Wirecard AG and SoftBank Group Corp. have signed a binding term sheet under which an affiliate of SoftBank (SoftBank) shall invest approximately EUR 900 million in Wirecard via a convertible bond mechanism. In connection with the investment, the parties have also signed a memorandum of understanding (MoU) on a strategic partnership for digital payment solutions.

Under the MoU, SoftBank Group will seek to support Wirecard's geographic expansion into Japan and South Korea, as well as providing collaboration opportunities within SoftBank Group's global portfolio in digital payments, data-analytics/AI and other innovative digital financial services. It is anticipated that the partnership will also extend to joint exploration of new product and service offers in digital lending in order to leverage from high quality customer portfolios, strong liquidity and other innovative financing solutions.