You are here


Wirecard shutdown leaves some complacent merchants stranded

Wishful thinking, aversion to change, difficult IT systems also cited for firms like M1, Safra, Starbucks scrambling to find alternatives

A Starbucks Singapore spokesperson told BT the coffee chain is still troubleshooting its online and in-app payments.


COMPLACENCY, resistance to change and wishful thinking were what led to some large businesses being left high and dry by Wirecard's cessation of its payments-processing services in Singapore last week, industry watchers say.

These merchants, including M1, Safra and...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to