Softbank will invest 900 million euros in Wirecard and reach a digital payment solution partnership

Recently, German payment company Wirecard AG signed an agreement with Japan Softbank Group. Under the agreement, Softbank will invest 900 million euros (approximately $1 billion) into Wirecard through a convertible bond mechanism. In addition, the two companies also signed a memorandum of understanding on a digital payment solution, and Softbank supported Wirecard AG to expand its services to new markets, starting with South Korea and Japan. Both parties want to launch a digital asset lending platform.