Singapore’s central bank said on Tuesday that German payment company Wirecard’s local entities had informed it that they are assessing their ability to continue providing services in the city-state after their parent firm filed for insolvency. “Credit card payments at merchants using Wirecard’s services, as well as usage of pre-paid cards issued by Wirecard, will be affected if it ceases operations here,” the Monetary Authority of Singapore (MAS) said in a statement. There was no immediate response from Wirecard to a Reuters query sent outside business hours. …read more
Source:: Yahoo Finance
