Santander acquires Wirecard’s assets for tech expansion | Technology & AI – FinTech Magazine – The FinTech & InsurTech Platform
Banco Santander has released a statement confirming its acquisition of tech assets from insolvent payment processor Wirecard. Although not confirmed in the companys official document, other sources report the total figure exchange as being 100m. Wirecard, which declared insolvency earlier in the year following revelations that it had misplaced over US$2.3bn in funds, was formerly…