(RTTNews) - Wirecard AG (WRCDF.PK) announced an agreement with Citigroup subsidiaries to purchase the customer portfolio of Citi's merchant acquiring business in 11 markets in Asia Pacific.

Wirecard AG is an insolvent German payment processor and financial services provider, whose With the purchase of Prepaid Card Services from Citigroup, Wirecard has also been represented in USA since 2016. With the acquisition of

The sale of the Merchant Acquiring businesses in Asia is consistent with our global strategy, whereby Asia is the last remaining region in Citi with Merchant Acquiring businesses. We are pleased to Wirecard AG announced today to purchase the customer portfolio of Citi's merchant acquiring business in 11 markets in Asia Pacific (APAC). The purchase includes the entire customers for merchant acquiring services in Singapore, Hong Kong, Macau, Malaysia, Taiwan, Indonesia, Philippines, Thailand, India, Australia and New Zealand. 2017-03-14 2020-06-30 Wirecard’s acquisition of 11 Citi Asia merchant-acquiring customer portfolios was first announced to investors in March 2017, and Citi gave a final deadline to Wirecard of 31st December 2019 to transition all merchants onto the Wirecard platform before Citi shut down their processing business. Wirecard AG (WRCDF.PK) announced an agreement with Citigroup subsidiaries to purchase the customer portfolio of Citi's merchant acquiring business in 11 markets in Asia Pacific. Wirecard’s acquisition of 11 Citi Asia merchant-acquiring customer portfolios was first announced to investors in March 2017, and Citi gave a final deadline to Wirecard of 31st December 2019 to transition all merchants onto the Wirecard platform before Citi shut down their processing business. Wirecard AG announced today to purchase the customer portfolio of Citi's merchant acquiring business in 11 markets in Asia Pacific (APAC).

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With this, Wirecard enables internet technology to merchants such as airlines, fintechs and the retail sector by helping them to digitalise payments as well as the whole shopping experience. Following the cooperation with Cuscal on merchant acquiring, the partnership will be shortly extended to the area of card issuing. CityPay has accreditations with the following acquiring banks. AIB Merchant Services is one of Ireland’s largest providers of payment solutions, with extensive operations in Ireland and Britain, and with card processing capabilities throughout continental Europe. For merchants who are currently reliant on a single bank the answer lies in multi-acquiring.

12,939,741. 17) Processing binary options payments by Wirecard UK and Ireland Limited Wirecard's acquisition of 11 Citi Asia merchant-acquiring customer portfolios was   12 Jan 2019 Before joining Wirecard, Borja spent 14 years in Citibank's consumer credit payment products and the head of merchant acquiring business. 14 Aug 2019 Wirecard, a Germany-based payments firm that works with brands and retailers, recently More than 300000 merchants are […] Wirecard North America was created through the acquisition of Citi Prepaid Card Services in& Citi announces sale of prepaid card services to Wirecard Citigroup today News Citigroup sells Asia Pacific customer portfolio for merchant acquiring to  In 2016, it ventured into North America by acquiring Citibank's prepaid card.

30 Jun 2020 Wirecard AG entered North America in 2016 when it acquired the Citi Since the acquisition, Wirecard North America said it has remained a 

Wirecard AG announced today to purchase the customer portfolio of Citi's merchant acquiring business in 11 markets in Asia Pacific (APAC). The purchase includes the entire customers for merchant acquiring services in Singapore, Hong Kong, Macau, Malaysia, Taiwan, Indonesia, Philippines, Thailand, India, Australia and New Zealand. Acquisition of Citi´s merchant acquiring business in APAC A leading merchant acquiring business across 11 countries in APAC Client base of more than 20,000 merchants incl.

12 Jan 2019 Before joining Wirecard, Borja spent 14 years in Citibank's consumer credit payment products and the head of merchant acquiring business.

The purchase includes the entire customers for merchant acquiring services in Singapore, Hong Kong, Macau, The deal will see Wirecard AG take over the customer portfolio of Citi's merchant acquiring business in 11 Asia-Pacific markets, including Singapore, Hong Kong, Macau, Malaysia, Taiwan, Indonesia German payments company Wirecard announced that it has agreed to purchase Citigroup’s merchant acquiring customer portfolio for 11 markets in the Asia-Pacific (APAC) region. The client base of more than 20,000 merchants is located in Singapore, Hong Kong, Macau, Malaysia, Taiwan, Indonesia, Philippines, Thailand, India, Australia and New Zealand. We are pleased to have reached this agreement with Wirecard who will invest further in what is a core asset for them,” said Sean Hesh, Citi’s Asia-Pacific Regional Head of Merchant Acquiring. The sale of the Merchant Acquiring businesses in Asia is consistent with our global strategy, whereby Asia is the last remaining region in Citi with Merchant Acquiring businesses. We are pleased to have reached this agreement with Wirecard who will invest further in what is a core asset for them,” said Sean Hesh, Citi’s Asia-Pacific Germany-based Wirecard AG, provider of prepaid card issuing and account processing services as well as merchant acquiring and POS terminal processing services in more than 20 countries, filed for insolvency in Munich on June 25, 2020.

The client base of more than 20,000 merchants is located in Singapore, Hong Kong, Macau, Malaysia, Taiwan, Indonesia, Philippines, Thailand, India, Australia and New Zealand. The sale of the Merchant Acquiring businesses in Asia is consistent with our global strategy, whereby Asia is the last remaining region in Citi with Merchant Acquiring businesses.
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According to the latest set of financial accounts filed with ASIC this subsidiary was balance sheet insolvent at the end of December last year to the tune of $4.3 million. Wirecard extends its global merchant acquiring services to yet another country directly and provides internet technology to digitalize payments Aschheim (Munich), 13 March 2017. Today Wirecard AG signed an agreement with Citigroup subsidiaries CITIBANK, N.A. and CITIBANK OVERSEAS INVESTMENT CORPORATION to purchase the customer portfolio of Citi's merchant acquiring business in 11 markets in Asia Pacific (APAC). 2017-03-13 · Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support We are now North Lane Technologies, Inc. Our service and commitment to you remain.

Citigroup Inc. C inked yet another deal in continuation with its efforts to boost returns by streamlining operations. The Wall Street banking giant is set to sell its Asia Pacific (APAC) customer In a roundup of news from this week, Wirecard acquires Citi’s merchant portfolio, Square sees a significant increase in chip cards, and PerformLine launches merchant monitoring. German payments company Wirecard announced that it has agreed to purchase Citigroup’s merchant acquiring customer portfolio for 11 markets in the Asia-Pacific (APAC Wirecard AG announced today to purchase the customer portfolio of Citi's merchant acquiring business in 11 markets in Asia Pacific The purchase includes the entire customers for merchant acquiring services in Singapore, Hong Kong, Macau, Malaysia, Taiwan, Indonesia, Philippines, Thailand, India, Australia and New Zealand. The sale of the Merchant Acquiring businesses in Asia is consistent with our global strategy, whereby Asia is the last remaining region in Citi with Merchant Acquiring businesses.
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Acquisition of Citi´s merchant acquiring business in APAC A leading merchant acquiring business across 11 countries in APAC Client base of more than 20,000 merchants incl. segment leading corporate clients Strong cross- and upselling opportunities due to Wirecard’sinnovative payment ecosystem Wirecard will become an acquirer in additional key markets (via BIN sponsorships)

The purchase includes the entire customers for merchant acquiring services in Singapore, Hong Kong, Macau, Malaysia, Taiwan, Indonesia, Philippines, Thailand, India, Australia and New Zealand. 2017-03-14 2020-06-30 Wirecard’s acquisition of 11 Citi Asia merchant-acquiring customer portfolios was first announced to investors in March 2017, and Citi gave a final deadline to Wirecard of 31st December 2019 to transition all merchants onto the Wirecard platform before Citi shut down their processing business. Wirecard AG (WRCDF.PK) announced an agreement with Citigroup subsidiaries to purchase the customer portfolio of Citi's merchant acquiring business in 11 markets in Asia Pacific.

Elavon Merchant Services. Ingenico Payment Services GmbH (formerly easycash ). Lufthansa AirPlus Servicekarten GmbH. Wirecard AG. See also list of 

Santander is enhancing its merchant payment platform globally and will also leverage the strength of the Wirecard assets to support its growth plans in Europe. We are now North Lane Technologies, Inc. Our service and commitment to you remain. Reuters reported in 2016 that Citi’s merchants acquiring business in Asia-Pacific generated around US$400 million in gross revenues. About 70 per cent of the business was out of Hong Kong, Singapore and India, the report said, citing unnamed sources.

Wirecard, once the darling of Germany's financial-technology scene, is now at the key workers who keep the global trade system afloat: merchant seamen. German payment services provider Wirecard has agreed to buy the customer portfolio of Citi's merchant acquiring business in 11 markets in Asia Pacific.