ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
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.

The Monetary Authority of Singapore made the announcement Wednesday.

Read Next

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more

By continuing to browse this website, you accept cookies which are used for several reasons such as personalizing content/ads and analyzing how this website is used. Please review our Cookie Policy to learn how you can update your cookie settings.

Accept & Continue Close