Wirecard has acquired Procard Services, headquartered in Dubai, United Arab Emirates (UAE). Procard Services specialises in services relating to electronic payment processing, credit card acceptance and the issuing of debit and credit cards, and the company has a regional customer portfolio.
This takeover enables the German electronic payment and risk management solutions company to continue its strategy of intensifying its expansion by establishing key international locations in growth regions.
Additional benefits in taking over Procard are the acquisition of both a regionally entrenched management and a team of staff members with experience in the field of payment processing.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.