Wirecard NZ sold

Staff reporters
Wed, 16 Sep 2020

The New Zealand Wirecard business has been sold, along with its Australian branch, to ASX-listed Change Financial for A$7.8 million.The NZ and Australian subsidiaries of beleaguered German digital payment process Wirecard AG have been in voluntary administration since July this year, so that they can be sold.On a presentation uploaded to the ASX, US-based fintech Change Financial said it has signed a binding agreement for the assets of Wirecard NZ and Australia.It said Wirecard Australia and NZ’s client base delivered US$6.7 million in th...

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