Wirecard Singapore set to return all customers' funds by today

Firm tells MAS it has processed and paid out most of the amounts due to merchants for goods and services sold

The Wirecard office at Mapletree Business City in Pasir Panjang Road earlier this month. The shutdown of its payment services affected thousands of consumers here, who were unable to make online payments or credit card payments with merchants on Wire
The Wirecard office at Mapletree Business City in Pasir Panjang Road earlier this month. The shutdown of its payment services affected thousands of consumers here, who were unable to make online payments or credit card payments with merchants on Wirecard platforms.

Wirecard Singapore is on track to return all customers' funds by today after it was ordered to cease its payment services last month.

It told the Monetary Authority of Singapore (MAS) it had processed and paid out most of the payments due to merchants for goods and services sold, MAS told The Straits Times yesterday.

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A version of this article appeared in the print edition of The Straits Times on October 14, 2020, with the headline 'Wirecard S'pore set to return all customers' funds by today'. Print Edition | Subscribe