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Singapore Wirecard merchants scramble to jump ship

Businesses say payments still continuing, but decide to play safe

Wirecard bought its portfolio here from Citigroup a few years ago, with Citi then a major player in the Republic.


SINGAPORE merchants that use Wirecard to process payments are quickly switching to the beleaguered fintech's competitors, spooked by the downfall of the Wirecard parent that has collapsed into insolvency.

Wirecard's market share here is likely sizeable, though the exact...

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