Luckin Coffee announced on Wednesday (July 1) the completion of an internal probe that blames the company’s former CEO and COO for inflating the embattled Chinese java giant’s revenue and expenses by hundreds of millions of dollars. Get the Full Story Complete the form to...
A team of investigators raided Wirecard AG’s offices in two countries as part of the probe into the 1.9 billion euros ($2.1 billion) that went missing from the payments company’s accounts, Bloomberg News reported. Get the Full Story Complete the form to unlock this article...
A summary of Wirecard’s customers in 2017 suggests that just 100 clients represented over 50 percent of its real sales, the Financial Times reported, citing an internal spreadsheet. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
The Wirecard AG accounting scandal has extended its reach to Austria. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing...
The stunning demise of Germany’s Wirecard AG could lead to a revamp of some of the rules governing the international payments sector, which has seen rapid growth in recent years, though a key player says it is still too early to say. Get the Full...
Wirecard AG got the green light Tuesday (June 30) to resume its banking operations in the United Kingdom (UK), as financial regulators lifted restrictions that had been placed on the troubled German payments company four days ago. Get the Full Story Complete the form to...
Partnerships of legacy financial institutions (FIs) and FinTechs are bringing forth some of the coolest experiences in banking. It’s a trend exemplified by open banking — the European invention that’s circling the globe, making news and putting some flash back into money. Get the Full...
After the U.K.’s Financial Conduct Authority (FCA) mandated that Wirecard’s British Wirecard Card Solutions unit stop conducting regulated work, a number of consumers in the U.K. haven’t been able to get ahold of their cash, CNBC reported. Get the Full Story Complete the form to...
The Monetary Authority of Singapore (MAS) is collaborating with police to investigate Wirecard AG, the embattled German payment processing firm, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
