
Wirecard Legacy: High-Risk Payment Processor Payabl. And Its Business Model!
While the former Wirecard CEO Markus Braun is waiting for his trial in Germany, the insolvency administrator, Michael Jaffé, is trying to shed light on the scandal and claims damages against the former management and partners. In June 2022, he secured over €220 million from a subsidiary. Meanwhile, high-risk payment processor Payabl, founded and run by former Wirecard top executives, is thriving and promoting itself in an aggressive Wirecard-style on social media.