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SoftBank is investing $ 1 billion for a 6% stake in payment processor Wirecard



SoftBank will invest 900 million euros (US $ 1 billion) in the German fintech company Wirecard as part of a strategic partnership for digital payments.

"With SoftBank, we have found a partner who shares our passion for new technologies and spearheads the latest innovations on a global scale," said Markus Braun, CEO of Wirecard.

"In addition, through this potential partnership, we will extend our reach and our products to the East Asian markets and further strengthen our position in Asia."


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