Paynetics, a Bulgarian end-to-end payment service provider, has acquired the corporate pay-out card portfolio of Wirecard UK and Ireland. Paynetics will “work with corporate customers, who have previously relied on Wirecard for card issuing and payment services, to adopt Paynetics for the continuation of their existing card programmes”. “Paynetics showed up as the white knight,” says Wirecard The alternative for these corporate clients, until now, was the termination of their card programmes. And this isn’t the first acquisition in recent memory for the card portfolio customers. Three years ago, Wirecard bought these customers from Citi for an undisclosed sum. Former…
Bulgaria’s Paynetics swoops in to buy part of Wirecard UK and Ireland
Bulgaria’s Paynetics swoops in to buy part of Wirecard UK and Ireland
