Wirecard CEO resigns due to missing 1.9 billion euros in company accounts
The Central Bank of the Philippines says no money has entered the country’s financial system.
The scandal first surfaced when articles from the Financial Times caught everyone’s attention on accounting irregularities in Wirecard’s Asian operations. The missing money had to be in two separate accounts of the Asian banks, which were reserved for “risk management”.
With Wirecard AG now officially filing for bankruptcy, one wonders what it means for the Payoneer Prepaid Mastercard® Card issued by Wirecard.
Payoneer focuses on transparency, and via a blog entry, the company says that funds are kept in secure accounts and that there is no reason for concern for account holders.
Payoneer works with many banks and financial services providers around the world in developed and emerging markets. The company’s global infrastructure empowers people to do business online globally. Wirecard AG is a provider of partnerships with Payoneer.
Funds stored on your Payoneer Prepaid Mastercard® Card are safe and securePayoneer Blog
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Originally posted on June 27, 2020 @ 7:37 pm