Wirecard Solutions South Africa Acquired by Adumo
The break up of the once high-flying Fintech
Wirecard continues as the insolvency administrator has announced that Wirecard Solutions South Africa has been acquired by
Adumo RF Pty Ltd, subject to approval by the local regulatory authorities. Today’s announcement follows similar announcements of the various subsidiaries previously operated by Wirecard.
Wirecard South Africa was said to be the leading e-commerce payment processor in the region, maintaining its independent technology platform that is adapted to local banking infrastructures and regulatory guidelines in South Africa and other sub-Saharan African countries. Wirecard South Africa was said to have attracted interest from local, regional and international companies.