What is Wirecard? Wirecard Review

Wirecard AG is a German global financial services and technology company that provides Internet payment services to competitors including PayPal and Western Union. The company's shares are traded on the Frankfurt Stock Exchange.

About Wirecard

Wirecard AG was founded in 1999 and is headquartered in Munich-Ascham. Its CEO is Markus Braun and its Supervisory Board Chairman is Matthias Wolff.

In November 2006, Wirecard launched an Internet payment service called "Wirecard". Users open an account by registering a Wirecard account online. Users use Wirecard services to conduct cash, card, direct debit, wire transfer or various local payment activities. The company's electronic payment processing and risk management platform supports more than 85 local and international payment and fraud protection schemes. The company is a member of ADP CardClear and the International Air Transport Association.

In 2009, Wirecard's sales revenue increased by 16% from 196.8 million euros in the previous year to 228.3 million euros; earnings before interest, taxes, depreciation and amortization increased by 16% from 52.4 million euros to 6.08 billion euros; and earnings before interest and taxes increased by 15.7% from 49 million euros to 56.7 million euros.

Development experience

In June 2016, Wirecard AG was in talks with representatives of Alipay, which could potentially acquire up to 25% of Wirecard’s shares.

In December 2015, Wirecard reached an agreement with Alipay to provide mobile payment services to Chinese travelers traveling to Europe.

In 2013, the company had revenues of EUR 481.74 million and had 1,025 employees.