Wirecard has reached a definitive agreement to acquire Citi Prepaid Card Services – giving it an expansion into North America.
The firm says Citi Prepaid card services have launched over 2,500 client programmes, associated with global companies and brands, but primarily in North America.
Subject to the usual regulatory approvals, the deal is expected to close in Q4 2016. Wirecard will take on more than 100 employees at the head office in Conshohocken (Philadelphia) and 20 employees at different international hubs.
