SoftBank to invest $1bn in German e-payment provider

Japanese tech group to back Wirecard's debut in Japan and South Korea

20190424N Wirecard phone

Wirecard provides online payment systems for 34,000 business clients worldwide. © Reuters

KOSEI FUKAO, Nikkei staff writer

FRANKFURT, Germany -- Japanese tech conglomerate SoftBank Group will invest about 900 million euros ($1.01 billion) into German online payment company Wirecard as part of a strategic tie-up, it was announced Wednesday.

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