some Wirecard clients that they may stop allowing Wirecard to process payments, and changing processors would allow firms to avoid any potential issues.
These developments illustrate that firms can target Wirecard's business by either acquiring its business or targeting its clients, but those positions are in direct competition with each other. Wirecard €124.2 billion in transaction volume in the first three quarters of 2019, making its business a valuable target.
Firms are looking to acquire portions of Wirecard's business in the hopes of picking up some of this volume, but they may lose out on some clients if Adyen and other firms continue to poach their existing customers. Meanwhile, competing firms may have more trouble stealing Wirecard's customers because clients may prefer to stick with their existing Wirecard services once they're acquired by an outside firm that's unrelated to Wirecard's scandal.
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