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Singapore’s Nium to acquire Wirecard’s forex unit in India
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The acquisition of Wirecard Forex will mark Nium’s entry into the Indian market, where it will directly engage in a variety of payment services, such as currency conversion, money transfer and prepaid card issuance, CEO Prajit Nanu says.
AP
Wirecard Forex India is a licensed authorised dealer under the Reserve Bank of India’s regulations and a remittances service provider in the country.
Mumbai: Singapore-based Nium has signed a definitive agreement to acquire fraud-hit Wirecard’s foreign exchange unit in India, as part of the latter’s insolvency process.