What is Wirecard AG?
Wirecard (WDI) is a German company and a leading global provider of solutions for payment processing. Founded in 1999 and 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 multichannel 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”.
Who are the key people at Wirecard AG?
Dr Markus Braun is Chief Executive Officer and Chief Technology Officer of Wirecard AG, and has been a Member of the Board since 2002. Another key figure at the company is Alexander von Knoop, who is Chief Financial Officer. Jan Marsalek is Chief Operating Officer, and has been a Member of the Board since 2010. Susanne Steidl is Chief Procurement Officer, and Wulf Matthias is Chairman.
What is the modern history of Wirecard AG?
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; EBITDA earnings increased from €60.7 million to €307.4 million; and earnings per share rose from €0.45 to €2.16. Over the same period, the workforce expanded seven-fold.
What are the latest developments at Wirecard AG?
In the fiscal year 2017, Wirecard AG again grew both revenue and operating profit. According to preliminary figures, consolidated revenues in 2017 increased by around 45% to €1.49 billion. Preliminary earnings before interest, taxes, depreciation and amortisation (EBITDA) grew about 34% to €412.2 million.
The Wirecard share price, which saw only gradual upward movement until 2016, really took off in 2017. From €41 in January, the stock 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. To find out how the shares are doing right now, follow Capital.com. Our WDI chart puts all the information at your fingertips.
Where does Wirecard AG operate?
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.
Where is Wirecard AG traded?
Wirecard stock has been listed on the Frankfurt Stock Exchange since 2005. Check out Capital.com for the latest WDI chart. We’ll keep you up to date and in the picture.