Change Financial Co., the Australia publicly-traded company that serves U.S. customers, agreed to buy Wirecard’s assets in Australia and New Zealand, the company said in an announcement.
In a filing with the Australian Securities Exchange, the U.S. FinTech with offices in Hollywood revealed it bought the Wirecard divisions for 7.8 million Australian dollars ($5.7 million).
The sale comes a few days after Newcastle, England-based Railsbank signed a deal to buy Wirecard Card Solutions in the U.K. Financial terms were not disclosed. Under the deal, Railsbank will acquire Wirecard’s card technology, clients and some employees.
“This is a huge step forward for everyone,” said Nigel Verdon, CEO and co-founder of Railsbank, in a statement.
Last month, Michael Jaffé, Wirecard’s court appointed insolvency administrator, said an agreement has been reached to sell Wirecard’s Brazilian business to Sao Paulo-based PagSeguro Digital, one of the nation’s largest mobile payment-based eCommerce companies.
Also, media reported that Wirecard Romania is very close to a transaction as a result of which it will change its shareholders.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
