India's Pine Labs mulls buying part of Wirecard’s Asia biz: Report

India's Pine Labs mulls buying part of Wirecard’s Asia biz: Report

The headquarters of Wirecard AG, an independent provider of outsourcing and white label solutions for electronic payment transactions is seen in Aschheim near Munich, Germany April 25, 2019. REUTERS/Michael Dalder

Indian payments company Pine Labs is in preliminary talks to buy beleaguered fintech company Wirecard AG’s businesses in Southeast Asia and India, Bloomberg reported, quoting sources.