Advertisement
Canada markets closed
  • S&P/TSX

    21,947.41
    +124.19 (+0.57%)
     
  • S&P 500

    5,127.79
    +63.59 (+1.26%)
     
  • DOW

    38,675.68
    +450.02 (+1.18%)
     
  • CAD/USD

    0.7308
    -0.0005 (-0.07%)
     
  • CRUDE OIL

    77.99
    -0.96 (-1.22%)
     
  • Bitcoin CAD

    85,950.21
    +4,879.95 (+6.02%)
     
  • CMC Crypto 200

    1,365.92
    +88.94 (+6.96%)
     
  • GOLD FUTURES

    2,310.10
    +0.50 (+0.02%)
     
  • RUSSELL 2000

    2,035.72
    +19.61 (+0.97%)
     
  • 10-Yr Bond

    4.5000
    -0.0710 (-1.55%)
     
  • NASDAQ

    16,156.33
    +315.37 (+1.99%)
     
  • VOLATILITY

    13.49
    -1.19 (-8.11%)
     
  • FTSE

    8,213.49
    +41.34 (+0.51%)
     
  • NIKKEI 225

    38,236.07
    -37.98 (-0.10%)
     
  • CAD/EUR

    0.6787
    -0.0030 (-0.44%)
     

Stripe wins business following Wirecard's collapse

FILE PHOTO: The logo of Wirecard AG is pictured at its headquarters in Aschheim

BERLIN (Reuters) - The U.S. payments company Stripe is picking up some former Wirecard <WDIG.DE> customers, an executive told Reuters.

"It is difficult to count the impact of Wirecard, but we know that some former Wirecard customers switched to Stripe," said Matt Henderson, who oversees Europe, the Middle East and Africa.

Stripe is unlisted but is valued at $36 billion.

Wirecard filed for insolvency last month owing creditors 4 billion euros ($4.56 billion) after disclosing a 1.9 billion euro hole in its accounts that its auditor EY said was the result of a sophisticated global fraud.

(Reporting Nadine Schimroszik; writing by Tom Sims)