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Equals Group PLC 55 8% potential upside indicated by Canaccord Genuity
Equals Group PLC 55.8% potential upside indicated by Canaccord Genuity
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After Brexit and Wirecard, An Post switches issuer for currency card
After Brexit and Wirecard, An Post switches issuer for currency card Image: © kite rin/Stock.adobe.com The impacts of Brexit and the collapse of Wirecard caused many headaches for fintech services in recent months. An Post recently switched issuer for its An Post Money Currency Card, several months after the Wirecard debacle disrupted its services and as Brexit loomed. Like many payment and card services, An Post’s prepaid Money Currency Card had been using a UK-based issuer, in this case Wirecard Card Solutions (WCS). Last June, WCS was temporarily suspended by the Financial Conduct Authority (FCA) in the UK amid the storm surrounding its parent company Wirecard – the German fintech giant that was embroiled in a €1.9bn accounting fraud scandal.
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