Cessation of payment services by Wirecard entities in Singapore
In light of regulatory actions by the Monetary Authority of Singapore, Visa has suspended payment authorisations for Wirecard in Singapore on 1 October 2020. This means there may be some disruption for Visa cardholders when transacting at a small number of merchants that use Wirecard services in Singapore. Visa is working with its clients and partners to support affected merchants and cardholders.
About Visa Inc.
Visa Inc. (NYSE: V) is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network - enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of digital commerce on any device for everyone, everywhere. As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information, visit About Visa, visa.com/blog and @VisaNews.