Mutual agreement: Alipay and Wirecard agreed to a deal to provide mobile phone payment services for Chinese tourists visiting Europe.
BERLIN: Wirecard AG is negotiating with representatives of Alipay, a unit of Chinese e-commerce giant Alibaba, about it taking a stake of up to 25% in the German banking software company, a newspaper reported.
Without citing its sources, the Bild am Sonntag weekly said Wirecard was in confidential talks with Alipay about it taking a stake of up to 25%, and possibly more later.
