Finance

Wirecard to resume UK operations after FCA lifts restrictions

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An employee demonstrates the Wirecard AG online payment smartphone app on the company’s exhibition stand at the Noah Technology Conference in Berlin, Germany, on Thursday, June 13, 2019.

Krisztian Bocsi | Bloomberg via Getty Images

Wirecard has been given permission to carry out regulated activities in the U.K. again following a decision from regulators to lift restrictions on the firm.

The Financial Conduct Authority (FCA) said Tuesday that it had provided Wirecard’s U.K. subsidiary, Wirecard Card Solutions, written consent to resume e-money and payment services, though some restrictions still remain in place. The watchdog had forced the firm to halt operations on Friday after its parent…



Source cnbc.com

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