|Bid||113.06 x N/A|
|Ask||113.00 x N/A|
|Day's Range||111.46 - 114.94|
|52 Week Range||79.68 - 162.30|
|Beta (5Y Monthly)||0.61|
|PE Ratio (TTM)||28.97|
|Earnings Date||Apr 30, 2020|
|Forward Dividend & Yield||0.20 (0.18%)|
|Ex-Dividend Date||Jun 19, 2019|
|1y Target Est||205.49|
Wirecard, the global innovation leader for digital financial technology, today announced a new strategic partnership with renowned Hungarian e-commerce agency UNAS to offer Wirecard's payment solutions to its almost 5000 merchants. Through the agreement, Wirecard will be integrated as Payment Service Provider (PSP) for UNAS. As a result, merchants can leverage on Wirecard's payment solutions for their online shop.
Wirecard, the global innovation leader for digital financial technology, is launching an initiative to support businesses of all sizes and industries: Together with Futur/io, Wirecard is launching the 'Innovation for Now' platform where merchants can find assistance packages from leading companies like SAP and Wirecard. The aim of the initiative is to bundle the offerings of all major tech companies in Germany and make them more easily accessible to merchants affected by COVID-19.
Wirecard, the global innovation leader for digital financial technology, and Banca Afirme, a Mexican financial institution with a nationwide presence, are collaborating to equip television station Canal 22 with employee payout products for e-commerce payments, Point-of-Sale (POS) spend, and ATM cash withdrawals.
Wirecard, the global innovation leader for digital financial technology, is further expanding its e-commerce offer for Chinese online shoppers. Thanks to Wirecard, European merchants can integrate the popular payment method WeChat Pay into their online shop in just a few minutes. Chinese customers can now shop online or in the app of these merchants and check out via WeChat Pay. This solution is ideal for European merchants seeking to enter the competitive and growing Chinese e-commerce marketplace. The end-to-end offering also includes logistics and customs support, thanks to SwissPost, as well as consulting and training, so that merchants can get up and running as quickly and effectively as possible.
(Bloomberg) -- Regulators in France, Italy and Belgium banned short selling in some stocks for Tuesday’s session, aiming to curtail the plunge in equity markets driven by the coronavirus outbreak.France’s AMF halted such trades in 92 stocks, while Italy’s Consob blocked the transactions in shares of 20 companies and Belgium’s FSMA imposed a similar restriction. Spain went further, telling market participants late Monday they couldn’t bet on share declines for a month, and French Finance Minister Bruno Le Maire said he would like to see that rule extended Europe-wide.Read: Bridgewater Makes $14 Billion Short Against European Stocks“We are standing ready to take stronger decisions if necessary,” Le Maire said on a phone briefing with reporters. “We want to avoid speculation on markets. We will use all the means available to us to protect our businesses.”Short selling, in which traders sell borrowed shares with the aim of repurchasing them at lower prices to return to the lender, is controversial at the best of times. Proponents say it results in a more liquid, efficient market, and alerts investors to dodgy accounting or overhyped company prospects. Opponents accuse short sellers of being short termists who can destabilize companies by publicly criticizing accounting or management.Shorts have had some notable successes lately: NMC Health Plc shares plunged after Muddy Waters Capital LLC made accusations of financial wrongdoing. Trading in the shares was then suspended, and the company said an internal investigation turned up evidence of suspected fraud in its accounts.Read more: How Short Sellers Become Targets During Market Routs: QuickTakeThe U.K.’s Financial Conduct Authority declined to comment on a possible short selling ban in Britain, while Dutch regulator AFM said it continues to closely monitor developments in the financial markets.In Switzerland, there are no plans to ban or limit short selling because the market is functioning as it should, according to a spokesman for the SIX stock exchange. Germany’s Deutsche Boerse has a mechanism, the volatility interruption, to prevent a disorderly drop in prices, a spokesman said by email, so a ban on short selling “is not to be expected.”Madrid, as well as Italy, had already ordered a one-day ban on short selling in the March 13 sessions.More InformationThe European Union’s market regulator on Monday ordered hedge funds and other traders to disclose more information when they bet that stocks will decline and signaled that more restrictions could come soon. Traders now must inform regulators when their net-short positions account for at least 0.1% of a company’s share capital, compared with 0.2% previously, according to the Paris-based European Securities and Markets Authority.The practice was already under attack before the stock market started tanking in February. French politicians prepared a report last year on ways to rein in short sellers and activist investors, and German authorities began an investigation into speculators who criticized the accounting of payments company Wirecard AG.The market meltdown makes stricter short-selling regulation “more necessary than ever,” Eric Woerth, the president of the French National Assembly’s Finance Commission and a co-author of the French report, said in a phone interview Monday. “It’s time to get moving.”(Updates to add Le Maire comments in second paragraph.)\--With assistance from Beth Mellor, Rodrigo Orihuela, Silla Brush, Jan-Patrick Barnert and William Horobin.To contact the reporters on this story: Phil Serafino in Paris at firstname.lastname@example.org;Albertina Torsoli in Geneva at email@example.comTo contact the editors responsible for this story: Celeste Perri at firstname.lastname@example.org, Paul JarvisFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
European stock markets bounced back on Friday from their worst day ever, as signs of a U.S. stimulus package helped soothe fears about an economic shock from the coronavirus pandemic. The benchmark STOXX 600 index was up 4% at 0805 GMT, following a 12% plunge on Thursday on rising fears of a liquidity crunch after the European Central Bank decided to keep interest rates steady. The crash erased over $1 trillion from the value of European firms and plunged the MSCI world index firmly into a bear market, but sentiment stabilised on Friday after indications that U.S. Democrats and Republicans could soon agree on a stimulus package.
Wirecard, the global innovation leader for digital financial technology, and Klarna, a leading global payments and shopping provider, announced today the launch of a new enhanced joint payment solution. All three Klarna shopping methods, Pay Now, Pay Later and Klarna Financing, can now be embedded into merchants' checkout via a single integration through the Wirecard digital financial commerce platform to boost average order value, conversions and hence fuel growth for merchants.
Wirecard, the global innovation leader for digital financial technology, is entering into a payments partnership with Grab, Southeast Asia's leading super app, that will see Wirecard process transactions made via the GrabPay e-wallet, starting with the Malaysian, the Philippines and the Singapore markets.
Wirecard, the global innovation leader for digital financial technology, continues to push the boundaries of the customer experience in retail with the new 360° Retail Experience, a prototype of an interactive in-store screen with integrated payment technology. Wirecard's Innovation Lab has introduced the retail solution to meet the demands of modern shoppers: A recent Wirecard-commissioned global survey found that a majority of shoppers are ready and waiting for retailers to implement innovative payment methods and in-store technologies to enhance their shopping experience.
Wirecard, the global innovation leader for digital financial technology, is cooperating with Xolo, formerly LeapIN, the online platform for launching and running micro-businesses anywhere in the world, to offer fully digital seamless banking for entrepreneurs. The new partnership will enable Xolo, supported by Wirecard's digital banking services, to revamp and enhance the banking and accounting aspect of its current platform. The companies are collaborating within the so-called "gig economy" which refers to digital platforms that allow independent freelancers to connect with individuals or businesses for short-term services or asset-sharing. This market was valued at $204 billion in 2018 with compound annual growth rate of 17%.
As part of its goal of enabling inclusive prosperity in the country, Union Bank of the Philippines (UnionBank) inked a partnership agreement with Germany-based financial services provider Wirecard to make banking services more convenient and efficient for corporate customers in the financial services ecosystem.
Wirecard, the global innovation leader for digital financial technology, today announced that it is helping German financial services giant SIGNAL IDUNA extend its online and mobile services with new payment methods. Consumers will be able to take out and pay for insurance online. Wirecard processes the payments as well the payouts in the case of successful claims. The company – that provides insurance policies for health, travel, household and more – also famously sponsors the Borussia Dortmund football stadium, the largest in Germany.
When you buy shares in a company, it's worth keeping in mind the possibility that it could fail, and you could lose...
Wirecard, the global innovation leader for digital financial technology, and Raiffeisen Bank International (RBI) today announced an extensive cooperation in the area of financial services. Within the terms of the agreement, the two companies are jointly offering merchants in a total of 13 Central and Eastern European countries a complete range of financial services via the Wirecard Financial Commerce platform.
(Bloomberg Opinion) -- SoftBank Group Corp. became vulnerable to activist attack by Elliott Management Corp. because of the harmful noise generated by the Japanese technology investor’s giant Vision Fund. That noise just won’t die down.Sunday brought a report in the Financial Times that Vision Fund head Rajeev Misra is looking to raise a multi-billion dollar fund to buy listed stocks. The blueprint was established last year with SoftBank’s investment in controversial German payments company Wirecard AG via a convertible bond. The new plan looks like a bid to do more unconventional equity investments in the same vein.The development marks a strategic departure. After all, the $100 billion Vision Fund was established to take stakes in private, tech-focused startups. SoftBank has already had to deny that there’s a “misalignment” between Misra and the group’s founder and Chief Executive Officer Masayoshi Son over the idea of investing more in public companies. But it’s not hard to see why Son, and other SoftBank shareholders, might need persuading.Setting up a listed-equity vehicle would bring in new revenues from management and performance fees. It could also create capital gains (or losses) from any investments in the fund that are made using SoftBank’s own capital. Whether it would make such commitments — and the decision-making around any such moves — is unclear. The FT said funding of about $4 billion is being lined up from sovereign funds in Abu Dhabi and Kazakhstan.There is some logic to Misra’s idea. It would, theoretically, marry SoftBank’s nous in emerging technology with the experience in trading and structured products possessed by a bunch of former bankers working for the Vision Fund. The result could bring a new dimension to SoftBank, similar to how the American buyout giants have become purveyors of real-estate, private-equity and credit strategies.The numbers being spoken of may be small relatively. But SoftBank’s core competence is in a specific sector, technology, and a specific category, late-stage venture capital. It needs to be crystal clear about why it would have an edge in the listed markets. The new offshoot would engage in financial engineering by wrapping listed investments in leveraged structures. But would it be looking to hire people or engage advisers with that expertise in a public-equity strategy if it didn’t already have it on the payroll? Or is the tail wagging the dog?SoftBank shares trade at a near 60% discount to net asset value, hence Elliott’s interest. That’s due largely to high-profile mishaps in the Vision Fund, such as WeWork, even though the fund still accounts for only a 10% slice of SoftBank’s overall managed assets. The risk is that, as with the Vision Fund, this venture has an outsized impact on sentiment toward SoftBank overall.Ironically, SoftBank has a huge opportunity already to dabble in the stock market and do financial engineering. The discount at which its shares trade means it could buy nearly $50 billion of underlying investments by spending $20 billion on its own stock. Son could fund such a buyback either by raising debt or selling some of SoftBank’s shares in Alibaba Group Holding Ltd., Sprint Corp., telecoms subsidiary SoftBank Corp. or even chipmaker Arm Holdings via a public offering. Maybe the brains in the Vision Fund could start by identifying which of these levers to pull.To contact the author of this story: Chris Hughes at email@example.comTo contact the editor responsible for this story: James Boxell at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Chris Hughes is a Bloomberg Opinion columnist covering deals. He previously worked for Reuters Breakingviews, as well as the Financial Times and the Independent newspaper.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Wirecard, the global innovation leader for digital financial technology, and wirecube have won Austria's largest supermarket chain BILLA as a new customer. With the BILLA Scan & Go app, customers can pay for their purchases directly in the app. The solution can be used for all products that are available in-store. Part of the REWE Group, BILLA operates 1,100 stores in Austria.
(Bloomberg) -- Wirecard AG , the German payments processor struggling to move on from allegations about questionable accounting methods, posted full-year revenue that beat analysts’ estimates while legal fees and audit expenses weighed on profit.The company reported preliminary full-year revenue that rose about 38% to 2.8 billion euros ($3 billion), versus analyst projections of 2.7 billion euros, it said in a statement Friday.Earnings before interest, tax, depreciation and amortization were 785 million euros last year. Excluding expenses for audit, advisory and legal services in the fourth quarter, ebitda was 794 million euros. That compared to an estimate of 792.3 million euros, according to the average of analysts in a Bloomberg survey. The company will publish audited figures on April 8.Wirecard’s shares were whipsawed last year after a Financial Times report raised allegations about its accounting methods. The company’s rejected the charges and, in an attempt to assuage rattled investors, in October gave auditors at KPMG unrestricted access to its books.Read more: Wirecard Chairman Resigns in Midst of Accounting Controversy“Given the ongoing high customer growth in 2019 as well as the structural drivers such as the shift to cashless payments and steadily growing e-commerce, growth should remain dynamic in 2020,” analysts from Hauck & Aufhaeuser said in a note to clients on Friday.Shares fell about 1% to 142.50 euros at 10:56 a.m. in Frankfurt. The stock has gained 32% this year.Wirecard also confirmed its 2020 outlook.Wirecard’s revenue soared in 2018 after it bought more than 15 companies in a few years. But in a series of articles last year, the Financial Times reported allegations of accounting fraud at Wirecard in Singapore and other Asian countries. The company hired law firm Rajah & Tann to investigate. A final report from the firm in March 2019 acknowledged accounting oversights and potential criminal liability among some Singapore staff, but didn’t find evidence of criminal activity linked to Wirecard’s German headquarters.The FT then reported in October that payments processed by a Dubai-based partner company in 2016 and 2017 may not have taken place. Wirecard called those allegations “total nonsense,” but controversy has continued to dog the company, a member of Germany’s benchmark DAX index.Wulf Matthias resigned as chairman of the supervisory board in January and was replaced by Thomas Eichelmann -- head of the body’s audit committee.Why Germany’s Wirecard Is No Stranger to Controversy: QuickTake“This is a strong result on our path for profitable growth,” Chief Executive Officer Markus Braun said. “Above all, it is very clear evidence of the sustained profitability of our business model.”(Updates with analyst comment in fifth paragraph, CEO comment in final paragraph. A previous version of this story corrected the period for adjusted Ebitda.)To contact the reporter on this story: Sarah Syed in London at email@example.comTo contact the editors responsible for this story: Giles Turner at firstname.lastname@example.org, Amy ThomsonFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
China's announcement of more than 5,000 new coronavirus cases and 121 new deaths indicate the epidemic hasn't peaked yet. A pan-European index is in fact opening at record highs, buoyed by … answers on a postcard. The thinking appears to be the virus impact will not last, it’s not spreading outside China as fast as feared and above all, central banks can step in -- slower growth will bring more stimulus, or at least lower interest rates for longer.