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.
„Tendinţele pe care le-am remarcat înainte de începerea pandemiei s-au accelerat pe perioada stării de urgenţă. Am văzut acest lucru ca o oportunitate, un tipping point pentru bancă. Post-pandemie nu avem cum sa ne întoarcem la comportamentul financiar pe care îl aveam până în februarie a.c. Relaţia românilor cu online-ul s-a schimbat. In plus, cardul fizic se va dematerializa. Vom asista la o scădere a cererii pentru cardurile fizice, respectiv la o creştere a preferinţei pentru componenta digitală a acestora.”