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Wirecard estimates group revenues to reach at least €10B by 2025

Wirecard AG expects group revenues to reach at least €10 billion as part of its 2025 targets, with EBITDA of more than €3.3 billion.

The German payment services provider said Oct. 9 that it also anticipates transaction volume to increase to more than €710 billion by 2025.

Wirecard said its strategy to achieve these targets would focus on speeding up convergence of online, mobile and point of sale, and deploying technologies to allow for omnichannel commerce through one platform. The company will also focus on significantly increasing turnover for merchants through data-driven services.

The company, which has seen its share price rise amid a boom in financial technology payments services, recently replaced Commerzbank AG in Germany's benchmark DAX stock index.