India's Pine Labs mulls buying part of Wirecard’s Asia biz: Report

Indian payments company Pine Labs is in preliminary talks to buy beleaguered fintech company Wirecard AG’s businesses in Southeast Asia and India, Bloomberg reported, quoting sources.

Wirecard, headquartered in Germany, is a payment and risk management service provider that made headlines last month for filing bankruptcy after $2 billion from its balance sheet reportedly went missing on account of an alleged accounting fraud.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter