Fri, Sep 07, 2018 - Page 10 News List

Online payment start-up Wirecard pushes Commerzbank out of DAX 30

FINTECH TAKEOVER:Wirecard, which makes software for cashless and contactless payments, is to replace the German banking giant on the blue-chip index on Sept. 24

AFP, FRANKFURT, Germany

“At the moment it is obviously the case that the market values fintechs more highly than traditional banks,” Zielke said in a statement.

“This development shows that our strategy is the right one and spurs us on to push ahead with the transformation into a digital enterprise,” he said.

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