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Wirecard bankruptcy, from Sisalpay twenty million to protect customer accounts – La Stampa

SisalPay | 5, the first proximity banking company in Italy, has developed a plan to manage the Wirecard crisis, with the support of the shareholders Cvc Capital Partners and Banca 5. «The company – reads a statement – despite the total absence of responsibility, it assumed the financial burden directly and took charge of immediately returning the frozen sums of money, to protect the interests of its customers “. The initiative provides for an economic coverage plan worth over € 20 million. On June 26, in fact, the functionality of over 325,000 prepaid cards in Italy were blocked, following the crash of the German group of financial technologies and services Wirecard on the decision of the English banking supervisory authority that blocked the Wirecard cards worldwide . “The company, with the same bewilderment and amazement of its customers, has therefore found itself having to manage a complex and delicate situation caused by a third party supplier”. Already on Saturday SisalPay | 5 had reassured customers and affiliated businesses, through formal and direct communication, on the funds deposited and the return of the sums. SisalPay brand card holders will have the opportunity to transfer the balance directly to a new prepaid card, issued in partnership with Banca 5.

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