Wirecard AG Overview
Company Headquarter: Germany
Founded: 1999
Workforce: ~4,500
Company Working: Wirecard AG engages in the provision of software and information technology for payment processing and issuing products in the field of outsourcing and white label industry. It operates through the following segments: payment processing and risk management, acquiring and issuing, and call centre and communication services. The payment processing and risk management segment refer to the products and services, which involves in acceptance and transactions and the downstream processing of electronic payments and associated processes. The acquiring and issuing segment offers retailers a payment transactions solutions and settlement services, as well as credit card sales for online and terminal payments.
Strategy
As a part of market development, Wirecard undertook a few initiatives including partnerships and collaborations to enhance its business portfolio. In January 2018, Wirecard entered into partnership with Moonrise, to provide free and instant payment options for workers in the US. Wirecard is also focusing on market expansion by partnering with businesses from different geographies
