Wirecard (WDI) is a German company and a leading global provider of solutions for payment processing. Headquartered in Aschheim, Germany, the company offers payment processing services, mobile payment and risk management solutions, tools for testing and managing payment systems, as well as issuing credit cards and outsourcing customer support.
Wirecard’s multi-channel payment gateway is connected to 200 international payment networks, enabling convenient access to global payment options. As a German full service bank in the Wirecard Group, the Wirecard Bank issues credit cards in all EU countries plus Norway and Switzerland. Wirecard Card Solutions, also part of the Group, has an e-money licence and offers further options for the issuance of prepaid cards in Europe.
Wirecard says it combines the expertise of a technology company with that of a bank: “We give you all the products and services you need for cashless transactions from a single source, from international payment systems and proven risk management to a wide range of banking services.” According to Wirecard, its business model is based on “security, reliability and trust”.
Wirecard employs over 3,700 people and serves more than 25,000 customers globally. It has offices in Europe, Asia, Africa, North and South America, Australia and New Zealand.
The company has come a long way since it was founded in 1999. Its Asia Pacific business was established in 2007, and the following years saw geographical expansion in Europe, the Middle East and Africa, Turkey, Singapore, New Zealand and Australia. In 2015, the launch of mobile payment solution "boon" helped to revolutionise smartphone payments. In 2016, Wirecard entered the North American market with the acquisition of Citi Prepaid Card Services of Philadelphia. From 2009 to 2016 Wirecard’s total revenues grew steadily from €228.5 million to €1.03 billion. Over the same period, the workforce expanded seven-fold.
In the fiscal year 2017, Wirecard AG again grew both revenue and operating profit. The Wirecard share price, which saw only gradual upward movement until 2016, really took off in 2017. From €41 in January, the WDI share price climbed to €50 in March, €60 in July, €70 in August, and €80 in October. It reached a high of €110 in January 2018 before falling back to around €95 at the end of March. According to the results of the Q1 of 2019, Wirecard continues its growth path with an impressive pace.
Wirecard stock has been listed on the Frankfurt Stock Exchange since 2005. To find out how the Wirecard share price is moving right now, follow Capital.com. Our WDI chart puts all the information at your fingertips.