26 Facts About Wirecard


Wirecard AG is an insolvent 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.

FactSnippet No. 1,545,145

Wirecard is being dismantled after it sold the assets of its main business unit to Santander Bank for €100 million in November 2020.

FactSnippet No. 1,545,146

Wirecard offered electronic payment transaction services and risk management, and issued and processed physical and virtual cards.

FactSnippet No. 1,545,147

On 25 June 2020, Wirecard filed for insolvency following revelations that an amount of €1.

FactSnippet No. 1,545,148

Wirecard consolidated the company and focused the business model on providing internet payment services, initially mainly to porn and gambling websites.

FactSnippet No. 1,545,149

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.

FactSnippet No. 1,545,150

In 2006, Wirecard was included in the TecDAX and in September 2018 in the DAX.

FactSnippet No. 1,545,151

In 2008, Wirecard introduced virtual prepaid credit cards for online payments and in the following year a fraud prevention suite for fraud detection.

FactSnippet No. 1,545,152

In 2014, Wirecard expanded to New Zealand, Australia, South Africa and Turkey.

FactSnippet No. 1,545,153

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.

FactSnippet No. 1,545,154

Wirecard issued a statement calling the report "false, inaccurate, misleading and defamatory".

FactSnippet No. 1,545,155

Wirecard announced a lawsuit against the Financial Times for "unethical reporting" and a lawsuit for market manipulation.

FactSnippet No. 1,545,156

In March 2020, Wirecard claimed that KPMG concluded that no discrepancy was determined during the audit.

FactSnippet No. 1,545,157

In January 2020, Wirecard announced that a contract extension would be offered to chief executive Markus Braun.

FactSnippet No. 1,545,158

Wirecard appointed James Freis to the position on an interim basis.

FactSnippet No. 1,545,159

Criminal investigation began on 22 June 2020 and Wirecard's recently resigned CEO, Markus Braun, was arrested the same day.

FactSnippet No. 1,545,160

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.

FactSnippet No. 1,545,161

Wirecard was an international supplier of electronic payment and risk management services.

FactSnippet No. 1,545,162

Wirecard offered products and services in the areas of mobile payments, e-commerce, digitisation and finance technology.

FactSnippet No. 1,545,163

Already in 2007, Wirecard took over payments and credit control for the tour operator TUI, and in 2014 for KLM Royal Dutch Airlines.

FactSnippet No. 1,545,164

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.

FactSnippet No. 1,545,165

In 2016, together with the WMF Group, Wirecard developed a mobile app which connects store purchases with online sales.

FactSnippet No. 1,545,166

Wirecard has been collaborating with Alipay since 2015, to offer Chinese tourists a familiar payment method during their travels in Europe.

FactSnippet No. 1,545,167

On June 22,2020, Wirecard announced that financial data for the previous years might be incorrect.

FactSnippet No. 1,545,168

Wirecard is a global company founded in 1999, which operates across all continents worldwide since 2017.

FactSnippet No. 1,545,169

Wirecard has been strengthening its operations in the Asia-Pacific region, the Middle East and Africa since 2014.

FactSnippet No. 1,545,170