Wirecard Acquires Payment Service Provider in Dubai
Wirecard has acquired Procard Services, headquartered in Dubai, United Arab Emirates (UAE). Procard Services specialises in services relating to electronic payment processing, credit card acceptance and the issuing of debit and credit cards, and the company has a regional customer portfolio.
This takeover enables the German electronic payment and risk management solutions company to continue its strategy of intensifying its expansion by establishing key international locations in growth regions.
Additional benefits in taking over Procard are the acquisition of both a regionally entrenched management and a team of staff members with experience in the field of payment processing.