PaymentLink Pte. Ltd. operates payment networks for local contactless payment cards. It also distributes local prepaid cards and provides point of sale infrastructure as well as payment and technology services, for banks and financial service providers. The company was formerly known as QB Pte Ltd. The company was incorporated in 2002 and is based in Singapore. PaymentLink Pte. Ltd. operates as a subsidiary of Korvac Holdings Private Limited. As of October 31, 2013, PaymentLink Pte. Ltd. operates as a subsidiary of Wirecard AG.