BNM closely monitoring Wirecard MY's operations

FILE PHOTO: The logo of Wirecard AG, an independent provider of outsourcing and white label solutions for electronic payment transactions, is pictured at its headquarters in Aschheim, near Munich, Germany, July 1, 2020. REUTERS/Andreas Gebert/File Photo

KUALA LUMPUR: Bank Negara Malaysia (BNM) is closely monitoring the operations of Wirecard Payment Solutions Malaysia Sdn Bhd (Wirecard MY) to ensure that it will continue to fully meet its settlement obligations to merchants in Malaysia.

In a statement today, the central bank said funds due to merchants were held in segregated bank