When one of the largest FinTech companies in Europe, and the former “Golden Child” of the German financial sector filed for insolvency last June, it sent shockwaves across the banking community.
In response to the collapse of European fintech bank Wirecard, Paxum has announced it will return its clients’ frozen Paxum branded prepaid Mastercard funds, at the company's own expense.
A major financial sector crisis surrounding the implosion of German e-commerce bank Wirecard has affected some adult industry merchants, mainly in Europe, according to sources in the payment processing sector.
