Wirecard to cease payment services in Singapore: MAS

Wirecard to cease payment services in Singapore: MAS
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SINGAPORE (Sept 30): The Monetary Authority of Singapore (MAS) has directed Wirecard entities in Singapore to cease their payment services on Sept 30.

The financial services provider has also been requested to return all funds to its customers by Oct 14.

The cessation comes as Wirecard has informed MAS that it is unable to continue providing payment processing services to a “significant number” of merchants. By requesting Wirecard SG to cease its payments services and...(click on link for full story on theedgesingapore.com)