Tagged: emi

September 12, 2025 @ 1:09 pm By JD Alois  |  

US-based Fintech Rippling has been approved by the UK Financial Conduct Authority to provide services under an electronic money institution (EMI) license. The approval allows various financial services, including the possibility of offering certain bank-like services. Rippling is a platform that offers HR, IT, spend… Read More

May 28, 2025 @ 12:15 pm By JD Alois  |  

UK-based Fintech Merge has received approval to operate under an Electronic Money Institution (EMI) licence and Virtual Asset Service Provider (VASP) granted by the AMF and ACPR in France. Merge states that it is one of the few firms to hold both regulatory approvals. Merge… Read More

November 20, 2024 @ 7:35 am By Omar Faridi  |  

Paxos, a regulated blockchain and tokenization infrastructure platform,  announced it has agreed to acquire Membrane Finance, an Electronic Money Institution (EMI) based and licensed in Finland. The acquisition is subject to “regulatory approval.” After the completion of the acquisition, Paxos will be a “fully licensed”… Read More

August 30, 2024 @ 8:21 am By Omar Faridi  |  

Over the last seven years, Nium has steadily grown its presence in Lithuania following the approval of its Electronic Money Institution (EMI) license by the Bank of Lithuania in 2017. The license has enabled the fintech “to better serve its European and global business customers… Read More

February 29, 2024 @ 4:00 am By JD Alois  |  

Volt is the next Fintech to be approved by the UK Financial Conduct Authority (FCA) to be approved as an E-money service provider. Currently, Volt provides real-time payments. Frequently, once a platform is an E-money institution (EMI) they may offer additional financial services. Volt states… Read More

November 1, 2023 @ 9:18 am By Omar Faridi  |  

Mangopay, a platform-specific payment infrastructure provider, announces that it has been authorized by the Financial Conduct Authority (FCA) as an Electronic Money Institution (EMI). MangoPay is a successful, France-based Fintech that was acquired by a French bank in 2015. The new e-money license from the… Read More

July 21, 2023 @ 9:01 am By Omar Faridi  |  

Nexpay, a Lithuanian Electronic Money Institution (EMI) providing business banking solutions for digital companies, has announced its enhanced service offering by adding SWIFT payments in 23 currencies. This strategic move caters “to the evolving needs of digital businesses worldwide and advances Nexpay‘s ambition to bring… Read More

June 27, 2023 @ 5:04 pm By JD Alois  |  

The Bank of Lithuania has terminated the electronic money institution (EMI) license of UAB Payrnet. The bank said the license was revoked due to “serious, systematic and multiple violations of legal act. The company allegedly violated the Law on Electronic Money and Electronic Money Institutions,… Read More

June 5, 2023 @ 8:44 am By JD Alois  |  

PayFuture has received an Electronic Money Institution (EMI) license from the UK Financial Conduct Authority (FCA). PayFuture states that with the EMI license, it will start to offer a suite of payment products, including the ability to issue electronic money, facilitate digital payments, and money… Read More

April 28, 2023 @ 8:24 am By Omar Faridi  |  

TransferMate, the provider of B2B payments infrastructure as a service, has been granted authorization as an Electronic Money Institution (EMI) by the Central Bank of Ireland. Acquiring EMI authorization allows TransferMate “to offer an extended service to their customers and partners.” It means customers can… Read More

December 27, 2022 @ 1:30 pm By Omar Faridi  |  

The State Bank of Pakistan (SBP), the nation’s central bank, has reportedly granted approval to the test launch of the country’s very first agriculture-focused Fintech platform, Digitt+ (providing an Electronic Money Institution or EMI permit). Digitt+ is supported by Akhtar Fuiou Technologies (AFT), the firm… Read More

November 28, 2022 @ 9:45 am By JD Alois  |  

BVNK has reportedly gained a UK Electronic Money Institution (EMI) Licence via the acquisition of System Pay Services Limited (SPS Ltd). SPS has held an EMI license authorized by the Financial Conduct Authority (FCA) since 2020. The deal was approved by the FCA. BVNK is… Read More

June 25, 2022 @ 11:28 am By JD Alois  |  

PSD2 or the European Payment Services Directive 2, has been in force since 2016 but payment services providers had until 2018 to adhere to the rules. The EU directive requires providers to incorporate heightened authentication features as well as taking aim at APIs that may… Read More

January 25, 2022 @ 8:38 am By JD Alois  |  

Modulr, a payments Fintech based in Amsterdam, has been approved to operate as an Electronic Money Institution (EMI) by De Nederlandsche Bank (DNB).  Modulr is already approved to operate as an EMI in the UK and Ireland. Modulr states that it doubled its lifetime payment… Read More

July 29, 2021 @ 10:17 am By JD Alois  |  

Pacypay, a payments service provider, has received approval from the UK Financial Conduct Authority (FCA) to operate as an Electronic Money Institution (EMI), according to a note from the company. Pacypay is part of Ronghan International and also includes OnerWay to facilitate payments and transfers…. Read More

November 19, 2020 @ 11:03 pm By Omar Faridi  |  

India-based banking group ICICI Bank has launched an all-digital mode of payment at major retail stores. Referred to as the “ICICI Bank Cardless EMI” (Equated Monthly Instalments), the facility allows thousands of the bank’s pre-approved customers to purchase their favorite gadgets or home appliances simply… Read More

October 23, 2020 @ 6:27 pm By Omar Faridi  |  

Lizzie Chapman, CEO and Co-Founder at ZestMoney, which claims to be one of India’s fastest-growing Fintech businesses, has confirmed that the company has teamed up with Apple (NASDAQ:AAPL)  to “drive affordability” in India. Chapman noted: “Until now Apple products were relatively unaffordable for the mass… Read More

October 21, 2020 @ 9:20 pm By Omar Faridi  |  

Lizzie Chapman, CEO and Co-Founder at ZestMoney, which claims to be one of the largest and fastest-growing Fintech firms in India, notes that as the festive season begins in India, the company has seen a significant increase in demand for online “affordability” solutions from its… Read More

October 1, 2020 @ 9:38 pm By Samantha Hurst  |  

Less than two weeks after launching its equity crowdfunding campaign on Seedrs, FCA authorized e-Money Institution Ziglu has successfully secured nearly £2.4 million from more than 800 Seedrs investors. Founded in 2018 by former Starling Bank CTO Mark Hipperson, Ziglu states it has built a… Read More

September 21, 2020 @ 9:08 am By JD Alois  |  

FCA authorized e-Money Institution Ziglu kicked off a crowdfunding round on Seedrs today and quickly topped its £1 million goal. The offering is live for up to 40 more days. According to the offering page, Ziglu is selling equity in the company at a pre-money… Read More