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WIRECARD FALLOUT

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

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

Singapore

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...

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