The Monetary Authority of Singapore said Tuesday it has told Wirecard to make sure it keeps customer funds from its payments processing business in local banks. The city-state is home to Wirecard’s Asia-Pacific headquarters.
BERLIN: Singapore ride hailing company Grab Holdings Inc is among the businesses distancing themselves from Wirecard AG, making it harder for the German payments company to recover from a scandal that’s caused its shares to collapse and its chief executive officer to be arrested.
Grab said it hasn’t begun integration work on a partnership with the firm.
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