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The deal includes the entire customers for merchant acquiring services in Singapore, Hong Kong, Macau, Malaysia, Taiwan, Indonesia, Philippines, Thailand, India, Australia and New Zealand. Wirecard AG has finalised its acquisition of Citi Prepaid Services. First announced in June 2016, the deal expands Germany-based Wirecard’s prepaid payment processing business in North America and brings more than 120 former Citi Prepaid employees under the Wirecard umbrella. Wirecard AG / Key word(s): Mergers & Acquisitions13-March-2017 / 08:26 CET/CESTDisclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.Aschheim (Munich), 13 March 2017. Today Wirecard AG signed an agreement with Citigroup subsidiaries CITIBANK, N.A. and CITIBANK OVERSEAS Acquisition search results. When you upgrade to Crunchbase Pro, you can access unlimited search results, save to custom lists or to Salesforce, and get notified when new companies, people, or deals meet your search criteria.

Since the acquisition, Wirecard North America has remained a separate legal entity. (RTTNews) - Wirecard AG (WRCDF.PK) announced an agreement with Citigroup subsidiaries to purchase the customer portfolio of Citi's merchant acquiring business in 11 markets in Asia Pacific. ASCHEIM, MUNICH, GERMANY / ACCESSWIRE / March 9, 2017 / Wirecard AG (OTC PINK: WCAGY) () has today successfully completed the acquisition of the business of Citi Prepaid Card Services previously Acquisition North America Corporate Wirecard Revenue streams are driven by cardholder fees, client fees, interchange and foreign exchange fees. Corporate client funds the card Wirecard realises client fees for card production and account funding Cardholder spends and Wirecard realises transaction-based revenue for cardholder Wirecard has today successfully completed the acquisition of the business of Citi Prepaid Card Services previously announced by Wirecard on 29 June 2016. German payment services provider Wirecard has agreed to buy the customer portfolio of Citi's merchant acquiring business in 11 markets in Asia Pacific. The deal includes the entire customers for merchant acquiring services in Singapore, Hong Kong, Macau, Malaysia, Taiwan, Indonesia, Philippines, Thailand, India, Australia and New Zealand. Wirecard, an international group of companies with a focus on payment processing and card issuing, has officially acquired Citi Prepaid Card Services, expanding its global presence in payment With the purchase of Prepaid Card Services from Citigroup, Wirecard has also been represented in USA since 2016.

Wirecard has acquired 14 organizations. Their most recent acquisition was AllScore Payment Services on Nov 5, … Paynetics UK, a fintech, trusted payment service provider and part of the Paynetics Group, has today announced that it has acquired some of the assets of Wirecard UK & Ireland.The deal will see Paynetics work with corporate customers, who have previously relied on Wirecard for card issuing and payment services, to adopt Paynetics for the continuation of their existing card programmes. Wirecard North America was formerly the Citi Prepaid Card Services business, which Wirecard AG acquired in 2016.

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Wirecard has today successfully completed the acquisition of the business of Citi Prepaid Card Services previously announced by Wirecard on 29 June 2016. This acquisition also allows Wirecard to expand its features so that corporate customers can benefit from services such as digital card solutions, which can be loaded in real time.

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Oct. 27, 2020. Wirecard Acquiring & Issuing GmbH, a fully owned subsidiary of Wirecard AG, has sold its North American operations to Syncapay Inc., Jul 4, 2020 FRANKFURT: Deutsche Bank AG is weighing the acquisition of all or part of disgraced Wirecard AG's bank, potentially throwing the business a Jun 24, 2020 Interesting to us was its 'capstone' acquisition of Citi North American prepaid cards, ending a many-year deal-making binge.

Wirecard AG has acquired in 1 US state, and 8 countries. The Company’s most targeted sectors include information technology (37%) and financial services (19%). Wirecard’s acquisition of 11 Citi Asia merchant-acquiring customer portfolios was first announced to investors in March 2017, and Citi gave a final deadline to Wirecard of 31st December 2019 to transition all merchants onto the Wirecard platform before Citi shut down their processing business.
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The Citi Prepaid portfolio is mostly made up of incentive and compensation cards, as … (RTTNews) - Wirecard (WRCDF.PK) said that it successfully completed the acquisition of the business of Citi Prepaid Card Services.

Based on these assumptions, Baader estimates an outperformance on Wirecard’s 2017 guidance, suggesting EBITDA could reach €408 million (€8 million above the higher threshold of the €400 million guidance given by the © 2017 Wirecard AG 2 Highlights Acquisition of Citi´s merchant acquiring business in APAC A leading merchant acquiring business across 11 countries in APAC Client base of more than 20,000 merchants incl. segment leading corporate clients Strong cross- and upselling opportunities due to Wirecard’sinnovative payment ecosystem 2020-6-30 · Wirecard AG entered North America in 2016 when it acquired the Citi Prepaid Card Services business and renamed it Wirecard North America.
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https://www.di.se/nyheter/analytikern-alla-har-kopt-skydd-det

In the same year, the company acquired a South American Internet payment service provider in Brazil. In 2019, SoftBank invested in Wirecard. Wirecard AG’s largest acquisition to date was in 2013, when it acquired PT. Aprisma Indonesia for $83M.

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LCC1181 C US EQUITY. Citigroup. CIC34.