That is expected to ensure seamless business continuation of card programs for corporate customers
Paynetics UK has agreed to acquire assets of Wirecard UK & Ireland, the company reports.
In terms of the deal, Paynetics will work with corporate customers, who have previously relied on Wirecard for card issuing and payment services. They will adopt Paynetics for the continuation of their existing card programs.
Paynetics will power a range of programs including employee benefits, sales incentives, corporate expenses, and social welfare for organizations.
We’ve reported that the Financial Conduct Authority was able to lift the restrictions on Wirecard thus allowing it to resume operational activities.