Wirecard's great collapse could hurt consumer confidence in Singapore: Experts


German digital payment firm Wirecard supported a large network of businesses in Singapore, including retail, e-commerce, supermarket, food and beverage, and insurance. Affected merchants may find it inconvenient to now have to switch to another e-payment system. - ST/ANN

SINGAPORE (The Straits Times/ANN): German digital payment firm Wirecard was once a huge fintech giant, providing cashless payment services to big international brands such as Samsung, Google and Apple.

In Singapore, it had major clients like taxi firm ComfortDelGro, convenience chain Cheers and telco Singtel for its mobile wallet Dash, and was also being used for everyday purposes such as at Electronic Road Pricing gantries and for consumers to top up their ez-link cards on their mobile phones.

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Singapore , Wirecard , credit card , payments

   

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