Markets

Wirecard is ‘beyond salvageable,’ according to one analyst, who says the company’s rivals won’t be able to benefit from its downfall

Munich-based Wirecard, founded in 1999, was established with the intention of assisting websites with credit card payment collections from customers. In the past week, the company has witnessed a spectacular fall from grace amid a massive accounting scandal, its former CEO’s arrest, and an insolvency filing. But can fintech rivals […]
Wirecard is ‘beyond salvageable,’ according to one analyst, who says the company’s rivals won’t be able to benefit from its downfall