Who are Minance's competitors

ExclusiveAdyen is not interested in Wirecard

The Dutch payment group Adyen does not want to take over its ailing German competitor Wirecard. "We are not making any acquisitions," said the company when asked by Finance Forward and Capital.de. Pieter van der Does, head of the Dutch payment service provider, had already emphasized in the past that his company did not want to grow through mergers.

The payment service provider is sticking to this strategy despite the extraordinary situation: Wirecard is in its greatest crisis and filed for bankruptcy on Thursday morning. The scandal revolves around balance sheet manipulation in the billions. "For Wirecard, filing for insolvency is an opportunity to sell the healthy parts of the company," emphasizes payment expert Marcus Mosen. Now the industry is speculating whether parts of the Dax group could be taken over - and if so, by whom. Other competitors are, for example, Worldline or Ingenico.

With a stock market valuation of around 40 billion euros, Adyen is one of the most important payment service providers in the world. Even major Wirecard customers could now migrate to the competition, such as the supermarket chain Aldi. "We always talk to the dealers," says Adyen. The Wirecard crisis is now even more "an impetus for further discussions" with potential customers.

This article first appeared on Finance Forward.