Wirecard's SoftBank ties under scrutiny as shares tumble

Philippine banks deny that German payments company was a client

20200622 wirecard

German payments group Wirecard announced a cooperation agreement with SoftBank Group last year. © Reuters

WATARU SUZUKI, Nikkei staff writer

TOKYO -- An ongoing accounting scandal at German payments company Wirecard is putting its ties with Japan's SoftBank Group under fresh scrutiny 14 months after the companies announced a "large-scale strategic partnership."

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