Wirecard shares plunge as Dubai-based partner shuts shop - Reuters:
Shares in Wirecard (WDIG.DE) fell to more than two-year lows on Friday after a Dubai-based business partner closed its doors even as the German payments company played down the impact on operations.
The shares dropped after a tweet pointed to a May 11 liquidation notice in the newspaper Gulf Today by Al Alam Solution Provider FZ based in Dubai. A newspaper employee confirmed the publication of the notice in its print edition.
Al Alam was one of Wirecard's routing partners for payment transactions. bit.ly/368ZOpR
A Wirecard spokeswoman said the company was aware of the company’s closure and said it would not affect its ability to handle transactions as it has reduced its reliance on third-party partners.
No comments:
Post a Comment