|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||145.50 - 150.40|
|52 Week Range||101.00 - 193.76|
|Beta (5Y Monthly)||0.51|
|PE Ratio (TTM)||45.26|
|Forward Dividend & Yield||0.23 (0.15%)|
|Ex-Dividend Date||Jun 17, 2019|
|1y Target Est||N/A|
Wirecard, the global innovation leader for digital financial technology and UZE Mobility, open innovation platform for e-mobility services, have entered into a strategic partnership. The companies will join forces, combining their payment and geolocation technology to launch innovative services in e-mobility and further driving the megatrend New Mobility and Commerce on the Move.
The new chairman of Wirecard said the German payments company needed to strengthen its top management as it fights allegations of fraud and false accounting, while giving Chief Executive Markus Braun a vote of confidence. Braun's contract expiring at the end of this year will definitely be extended, Thomas Eichelmann told Manager Magazine in an interview published on Wednesday.
Wirecard’s chief executive Markus Braun will receive a contract extension if an accounting probe finds no material misconduct at the company, according to its new chairman. Thomas Eichelmann, who became chairman of the payments group this month, told Germany’s Manager magazine that the “essential” Mr Braun would be asked to stay beyond 2020. Mr Braun, who is also the single largest shareholder of the fast-growing German payments service provider, has a contract that expires at the end of this year.
Wirecard, the global innovation leader for digital financial technology, and EasyTransfer are collaborating to enable seamless mobile payments for digital-native Chinese students. Together the two companies are launching a new mobile payment and loyalty app designed for Chinese students studying outside of China. Approximately $3.8 billion in tuition payments were transferred via EasyTransfer in the first year alone.
Law firm Schirp called on Monday for a special audit of German payments company Wirecard, which is facing allegations of fraud and false accounting, on behalf of a small group of shareholders. Wirecard was hit a year ago by allegations in the Financial Times (FT) that its Singapore office made fake book-keeping entries to pad its revenues. In-house auditor EY investigated those claims and gave Wirecard management a clean bill of health.
A small group of Wirecard shareholders are attempting to force their own review into allegations of fraud and false accounting at the German fintech, following what a lawyer for the investors called “a history of cover up” at the Dax 30 company. “for personal reasons”, to be replaced by Thomas Eichelmann, the former Deutsche Börse chief financial officer. to investigate the matter, overseen by Mr Eichelmann.
(Bloomberg) -- Wirecard AG Chairman Wulf Matthias resigned after months of controversy over the digital payments company’s accounting practices.Matthias stepped down as chairman of the supervisory board for personal reasons, and will be replaced by Thomas Eichelmann, the Aschheim, Germany-based company said Friday in a statement. Matthias will remain a member of the board.The payment processor’s shares have whipsawed for more than a year after several media reports raised questions about accounting methods, all of which the company has rejected. The concerns relate to Wirecard’s Singapore operations. Wirecard has said its reporting obligations were “followed properly.” Shares are down more than 40% from their peak in March 2018.Eichelmann was a member of Wirecard’s supervisory board and head of the body’s audit committee. He has held various other supervisory positions over the past decade, including at construction group Hochtief AG and financial services company Wuestenrot & Wuerttembergische AG.Supervisory boards in Germany play an important role as they are formed of shareholders and employee representatives, who oversee the management and approve major business decisions.The role of the supervisory board “is key,” especially in Wirecard’s case, according to Neil Campling, an analyst at Mirabaud Securities. KPMG, which has been commissioned to perform an independent special audit on the back of the allegations, is accountable only to the supervisory board, he said.“Eichelmann is the man who was tasked with supporting the audit on Wirecard’s side.”IrregularitiesMatthias has faced a battle to calm investors rattled by reports of accounting irregularities.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, which is a member of Germany’s benchmark DAX index.“The more we dig on Wirecard, the more disturbing it looks,“ Campling wrote in a December research note.(Updates with analyst’s comments from sixth paragraph.)To contact the reporters on this story: Nico Grant in San Francisco at firstname.lastname@example.org;Vanessa Dezem in Frankfurt at email@example.com;Jan-Patrick Barnert in Frankfurt at firstname.lastname@example.orgTo contact the editors responsible for this story: Jillian Ward at email@example.com, William Shaw, Andrew DavisFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.
The board member overseeing an outside audit of Wirecard has been elected as chairman of the German payments company as it battles allegations of fraud and false accounting that have hit its share price. Thomas Eichelmann, a former chief financial officer of the Frankfurt Stock Exchange, was elected by the supervisory board after Chairman Wulf Matthias, 75, resigned for personal reasons, Wirecard said in statement late on Friday. Eichelmann, 54, was brought in last year and heads the audit committee at Wirecard, which was founded during the first internet boom and has grown to command a slot in Germany's DAX blue-chip index.
Former Deutsche Börse chief financial officer Thomas Eichelmann has been named new chairman of Wirecard after his longstanding predecessor Wulf Matthias resigned “for personal reasons” with immediate effect, the German payments provider announced on Friday night. Wirecard has been facing questions over its accounting practices for months after the Financial Times reported concerns raised by whistleblowers. Mr Eichelmann joined Wirecard’s supervisory board in mid-2019 and heads the board’s audit committee — a role he will keep as chairman.
Wirecard, the global innovation leader for digital financial technology, and Sprint (NYSE: S), a leading US communications services company, today announced a new relationship that will integrate Wirecard's unified commerce solutions into Sprint's Curiosity™ Internet of Things (IoT) platform to deliver the "Internet of Payments". The announcement was made at CES 2020. The two companies, brought together by SoftBank Investment Advisers, are collaborating to embed payment capabilities in IoT deployments, bringing added value to enterprise clients on a global scale.
Under the agreement, the German payments company’s unified commerce solutions will be integrated into the U.S. communications-services company’s IoT platform.
Sprint (NYSE:S), a leading US communications services company and Wirecard, the global innovation leader for digital financial technology, today at CES 2020 announced a new relationship that will integrate Wirecard unified commerce solutions into Sprint's Curiosity™ Internet of Things (IoT) platform to deliver the "Internet of Payments". The announcement was made at CES 2020. The two companies, brought together by SoftBank Investment Advisers, are collaborating to embed payment capabilities in IoT deployments, bringing added value to enterprise clients on a global scale.
Wirecard, the global innovation leader for digital financial technology and FXChange, Singapore's largest self-service currency exchange network, are collaborating to provide outbound and inbound travelers in Singapore with simple and flexible digital payment options. The companies are launching multi-currency Visa cards and a corresponding app which will offer travelers the chance to combine payment with the possibility to earn and redeem points at hotels, F&B; outlets and other amenities. Wirecard will issue and manage the payment solution via its digital platform. Travelers benefit from a seamless customer journey – from exchanging and loading currencies at self-service kiosks, to paying fully digitally at any of the 61 million Visa merchant locations worldwide.
Wirecard, the global innovation leader for digital financial technology, and the travel experience booking platform GetYourGuide have announced their collaboration. As part of the cooperation, Wirecard will make it easier to reconcile transactions between GetYourGuide and the thousands of providers of attractions and experiences that can be booked through the GetYourGuide marketplace.
Wirecard, the global innovation leader for digital financial technology, and Orange Bank are expanding their successful cooperation and now offering all Android users in France convenient mobile payment with Google Pay. Thanks to Wirecard, Orange Bank has already established itself as the market leader for mobile payments in France – 17% of such payments were made via the Orange Bank App in 20181. The addition of Google Pay should increase this figure enormously.