U.S. Markets closed
  • S&P 500

    4,577.11
    -85.74 (-1.84%)
     
  • Dow 30

    35,368.47
    -543.34 (-1.51%)
     
  • Nasdaq

    14,506.90
    -386.86 (-2.60%)
     
  • Russell 2000

    2,096.23
    -66.23 (-3.06%)
     
  • Crude Oil

    86.82
    +1.39 (+1.63%)
     
  • Gold

    1,813.90
    +1.50 (+0.08%)
     
  • Silver

    23.51
    +0.02 (+0.10%)
     
  • EUR/USD

    1.1335
    -0.0075 (-0.6574%)
     
  • 10-Yr Bond

    1.8650
    +0.0930 (+5.25%)
     
  • Vix

    22.79
    +3.60 (+18.76%)
     
  • GBP/USD

    1.3597
    -0.0050 (-0.3644%)
     
  • USD/JPY

    114.5660
    -0.0140 (-0.0122%)
     
  • BTC-USD

    42,382.30
    +152.29 (+0.36%)
     
  • CMC Crypto 200

    1,009.15
    -0.24 (-0.02%)
     
  • FTSE 100

    7,563.55
    -47.68 (-0.63%)
     
  • Nikkei 225

    28,257.25
    -76.27 (-0.27%)
     

Singapore's central bank says received licence application from Wirecard

·1 min read
FILE PHOTO: The headquarters of Wirecard AG is seen in Aschheim near Munich

SINGAPORE (Reuters) - The Monetary Authority of Singapore (MAS) has received a license application from scandal-hit electronics payments firm Wirecard <WDIG.DE> under the country's new Payments Services Act, the central bank said on Tuesday.

It said Wirecard's primary business activities in Singapore are to process payments for merchants and help companies issue pre-paid cards. Wirecard is operating under an exemption until the new law comes into force.

"MAS has required Wirecard to ensure that they keep customer funds arising from these activities in banks in Singapore," the MAS said in response to a query from Reuters but did not specify when it had received the application.

(Reporting by Anshuman Daga; Editing by Muralikumar Anantharaman)