What to do if you are affected Wirecard ceasing operations in Singapore?
Wirecard Singapore, a popular payment processing service provider among merchants in Singapore, has ceased its operations in Singapore. Hence, leaving many merchants in limbo.
What are some e payment alternatives?
Other forms of e-payment like SGQR, PayNow and Nets are available in Singapore as well. Customers can pay through their mobile phones with SGQR, or PayNow, as well as through their Nets cards through Nets payments.
SGQR allows your customers to scan a QR code and pay through any one of the multiple payment gateways that your business accepts.
Alternative payment processing service providers
Merchants who have not made alternative e-payment arrangements can approach DBS, UOB, OCBC and Nets for merchant acquisition services.
The list of exempt entities who are currently providing merchant acquisition services, but have yet to obtain licences under the PS Act, can be found here
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