUI,[82] [83] and in 2014 for KLM Royal Dutch Airlines.[84] The product Supplier and Commission Payments (SCP)[85] by Wirecard is also made to measure the travel sector. It is based on the automatic output of virtual credit cards and enables electronic payments to partners and suppliers, for instance for commission payments. In this way international payments can be made via electronic transfer of virtual credit card numbers.

Since 2014, Wirecard has offered its Checkout Portal – a fully automated application for easily connecting different payment methods in online shops, with a focus on SMEs and virtual marketplaces.

Digitalization of the retail sector

Wirecard also supports high-street retail with digitisation; an example of this is the collaborative project with T-Systems.[86] In 2016, together with the WMF Group, Wirecard developed a mobile app which connects store purchases with online sales.[87]

Alternative Chinese payment methods

Wirecard has been collaborating with Alipay since 2015, to offer Chinese tourists a familiar payment method during their travels in Europe. As part of this, Wirecard has integrated this alternative payment method into the till systems of retailers such as Printemps, The Body Shop and The National Bank of Greece.[88] [89] [90] The payment procedure has also been integrated with retailers at Munich Airport.[91]

Since July 2017, Wirecard has partnered with Tencent to also offer WeChat Pay.[92]

Card issuing

Many companies worked with Wirecard to issue their own payment cards of various kinds. Some well-known partnerships include: Curve; start-up banks such as Atom[93] and money apps including Revolut[94] and Pokit, and spending management apps[95] such as Loot.[96]

Financial data

Financial data in € millions[97] !Year!2013!(2014)!(2015)!(2016)!(2017)!(2018)
Revenue4826017711,0281,4902,016
Net income83108143267260347
Assets1,4311,9952,9353,4824,5285,855
Employees1,0251,7502,3003,7664,4495,300

On June 22, 2020, Wirecard announced that financial data for the previous years might be incorrect.[98] According to a report by the Süddeutsche Zeitung, the public prosecutor's office assumes that the company has manipulated balance sheets since 2014.[99]

List of subsidiaries

By 2017, Wirecard was a global company, with major presence on all continents.

Wirecard Card Solutions Ltd. (WDCS) was a wholly owned subsidiary headquartered in Newcastle upon Tyne, UK, with an e-money licence that allows it to issue virtual cards. It provided numerous mobile payment applications and Wirecard's own mobile payment app, Boon.

It entered the U.S. market in 2017 following completion of the takeover of Citi Prepaid Card Services, indicating that the business would increase fiscal-year EBITA by $20 million.[100] [101] Wirecard took over the Brazilian company MOIP in 2016.[102] The previous year, in 2015, it entered the Indian market with the acquisition of the Great Indian Retail Group's payment business. Wirecard has been strengthening its operations in the Asia-Pacific region, the Middle East and Africa since 2014.[103] [104] [105]

In August 2020, it was announced that Railsbank, a start-up sponsored by Visa, is set to buy the Wirecard's UK-based businesses. No financial information was disclosed and the deal is set to be finished in November 2020. Additionally, the Brazilian business of the company was sold to PagSeguro Digital, a firm based in New York City.[106]

See below a list of some Wirecard subsidiaries (Partial list):

Subsidiary companyCityCountry
Wirecard Bank AGAschheimGermany
Wirecard Technologies GmbHAschheimGermany
Wirecard Acceptance Technologies GmbHAschheimGermany
Wirecard Retail Services GmbHAschheimGermany
Wirecard Global Sales GmbHAschheimGermany
Wirecard Communication Services GmbHLeipzigGermany
Wirecard Technologies IndonesiaJakartaIndonesia
Wirecard Card Solutions LtdNewcastle upon TyneUnited Kingdom
Wirecard Central Eastern Europe GmbHGrazAustria
Wirecard S.A.BucharestRomania
Wirecard Ödeme ve Elektronik Para Hizmetleri A.Ş.IstanbulTurkey
Wirecard Processing FZ LLCDubaiUnited Arab Emirates
Wirecard Singapore Pte LtdSingaporeSingapore
Wirecard Payment Solutions Malaysia Sdn BhdKuala LumpurMalaysia
Wirecard India Private LtdChennaiIndia
Wirecard NZ LimitedAucklandNew Zealand
Wirecard Hong Kong LimitedHong KongHong Kong SAR
Wirecard Africa Holdings Proprietary LtdCape TownSouth Africa
Wirecard Brasil S.A.São PauloBrazil
Wirecard North America Inc.ConshohockenUS
Wirecard UK and IrelandDublinIreland
Wirecard Australia A&I Pty LtdMelbourneAustralia

Bibliography

See also

External links

Notes and References

  1. Web site: 31 December 2018 . Annual Report 2018 . 2 May 2019 . Bloomberg . 19 June 2020 . https://web.archive.org/web/20200619210808/https://ir.wirecard.com/download/companies/wirecard/Annual%20Reports/DE0007472060-JA-2018-EQ-E-01.pdf . live .
  2. Web site: 15 August 2018 . Interim Report . 7 October 2018 . Wirecard . 19 October 2022 . https://web.archive.org/web/20221019190645/https://ir.wirecard.com/download/companies/wirecard/Quarterly%20Reports/DE0007472060-Q2-2018-EQ-E-00.pdf . dead .
  3. News: Storbeck . Olaf . 1 July 2020 . Wirecard administrator starts to dismantle defunct payments group . Financial Times . 1 July 2020 . 25 August 2020 . https://web.archive.org/web/20200825062647/https://www.ft.com/content/c7c6a5f9-b34e-41ae-8e83-e884434b118e . live .
  4. News: 22 July 2020 . Germany: Wirecard ex-CEO back in custody, board members arrested on fraud charges . . 24 July 2020 . 22 July 2020 . https://web.archive.org/web/20200722180412/https://www.dw.com/en/germany-wirecard-ex-ceo-back-in-custody-board-members-arrested-on-fraud-charges/a-54268693 . live .
  5. News: Storbeck . Olaf . Dombey . Daniel . 16 November 2020 . Santander buys Wirecard's core European business for €100m . . 17 November 2020 . 10 December 2022 . https://ghostarchive.org/archive/20221210/https://www.ft.com/content/e7c38f82-f54c-431f-890e-17adbaa530d1 . live .
  6. News: 25 June 2020 . Wirecard: Scandal-hit firm files for insolvency . en-GB . BBC News . 25 June 2020 . 28 June 2020 . https://web.archive.org/web/20200628094003/https://www.bbc.co.uk/news/business-53176003 . live .
  7. News: 2020-06-28 . Germany's beleaguered Wirecard to proceed with business after insolvency . Reuters . 2020-06-30 . 28 June 2020 . https://web.archive.org/web/20200628113607/https://www.reuters.com/article/us-wirecard-accounts/germanys-beleaguered-wirecard-to-proceed-with-business-after-insolvency-idUSKBN23Y0QQ . live .
  8. Web site: MARSALEK, Jan . 2023-02-01 . Europe's most wanted . hr.
  9. News: Jaffé . Michael . 25 August 2020 . Opening of insolvency proceedings concerning assets of Wirecard AG . Rechtsanwalt Dr. Michael Jaffé . 25 August 2020.
  10. News: Storbeck . Olaf . March 14, 2022 . Former Wirecard chief executive charged with fraud . The Financial Times . March 14, 2022 . 18 July 2024 . https://web.archive.org/web/20240718061110/https://www.ft.com/content/c0bcaaab-546a-4e37-861e-2a29f28e1998 . live .
  11. News: Wirecard trial of executives opens in German fraud scandal . 8 December 2022 . BBC News . December 8, 2022 . 18 July 2024 . https://web.archive.org/web/20240718061107/https://www.bbc.com/news/world-europe-63893933 . live .
  12. News: Diehl . Jörg . Dobrokhotov . Roman . Grozev . Christo . Hesse . Martin . Höfner . Roman . Knobbe . Martin . Giesen . Christoph . Lehberger . Roman . Röhreke . Friederike . 2024-03-05 . Jan Marsalek an Agent for Russia? The Double Life of the former Wirecard Executive . 2024-04-18 . Der Spiegel . en . 2195-1349 . 18 July 2024 . https://web.archive.org/web/20240718061111/https://www.spiegel.de/international/business/jan-marsalek-an-agent-for-russia-the-double-life-of-the-former-wirecard-executive-a-7e667c03-6690-41e6-92ad-583d94ba97e0 . live .
  13. Web site: Dohms . Heinz-Roger . 2017-02-23 . Die ganz spezielle Geschichte Wirecards . 2020-06-25 . manager magazin . de . 20 May 2020 . https://web.archive.org/web/20200520013629/https://www.manager-magazin.de/digitales/it/wirecard-das-250-millionen-euro-raetsel-des-zahlungsdienstleisters-a-1135587.html . live .
  14. Web site: 19 September 2001 . Verbindung gekappt . 16 December 2019 . manger magazin . 16 December 2019 . https://web.archive.org/web/20191216223951/https://www.manager-magazin.de/unternehmen/karriere/a-158053.html . live .
  15. Web site: 23 April 2002 . Börse unterliegt im Streit um "Penny-Stock"-Regeln . https://web.archive.org/web/20231204220148/https://www.handelsblatt.com/archiv/olg-urteil-zu-neuer-markt-regeln-boerse-unterliegt-im-streit-um-penny-stock-regeln/2160054.html?ticket=ST-41370421-YQpjW41ETX4SzK12LLf1-ap4 . dead . 4 December 2023 . 16 December 2019 . Handelsblatt .
  16. Web site: Börsengang der Wire Card AG . 16 December 2019 . PRESSEBOX . 16 December 2019 . https://web.archive.org/web/20191216223954/https://www.pressebox.de/inaktiv/wirecard-ag-aschheim/Boersengang-der-Wire-Card-AG/boxid/28593 . live .
  17. Web site: Vogel . Hannes . 18 February 2019 . Warum fährt die Wirecard-Aktie Achterbahn? . 16 December 2019 . ntv . 13 June 2021 . https://web.archive.org/web/20210613132049/https://www.n-tv.de/wirtschaft/Warum-faehrt-die-Wirecard-Aktie-Achterbahn-article20862910.html . live .
  18. Web site: Dörner . Astrid . Kokologiannis . Georgios . Kröner . Andreas . 5 September 2018 . Commerzbank fliegt aus dem Dax, Wirecard steigt auf . 16 December 2019 . Handelsblatt . 13 June 2021 . https://web.archive.org/web/20210613132050/https://www.handelsblatt.com/finanzen/maerkte/aktien/deutsche-boerse-commerzbank-fliegt-aus-dem-dax-wirecard-steigt-auf/23002042.html?ticket=ST-13187112-NdtW9gffKqD9ANMwkBhV-ap6 . live .
  19. News: Rae . Samuel . 24 May 2017 . Here's why Wirecard AG makes for an attractive exposure to growth in the Payments Processing Space . subscription . 16 December 2019 . . 15 September 2021 . https://web.archive.org/web/20210915141326/https://seekingalpha.com/article/4075958-why-wirecard-ag-makes-for-attractive-exposure-to-growth-in-payments-processing-space . live .
  20. Web site: Sternkopf . Matthias . Jäger . Moritz . 17 June 2008 . Aktuelle Bezahlverfahren im Internet . Current payment methods on the Internet . 16 December 2019 . . . DE . 25 September 2019 . https://web.archive.org/web/20190925141913/https://www.computerwoche.de/a/aktuelle-bezahlverfahren-im-internet,1866770 . live .
  21. Web site: 20 April 2010 . Geschäftsbericht 2009 . Annual Report 2009 . 16 December 2019 . Wirecard Investor Relations . Wirecard AG . DE . 29 June 2020 . https://web.archive.org/web/20200629160009/https://ir.wirecard.com/download/companies/wirecard/Hauptversammlung/GB_2009_D_0415_wirecard%20ag.pdf . dead .
  22. Web site: 9 October 2018 . Wirecard stellt innovative Bezahllösungen für den Omnichannel-Handel vor . Wirecard presents innovative payment solutions for omnichannel retail . 16 December 2019 . IT Finanzmagazin . DE . 25 September 2019 . https://web.archive.org/web/20190925140416/https://www.it-finanzmagazin.de/wirecard-stellt-innovative-bezahlloesungen-fuer-den-omnichannel-handel-vor-78838/ . live .
  23. Web site: 14 March 2019 . Wirecard: Brisante Neuigkeiten aus Neuseeland – 2 Manager weg . Wirecard: explosive news from New Zealand – two managers away . 16 December 2019 . IT Times . Gesellschaft für Neue Medien mbH . DE . 16 December 2019 . https://web.archive.org/web/20191216224004/https://www.it-times.de/news/wirecard-brisante-neuigkeiten-aus-neuseeland-2-manager-weg-131398/ . live .
  24. Web site: Osborne Clarke . Osborne Clarke . 8 December 2014 . Wirecard expandiert nach Südafrika . Wirecard expands to South Africa . 16 December 2019 . Legal Tribune Online . . DE . 16 December 2019 . https://web.archive.org/web/20191216223822/https://www.lto.de/recht/kanzleien-unternehmen/k/osborne-clarke-wirecard-markteintritt-in-suedafrika/ . live .
  25. Web site: Osborne Clarke . Osborne Clarke . 5 September 2014 . Wirecard expandiert in die Türkei . Wirecard expands to Turkey . 16 December 2019 . Legal Tribune Online . . DE . 16 December 2019 . https://web.archive.org/web/20191216223916/https://www.lto.de/recht/kanzleien-unternehmen/k/osborne-clarke-osborne-clarke-beraet-wirecard-beim-kauf-von-3pay-einem-fuehrenden-zahlungsanbieter-in-der-tuerkei/ . live .
  26. Web site: Schnell . Christian . 14 May 2019 . Ein Schritt hin zur Normalität: Wirecard zeigt technische Neuerungen . A step towards normality: Wirecard shows technical innovations . 16 December 2019 . . Verlagsgruppe Handelsblatt . DE . 13 June 2021 . https://web.archive.org/web/20210613132052/https://www.handelsblatt.com/finanzen/banken-versicherungen/banken/zahlungsdienstleister-ein-schritt-hin-zur-normalitaet-wirecard-zeigt-technische-neuerungen/24342074.html . live .
  27. Web site: 22 February 2016 . Wirecard: Online-Bezahldienste-Anbieter expandiert in Brasilien mit Akquisition . Wirecard: Online payment service provider expands in Brazil with acquisition . 16 December 2019 . IT Times . Gesellschaft für Neue Medien mbH . DE . 16 December 2019 . https://web.archive.org/web/20191216223959/https://www.it-times.de/news/wirecard-online-bezahldienste-anbieter-expandiert-in-brasilien-mit-akquisition-115944/ . live .
  28. Web site: 24 April 2019 . Wirecard holt Softbank als neuen Investor an Bord . Wirecard brings Softbank on board as a new investor . 16 December 2019 . Internet World Business . DE . 23 July 2019 . https://web.archive.org/web/20190723194109/https://www.internetworld.de/mobile/payment/wirecard-holt-softbank-neuen-investor-an-bord-1704285.html . live .
  29. Web site: Adinarayan . Thyagaraju . Mason . Josephine . Alkousaa . Riham . Seythal . Thomas . SoftBank-backed German payments giant Wirecard denies wrongdoing after report into its accounting practices . 29 April 2020 . Reuters . . 29 June 2020 . https://web.archive.org/web/20200629091858/https://www.businessinsider.com/wirecard-disputes-ft-report-accounting-practices-denies-wrongdoing-2019-10 . live .
  30. Web site: Holtermann . Felix . 5 November 2019 . Wirecard gibt Markteintritt in China bekannt . Wirecard announces market entry in China . 16 December 2019 . . Verlagsgruppe Handelsblatt . DE . 18 July 2024 . https://web.archive.org/web/20240718061109/https://www.handelsblatt.com/finanzen/banken-versicherungen/zahlungsdienstleister-wirecard-gibt-markteintritt-in-china-bekannt/25191006.html . live .
  31. Web site: McCrum . Dan . 2015-04-27 . The House of Wirecard . live . https://web.archive.org/web/20160303200357/http://ftalphaville.ft.com/tag/house-of-wirecard/ . 2016-03-03 . 2020-06-26 . FT Alphaville.
  32. https://viceroyresearch.org/wp-content/uploads/2020/07/final-main-report-zatarra-edited-3.pdf Wirecard AG
  33. News: O’Donnell . John . 2020-07-16 . Germany's long, lonely campaign: Battling Wirecard's short sellers . en . Reuters . 2020-09-27 . 6 August 2020 . https://web.archive.org/web/20200806181638/https://www.reuters.com/article/us-wirecard-accounts-germany-insight-idUSKCN24H0KM . live .
  34. News: McCrum . Dan . Executive at Wirecard suspected of using forged contracts . 30 January 2019 . Financial Times . 30 January 2019 . 11 December 2022 . https://ghostarchive.org/archive/20221211181255/https://www.ft.com/content/03a5e318-2479-11e9-8ce6-5db4543da632 . live .
  35. Web site: Comfort . Nicholas . Wirecard Slumps After Report on Executive Suspected of Fraud . 30 January 2019 . finance.yahoo.com.
  36. Web site: 28 March 2019 . Wirecard sues FT over investigative reports . Reuters.
  37. Web site: 8 February 2019 . Wirecard dementiert FT-Bericht über Durchsuchung und reicht Anzeige ein – Aktie fällt erneut . 13 February 2019 . finanzen.ch.
  38. https://www.faz.net/aktuell/finanzen/wirecard-ermittlungen-gegen-financial-times-journalisten-16047237.html Fall Wirecard: Staatsanwaltschaft ermittelt gegen einen Financial-Times-Journalisten
  39. Web site: 8 February 2019 . Deutsche Aufsicht schützt Dax-Konzern vor Spekulanten . 18 February 2019 . sueddeutsche.de . 18 July 2024 . https://web.archive.org/web/20240718061650/https://www.sueddeutsche.de/wirtschaft/wirecard-leerverkaeufe-bafin-1.4334890 . live .
  40. News: McCrum . Dan . 15 October 2019 . Wirecard's suspect accounting practices revealed . Financial Times . 15 October 2019 . 12 July 2020 . https://web.archive.org/web/20200712092102/https://www.ft.com/content/19c6be2a-ee67-11e9-bfa4-b25f11f42901 . live .
  41. News: 12 March 2020 . KPMG audit finds no manipulation in Wirecard's financial statements . en . Reuters . 31 March 2020.
  42. News: 12 March 2020 . Wirecard shares crash 26% after critical KPMG audit . en . Reuters . 28 April 2020 . 28 April 2020 . https://web.archive.org/web/20200428123639/https://www.reuters.com/article/us-wirecard-auditor-report/kpmg-audit-finds-fault-with-wirecard-shares-slump-19-idUSKCN22A0R4?il=0 . live .
  43. News: 2020-05-19. Investor TCI files criminal complaint against Wirecard managers. en. Reuters. 2021-11-10.
  44. News: Barnert. Jan-Patrick. 30 April 2020. A Trader Goes Short on Wirecard, Then Files a Criminal Complaint. Bloomberg. 30 April 2020.
  45. News: Storbeck . Olaf . McCrum . Dan . 5 June 2020 . Wirecard offices searched as prosecutors probe management board . Financial Times.
  46. Wirecard AG: Date for publication of annual and consolidated financial statements 2019 delayed due to indications of presentation of spurious balance confirmations . 18 June 2020 . DGAP . 2020-06-25 . . 18 June 2020 . https://web.archive.org/web/20200618205006/https://ir.wirecard.com/websites/wirecard/English/5110/news-detail.html?newsID=1984117&fromID=1000 . dead .
  47. News: Carrick . Angharad . 2020-06-29 . Deutsche Boerse looks at revising Dax membership rules after Wirecard scandal . Citi A.M. . 2020-06-30.
  48. Web site: Browne . Ryan . 19 June 2020 . Wirecard CEO Markus Braun resigns as accounting scandal batters shares . CNBC.
  49. Web site: Kowsmann . Patricia . Bender . Ruth . Davies . Paul . 23 June 2020 . Wirecard's Former CEO Markus Braun Is Arrested . The Wall Street Journal.
  50. Web site: Daniel Hüfner . 11 September 2020 . 'Keine Ahnung, wo ich landen werde' – neuer Wirecard-Boss tritt nach 85 Tagen ab . 'No idea where I'll end up' – new Wirecard CEO steps down after 85 days . 14 September 2020 . German . 18 July 2024 . https://web.archive.org/web/20240718063722/https://www.businessinsider.de/gruenderszene/fintech/wirecard-chef-james-freis-tritt-ab/ . live .
  51. News: Wirecard CEO is 'essential', says new chairman . 6 February 2020 . Financial Times . 22 January 2020 . Storbeck . Olaf . 6 February 2020 . https://web.archive.org/web/20200206090824/https://www.ft.com/content/b97effc2-3d3b-11ea-a01a-bae547046735 . live .
  52. News: hermesauto . 23 January 2020 . Wirecard to beef up management amid fraud allegations; CEO to stay . 29 April 2020 . The Straits Times . en . 18 July 2024 . https://web.archive.org/web/20240718063722/https://www.straitstimes.com/business/banking/wirecard-to-beef-up-management-amid-fraud-allegations-ceo-to-stay . live .
  53. News: McCrum . Dan . Storbeck . Olaf . Wirecard says €1.9bn of cash is missing . . 18 June 2020 . 26 June 2020 . https://web.archive.org/web/20200626073442/https://www.ft.com/content/1e753e2b-f576-4f32-aa19-d240be26e773 . live .
  54. News: Davies . Paul J. . 19 June 2020 . Wirecard CEO Resigns After Banks Say Missing $2 Billion Doesn't Exist . . 19 June 2020 . 22 June 2020 . https://web.archive.org/web/20200622153255/https://www.wsj.com/articles/mystery-surrounding-wirecards-missing-2-billion-deepens-as-banks-say-they-dont-have-it-11592562966?mod=business_lead_pos5 . live .
  55. News: 22 June 2020 . Wirecard says missing €1.9bn may not exist . en-GB . BBC News . 22 June 2020 . 26 June 2020 . https://web.archive.org/web/20200626111035/https://www.bbc.com/news/business-53132953 . live .
  56. News: 2020-06-21 . Wirecard's €1.9bn never entered Philippine financial system, bank governor says . 2020-06-29 . Financial Times . McCrum . Dan . Reed . John . Storbeck . Olaf . Palma . Stefania . 29 June 2020 . https://web.archive.org/web/20200629100304/https://www.ft.com/content/574ca70f-1d1e-4ade-b02b-9b846ea88d14 . live .
  57. Web site: Wirecard AG Credit Rating . 25 June 2020 . en-AU . 23 June 2020 . https://web.archive.org/web/20200623212158/https://www.moodys.com/credit-ratings/Wirecard-AG-credit-rating-822307441 . live .
  58. News: Storbeck . Olaf . McCrum . Dan . Palma . Stefania . 22 June 2020 . Wirecard fights for survival as it admits scale of fraud . . 22 June 2020 . 25 June 2020 . https://web.archive.org/web/20200625210952/https://www.ft.com/content/2581fda5-8c89-46b5-9acf-ba8a88d74d88 . live .
  59. News: 23 June 2020 . Former Wirecard CEO Markus Braun arrested . . 23 June 2020 . 26 June 2020 . https://web.archive.org/web/20200626112434/https://www.dw.com/en/former-wirecard-ceo-markus-braun-arrested/a-53905720 . live .
  60. News: Dan McCrum, Olaf Storbeck, Stefania Palma, John Reed in Bangkok . 25 June 2020 . Wirecard collapses into insolvency . Financial Times . 26 June 2020 . 28 June 2020 . https://web.archive.org/web/20200628115628/https://www.ft.com/content/ac949729-6167-4b6c-ac3f-f0aa71aca193 . live .
  61. News: Arnold . Martin . 25 August 2020 . Wirecard chief and 730 staff cut as administrator takes charge . Financial Times . 25 August 2020 . 18 July 2024 . https://web.archive.org/web/20240718063709/https://www.ft.com/content/e6d74224-24c6-41a7-bb2c-248e65ccad30 . live .
  62. News: Chazan. Guy. 1 September 2020. German parliament to open full inquiry into Wirecard collapse. Financial Times. 1 September 2020. 1 September 2020. https://web.archive.org/web/20200901210938/https://www.ft.com/content/6ac23b50-d9cb-4ba5-98b7-5fa40e7a5f8e. live.
  63. Web site: Wirecard to resume operations in the UK after regulators lift restrictions . 4 July 2020 . CNBC . 30 June 2020 . 5 July 2020 . https://web.archive.org/web/20200705021813/https://www.cnbc.com/2020/06/30/wirecard-to-resume-uk-operations-after-fca-lifts-restrictions.html . live .
  64. News: 4 July 2020 . Your Wirecard E-Cash Was Safe Until It Wasn't . . 4 July 2020 . 5 July 2020 . https://web.archive.org/web/20200705051004/https://www.washingtonpost.com/business/your-wirecard-e-cash-was-safe-until-it-wasnt/2020/07/03/b6913afe-bcfd-11ea-97c1-6cf116ffe26c_story.html . live .
  65. Web site: MAS directs Wirecard to cease payment services in Singapore, return customers' funds . 2020-09-30 . CNA . en.
  66. News: Murphy . Paul . 9 June 2020 . Toronto's Citizen Lab uncovers massive hackers-for-hire organization 'Dark Basin' that has targeted hundreds of institutions on six continents . 18 June 2020 . Financial Post . en-CA . 21 June 2020 . https://web.archive.org/web/20200621135150/https://business.financialpost.com/financial-times/torontos-citizen-lab-uncovers-massive-hackers-for-hire-organization-dark-basin-that-has-targeted-hundreds-of-institutions-on-six-continents . live .
  67. 9 June 2020 . Dark Basin: Uncovering a Massive Hack-For-Hire Operation . 18 June 2020 . The Citizen Lab . en-US . Scott-Railton . John . Hulcoop . Adam . Razzak . Bahr Abdul . Marczak . Bill . Anstis . Siena . Deibert . Ron . 30 September 2020 . https://web.archive.org/web/20200930184856/https://citizenlab.ca/2020/06/dark-basin-uncovering-a-massive-hack-for-hire-operation/ . live .
  68. Web site: U.S. Investigating Hacker Ring Paid to Target Corporate Critics . 18 June 2020 . www.msn.com . 18 July 2024 . https://web.archive.org/web/20240718063738/https://www.msn.com/en-us/news/technology/us-investigating-hacker-ring-paid-to-target-corporate-critics/ar-BB15fZv7 . live .
  69. News: Ruehl . Mercedes . June 20, 2023 . Singapore hands down first Wirecard criminal convictions . The Financial Times . July 19, 2023 . 21 July 2023 . https://web.archive.org/web/20230721014947/https://www.ft.com/content/45b44f32-74ee-476e-b36e-9a4508655fd5 . live .
  70. Web site: Hauptversammlung 2019 . 30 July 2019 . Wirecard . 28 June 2020 . https://web.archive.org/web/20200628145058/https://ir.wirecard.com/download/companies/wirecard/Hauptversammlung/WDI_HV2019_Praesentation_20190618_WebsiteWebsecure.pdf . dead .
  71. Web site: Allianz and Visa launch mobile payment and loyalty app . 27 February 2018 . 3 July 2018 . Finextra . 4 July 2018 . https://web.archive.org/web/20180704005811/https://www.finextra.com/pressarticle/72799/allianz-and-visa-launch-mobile-payment-and-loyalty-app . live .
  72. Web site: Qatar Airways, Wirecard team on Alipay acceptance in Middle East and Africa . 3 July 2018 . PaymentsSource . 27 March 2018 . 4 July 2018 . https://web.archive.org/web/20180704034817/https://www.paymentssource.com/news/qatar-airways-wirecard-team-on-alipay-acceptance-in-middle-east-and-africa . live .
  73. Web site: Half-Year Financial Report 2019 – Wirecard AG: Continued Strong Growth . 27 September 2019 . Markets Insider . 27 September 2019 . https://web.archive.org/web/20190927105351/https://markets.businessinsider.com/news/stocks/half-year-financial-report-2019-wirecard-ag-continued-strong-growth-1028425173 . live .
  74. Web site: 2 February 2020 . Wirecard Introduces a new Payment App . https://web.archive.org/web/20200202180737/https://www.onlinebankenverzeichnis.de/wirecard-introduces-a-new-payment-app/ . dead . 2 February 2020 . 2 February 2020 . onlinebankenverzeichnis.de.
  75. Web site: 7 February 2017 . Boon bringt Apple Pay für alle . 5 July 2018 . inside-tech.ch . 12 June 2018 . https://web.archive.org/web/20180612162310/https://www.inside-it.ch/articles/46551 . dead .
  76. Web site: 6 July 2017 . Wirecard startet Mobile Payment App boon mit Apple Pay in Spanien . 5 July 2018 . IT Times . 12 June 2018 . https://web.archive.org/web/20180612141858/http://www.it-times.de/news/wirecard-startet-mobile-payment-app-boon-mit-apple-pay-in-spanien-124699/ . live .
  77. Web site: Tobin . Anna . Apple Pay Continues European Rollout With German Launch . 13 December 2018 . Forbes . en . 18 July 2024 . https://web.archive.org/web/20240718063717/https://www.forbes.com/sites/annatobin/2018/12/11/apple-pay-continues-european-rollout-with-german-launch/ . live .
  78. Web site: 11 December 2018 . Google Pay goes live in France • NFC World . 13 December 2018 . NFC World . en-US.
  79. Web site: Lochner . Mario . 12 October 2016 . Wirecard: Wenn Bezahlen sexy wird . 5 July 2018 . FOCUS Online . 6 July 2018 . https://web.archive.org/web/20180706021745/https://www.focus.de/finanzen/boerse/wirecard-wenn-bezahlen-sexy-wird_id_6058085.html . live .
  80. Web site: 29 January 2018 . boon neu mit P2P: Geld zwischen zwei Freunden in Echtzeit schicken . 5 July 2018 . TOPNEWS . 30 January 2018 . https://web.archive.org/web/20180130091222/https://www.itopnews.de/2018/01/boon-neu-mit-p2p-geld-zwischen-zwei-freunden-in-echtzeit-schicken/ . dead .
  81. Web site: Dohms . Heinz-Roger . 26 October 2015 . Spätzünder aus Aschheim . 1 September 2018 . Süddeutsche Zeitung . 1 September 2018 . https://web.archive.org/web/20180901231247/https://www.sueddeutsche.de/wirtschaft/wirecard-spaetzuender-aus-aschheim-1.2708641 . live .
  82. Web site: 19 December 2007 . Geldanlage-Report-Kolumne: Die 4 Top-Aktien 2008! – Teil 3 . 1 September 2018 . finanzen.net . 1 September 2018 . https://web.archive.org/web/20180901215819/https://www.finanzen.net/nachricht/aktien/geldanlage-report-kolumne-die-4-top-aktien-2008-teil-3-266170 . live .
  83. Web site: 21 May 2007 . TUI Leisure Travel lagert Zahlungsprozesse ihrer neuen Vertriebsplattform an Wirecard aus . 1 September 2018 . APA-OTS.
  84. Web site: Schmid . Bernd . 28 May 2015 . Die eine deutsche Aktie, um in die Payment Revolution zu investieren . 1 September 2018 . The Motley Fool . 18 July 2024 . https://web.archive.org/web/20240718064229/https://www.aktienwelt360.de/2015/05/28/die-eine-deutsche-aktie-um-in-die-payment-revolution-zu-investieren/ . live .
  85. Web site: SCP, Supplier and Commission Payments . 17 July 2017 . www.wirecard.com . 26 February 2017 . https://web.archive.org/web/20170226074424/https://www.wirecard.com/glossary/scp-supplier-and-commission-payments-1/ . dead .
  86. Web site: Sword . Alex . T-Systems and Wirecard target retailers with IoT-enabled shelf . 17 July 2017 . www.mobileeurope.co.uk . 7 March 2017 . en-gb . 27 July 2017 . https://web.archive.org/web/20170727090120/http://www.mobileeurope.co.uk/press-wire/t-systems-and-wirecard-target-retailers-with-iot-enabled-shelf . live .
  87. Web site: 28 October 2016 . Wie Wirecard und WMF die Einzelhandels-Problematik lösen wollen . 7 October 2018 . IT Times . 18 July 2024 . https://web.archive.org/web/20240718064306/https://www.it-times.de/news/wie-wirecard-und-wmf-die-einzelhandels-problematik-losen-wollen-120698/ . live .
  88. Web site: 9 November 2016 . French department store offers Alipay mobile payments • NFC World . 17 July 2017 . NFC World . 18 July 2024 . https://web.archive.org/web/20240718064241/https://www.nfcw.com/2016/11/09/348365/48365/ . live .
  89. Web site: The Body Shop To Launch Alipay Mobile Wallet In Three London Stores PYMNTS.com . 17 July 2017 . www.pymnts.com . 29 September 2016 . en-US . 18 July 2024 . https://web.archive.org/web/20240718064309/https://www.pymnts.com/taxes/2024/arvo-tech-raises-2-5-million-to-expand-tax-credit-platform/?postType=partial . live .
  90. Web site: Wirecard Inks Deal With NBG To Integrate AliPay PYMNTS.com . 17 July 2017 . www.pymnts.com . 13 April 2017 . en-US . 18 July 2024 . https://web.archive.org/web/20240718064331/https://www.pymnts.com/taxes/2024/arvo-tech-raises-2-5-million-to-expand-tax-credit-platform/?postType=partial . live .
  91. Web site: Sommer . Ulf . 14 August 2018 . Wirecard ist erstmals mehr wert als die Deutsche Bank . 2 February 2020 . Handelsblatt.
  92. Web site: Kharpal . Arjun . 10 July 2017 . Tencent launches WeChat Pay in Europe to challenge Alibaba's Alipay . . 18 July 2017 . 18 July 2024 . https://web.archive.org/web/20240718064229/https://www.cnbc.com/2017/07/10/wechat-pay-europe-launch-tencent-to-challenge-alipay.html . live .
  93. News: Atom Bank is raising £100 million and getting into mortgages . en . Business Insider . 17 July 2017 . 14 September 2017 . https://web.archive.org/web/20170914123329/http://uk.businessinsider.com/fintech-atom-bank-raising-100-million-to-get-into-mortgages-2016-9 . live .
  94. News: More than 3,000 companies have signed up to hot fintech Revolut's new business service . en . Business Insider . 17 July 2017.
  95. News: Britain is getting MORE banking app startups – can they all survive? . en . Business Insider . 17 July 2017 . 23 June 2020 . https://web.archive.org/web/20200623185420/https://www.businessinsider.com/neobank-banking-app-make-money-fintech-monzo-revolut-loot-atom-tandem-2016-11?r=UK . live .
  96. News: Millennial banking startup Loot raised another £2.5 million . en . Business Insider . 17 July 2017 . 29 June 2017 . https://web.archive.org/web/20170629083239/http://uk.businessinsider.com/fintech-loot-growth-funding-banking-generation-snapchat-2016-11 . live .
  97. Web site: Wirecard Bilanz, Gewinn und Umsatz Wirecard Geschäftsbericht 747206 . 2 May 2019 . wallstreet-online.de . 5 November 2018 . https://web.archive.org/web/20181105202610/https://www.wallstreet-online.de/aktien/wirecard-aktie/bilanz . live .
  98. Web site: Wirecard AG: Statement of the Management Board about the current situation of the Company . 22 June 2020 . Wirecard Investor Relations . Wirecard . 26 June 2020 . https://web.archive.org/web/20200626042416/https://ir.wirecard.com/websites/wirecard/English/5110/news-detail.html?newsID=1985593&fromID=1000 . dead .
  99. Web site: 2 June 2020 . Wirecard soll seit 2014 betrogen haben . 5 June 2020 . Süddeutsche Zeitung.
  100. Web site: Wirecard completes Citi Prepaid acquisition » Banking Technology . 17 July 2017 . www.bankingtech.com . 25 November 2018 . https://web.archive.org/web/20181125062316/https://www.bankingtech.com/404-page/ . dead .
  101. News: Beltran . Luisa . Wirecard North America Sale Narrows to a Few Bidders . 24 November 2023 . Barron's . 20 October 2020.
  102. News: 22 February 2016 . Wirecard buys Brazilian online payments firm for 23.5 million euros . Reuters . 17 July 2017 . 29 March 2019 . https://web.archive.org/web/20190329183801/https://www.reuters.com/article/us-moip-m-a-wirecard-idUSKCN0VV17J . live .
  103. Web site: Wirecard AG announces its market entry into North America by the acquisition of Citi Prepaid Card Services . 17 July 2017 . www.wirecard.com . 11 October 2018 . https://web.archive.org/web/20181011053445/https://www.wirecard.com/newsroom/press-releases/newsdetail/wirecard-ag-announces-its-market-entry-into-north-america-by-the-acquisition-of-citi-prepaid-card-services/ . dead .
  104. Web site: Wirecard acquires Brazilian online payment service provider . 17 July 2017 . www.wirecard.com . 4 July 2017 . https://web.archive.org/web/20170704020441/https://www.wirecard.com/newsroom/press-releases/newsdetail/wirecard-acquires-brazilian-online-payment-service-provider/ . dead .
  105. Web site: Wirecard acquires payments business of Great Indian (GI) Retail Group . https://web.archive.org/web/20170222070532/https://www.wirecard.com/newsroom/press-releases/newsdetail/wirecard-acquires-payments-business-of-great-indian-gi-retail-group/ . dead . 22 February 2017 . 17 July 2017 . www.wirecard.com .
  106. News: Nicholas Megaw, Owen Walker, Matthew Vincent, Martin Arnold . 21 August 2020 . Wirecard break-up begins as it sells off UK and Brazil businesses . . 21 August 2020 . 21 August 2020 . https://web.archive.org/web/20200821143535/https://www.ft.com/content/1c3ed487-c0ee-4b55-93b1-a3c323861e9b . live .

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