Wirecard has raised the further Move of the annual report of a quake in the market for payment services. This could have serious consequences for the Munich-based company. If it is presenting today, Friday no audited annual and consolidated financial statements – why it is advance visual after – could loans of about two billion euros will be terminated. The had announced the payment service provider on Thursday. For the first time, the market plays a serious insolvency of Fintechs: up to The year 2024 term bond is traded at a discount of 50 cents per Euro, the rate of return jumps to 19 percent. What does this mean for Wirecard, the market and the competition?
Franz Nestler
editor in the economy.
F. A. Z.For one, you can be sure that the time card will be paid for, whether it's online or in stores. Wirecard is too small, as it would be for the market to be a Problem, if there is a payment service provider, less. In the German market alone there are more than a dozen competitors. Some are more focused on the retail trade, others are more on online trading.
For Wirecard the now, once again, lack of trust is a huge problem. For Bank balances on escrow accounts in the amount of almost 2 billion euros is not a certification, is concerned namely, the unsuspecting customer, even if the Board of Directors and his boss, Markus brown, published in the night to Friday a Video in which brown, in turn, with property, of-the-art voice tries to explain the process and give you the impression that everything will be fine.
Wirecard is paid to it transfer money quickly and reliably from the client to the dealer. If in doubt as to the fact that Wirecard is able to exercise his business, it will be on the market very hard. Although the company's technology is quite sophisticated, it is, in the end, but also interchangeable. If a dealer currently has a contract with Wirecard, can he change very little. Industry observers believe that in the event of a delayed annual report, a special right of termination.
WIRECARD -- -- (--) Xetra tradegate long & black London SE Int. Level 1StuttgartFrankfurtSchweiz OTCWienSchweiz 1T 1W 3M 1J looks 3J 5J For detail viewis Different, when in fact, no money would flow. But such a case is not known. For the case of a bankruptcy, experts see the industry actually black: It is not expected that Wirecard against such a case has been secured. The money would be gone and the infrastructure is useless. So far it won't come to the market is much too attractive. Currently, it is again speculated, therefore, amplified by a Takeover.
Date Of Update: 19 June 2020, 03:19
