German deal with BillPay sets up change of image for Wonga

[Tools]

The payday lender Wonga has struck a major deal which it hopes will take it out of the Archbishop of Canterbury’s bad books.
It is buying Germany’s second-biggest online payment firm BillPay in a move which will treble its annual revenues and allow it portray itself as a “broad-based, digital-finance group” rather than just another payday lender.


German deal sets up change of image for Wonga - The Independant

[bluebottle]

Re: German deal with BillPay sets up change of image for Wonga

Nothing short of closing down Wonga will convince me that it is fit to operate under an OFT licence.

[wales01man]

Re: German deal with BillPay sets up change of image for Wonga

Think the reputation to date is here to stay for this company!

[enquirer]

Re: German deal with BillPay sets up change of image for Wonga

The deal will also give Wonga access to an awful lot of confidential information. One wonders if the Germans are aware that they now have a viper in their midst.

It might make a good piece in a German newspaper.