22.1 C
July 3, 2022
Finance Technologies

FCA lifts restrictions on Wirecard Card Solutions

The Financial Conduct Authority (FCA) has lifted restrictions on Wirecard Card Solutions, allowing the payments firm to resume activities. Wirecard’s UK operations were halted late last week The FCA announced on 29 June that the UK subsidiary of the beleaguered German firm was able to “meet certain conditions.” It adds: “This means customers will now, or very shortly, be able to use their cards as usual.” Wirecard’s UK subsidiary is still unable to transfer its own assets. The FCA also maintains controls on where the firm can hold customer cash. “We apologise for the inconvenience to our valued customers that…
FCA lifts restrictions on Wirecard Card Solutions

Related posts

Top fintech stories this week – 16 August 2019

Amme Jhonson

N26 launches MoneyBeam for UK users

Amme Jhonson

How is AI augmenting compliance practices?

Amme Jhonson

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Privacy & Policy