Closing in Singapore and Hong Kong of Wirecard's acquisition of Citigroup's merchant acquiring services in Asia Pacific
Aschheim (Munich). Wirecard successfully completed the closing of Citigroup's customer portfolio for merchant acquiring services in two of eleven countries. The closing of Singapore and Hong Kong puts Wirecard well on track of the projected closing timeline.
The asset deal which was announced on 13 March 2017 includes Citigroup's entire customer portfolio for merchant acquiring services in Singapore, Hong Kong, Macau, Malaysia, Taiwan, Indonesia, Philippines, Thailand, India, Australia and New Zealand. The closing of the remaining nine countries will occur in stages by June 2018.
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Bloomberg: WDI GY
Wirecard AG is a global technology group that supports companies in accepting payments from all sales channels. As a leading independent supplier, the Wirecard Group offers outsourcing and white label solutions for electronic payments. A global platform bundles international payment acceptances and methods with supplementary fraud prevention solutions. With regard to issuing own payment instruments in the form of cards or mobile payment solutions, the Wirecard Group provides companies with an end-to-end infrastructure, including the requisite licences for card and account products. Wirecard AG is listed on the Frankfurt Securities Exchange (TecDAX, ISIN DE0007472060, WDI). Further information is available on the Internet at www.wirecard.de or follow us on Twitter @wirecard.
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