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Finance

Singapore orders Wirecard unit to halt services and return money

Bankrupt German fintech's local arm faces Oct. 14 refund deadline

Once considered a fintech wunderkind, Wirecard is now under investigation for fraud.   © Reuters
TAKASHI NAKANO, Nikkei staff writer | Singapore

SINGAPORE -- The Singaporean central bank has ordered the local arm of German payment services group Wirecard to shut down operations and to return all customer funds by Oct. 14.

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