The Paypers

DECEMBER 9, 2022

Google Pay has received a license to operate as a payment institution in Brazil, allowing it to initiate payment transactions.

Payments Institute 69

Payments Institute Central Bank Payments Transactions 69

Payments Dive

MARCH 14, 2017

Given the possibility of the upcoming UK's withdrawal from the EU, Lithuania has offered an interesting proposal for licensing of payment institution.

Payments Institute 60

Payments Institute Payments 60

Finextra

AUGUST 5, 2024

Pay2All”), a licensed Payment Institution authorized by the Central Bank of Brazil. Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, today announces that it has entered into a definitive agreement to acquire Pay2All Instituição de Pagamento Ltda.

Payments Institute 52

Payments Institute Acquirers Central Bank Agreements 52

The Payments Association

OCTOBER 23, 2024

On 25 September 2024, the UK Financial Conduct Authority (FCA) published its long-awaited Consultation Paper (CP24/20) setting out proposed changes to the safeguarding rules applicable to electronic money institutions (EMIs) and payment institutions (PIs) (together, payments firms).

Rules 88

Rules Payments Institute Authorization Reconciliation 88

The Paypers

NOVEMBER 28, 2024

France-based Spendesk has announced the launch of Spendesk Financial Services, its payment institution, which is now available in the region and the EU.

Payments Institute 45

Payments Institute Payments 45

Fintech Finance

APRIL 24, 2024

Singapore-based fintech startup Qashier announced today that the company has been awarded in-principle approval by the Monetary Authority of Singapore (MAS) for a major payment institution licence to offer merchant acquisition services, and domestic and cross-border money transfer services.

Payments Institute 52

Payments Institute Cross-Border Cross-Border Payments Payments 52

Finextra

NOVEMBER 27, 2024

French spend management platform Spendesk has launched a financial services division operating under a licence from Autorité de contrôle prudentiel et de résolution, giving the firm end-to-end control over its payment services infrastructure.

Payments Institute 64

Payments Institute Payments 64

Finextra

OCTOBER 15, 2024

Aspire, a Singapore-headquartered all-in-one finance platform for modern businesses, today announced that it has received in-principle approval (IPA) for the Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS).

Payments Institute 52

Payments Institute Security Authorization Payments 52

The Paypers

NOVEMBER 23, 2021

Switzerland-based fintech Amnis has received a payment institution license from the Principality of Liechtenstein.

Payments Institute 48

Payments Institute Payments FinTech 48

Finextra

JANUARY 10, 2024

has received in-principle approval (IPA) from the Monetary Authority of Singapore (MAS) for a Major Payment Institution Licence. BitGo, the leading provider of financial services for digital assets, announces that its subsidiary in Singapore, BitGo Singapore Pte.

Payments Institute 49

Payments Institute Authorization Payments 49

The Nilson Report

APRIL 5, 2024

The post Currencycloud Granted ‘In-Principle Approval’ for Major Payment Institution License by the Monetary Authority of Singapore appeared first on Nilson Report.

Payments Institute 52

Payments Institute Authorization Payments Posting 52

Fintech Finance

DECEMBER 13, 2023

Worldline (Euronext: WLN), a global leader in payment services, announces its wholly owned subsidiary, GCS APAC, has been granted Major Payment Institution license by the Monetary Authority of Singapore (MAS).

Payments Institute 52

Payments Institute APACS Cross-Border Push-to-Card 52

Payments Source

NOVEMBER 23, 2020

electronic money and payments institution licenses across the EU won’t be passportable across the EU. Many countries are positioning themselves as a destination for fintechs seeking EU-wide licenses as the U.K. leaves the EU. Following Brexit, U.K.

FinTech 154

FinTech Posting Payments Institute Payments 154

The Paypers

NOVEMBER 28, 2024

France-based Spendesk has announced the launch of Spendesk Financial Services, its payment institution, which is now available in the region and the EU.

Payments Institute 36

Payments Institute Payments 36

Payments Dive

APRIL 3, 2017

When choosing the jurisdiction for future payment business it is necessary to consider a large number of different aspects: these are license cost, license acquisition time, office costs and salary of employees in the licensing country (requirements of each regulator provide for at least one staffed operating office).

Payments Institute 60

Payments Institute Payments Regulations 60

Finextra

DECEMBER 13, 2023

Worldline (Euronext: WLN), a global leader in payment services, announces its wholly owned subsidiary, GCS APAC, has been granted Major Payment Institution license by the Monetary Authority of Singapore (MAS).

Payments Institute 45

Payments Institute APACS Authorization Payments 45

The Paypers

NOVEMBER 28, 2023

Payment services provider Worldline has announced it was granted Payment Institution Authorisation by the Financial Conduct Authority (FCA) in the UK.

Payments Institute 45

Payments Institute Authorization Payments Service Provider 45

The Paypers

MARCH 9, 2023

UK-based fintech Paytrix has announced the receipt of a payments institution licence which enables it to deliver regulated global payments solutions to businesses.

Payments Institute 36

Payments Institute Payments Global Payments Payment Solutions 36

The Paypers

AUGUST 5, 2024

Nuvei has announced a definitive agreement to acquire Pay2All a payment institution licensed by the Central Bank of Brazil.

Payments Institute 36

Payments Institute Acquirers Central Bank Agreements 36

Finextra

NOVEMBER 28, 2023

Worldline (Euronext: WLN), a global leader in payment services, announces it has been granted Payment Institution Authorisation by the Financial Conduct Authority (FCA).

Payments Institute 40

Payments Institute Payments Authorization 40

The Nilson Report

DECEMBER 13, 2023

The post Worldline Subsidiary Obtains ‘Major Payment Institution’ License for Singapore appeared first on Nilson Report.

Payments Institute 40

Payments Institute Payments Posting 40

The Paypers

AUGUST 23, 2019

(The Paypers) The Dutch National Bank has granted 2Checkout , a global monetisation platform for global businesses, a PSD2 Payment Institution license.

Payments Institute 40

Payments Institute Payments 40

The Paypers

JULY 26, 2024

Zro Bank , a cryptocurrency payment company and IP4Y an issuer of electronic currency, have received authorisation from the Central Bank (BC) to become payment institutions.

Payments Institute 36

Payments Institute Central Bank Issuers Cryptocurrency 36

The Paypers

DECEMBER 16, 2022

Crypto.com has become the first cryptocurrency exchange to receive a Payment Institution Licence from the Central Bank of Brazil.

Payments Institute 36

Payments Institute Central Bank Cryptocurrency Payments 36

The Paypers

NOVEMBER 13, 2023

Brazil-based financial services company Zoop has become a licenced payments institution following an authorisation from the local Central Bank.

Payments Institute 36

Payments Institute Central Bank Payments 36

The Paypers

OCTOBER 3, 2023

The Singapore branch of Sygnum has obtained a Major Payment Institution Licence from the Monetary Authority of Singapore.

Payments Institute 36

Payments Institute Authorization Payments 36

Payments Dive

APRIL 3, 2017

When choosing the jurisdiction for future payment business it is necessary to consider a large number of different aspects: these are license cost, license acquisition time, office costs and salary of employees in the licensing country (requirements of each regulator provide for at least one staffed operating office).

Payments Institute 60

Payments Institute Payments Regulations 60

Payments Dive

NOVEMBER 28, 2016

Within the EU, the UK has the least restricted business environment, the least restricted regulated marketplace and workforce, the largest international transport system, best communications, most widely spoken language, lowest top rate of personal taxation and the UK is the leading exporter of financial services.

Payments Institute 60

Payments Institute Regulations Payments 60

Payments Dive

OCTOBER 18, 2016

The Paydek payment institution (registration in FCA, Great Britain) being the master agent of Anelik.Ru Learn how the payment institution. international system of remittances, had no own information system, it was operating through the Anelik software. is operating today.

Payments Institute 99

Payments Institute Payments 99

The Paypers

JULY 21, 2023

dLocal has been licensed as a payments institution by the central bank of Brazil, enabling it to offer a suite of financial services and take part in Pix.

Central Bank 36

Central Bank Payments Institute Payments 36

Payments Source

JANUARY 23, 2019

EU states such as Belgium, Lithuania and Ireland are offering e-money institution, payments institution or banking licenses to fintechs, which can be passported across Europe, in anticipation of the U.K. losing its ability to do so after Brexit.

Cross-Border 110

Cross-Border FinTech Payments Institute Accounts 110

Finovate

MARCH 7, 2024

Currencycloud was offered In-Principle Approval to serve as a Major Payment Institution license holder in Singapore. “The IPA for a Major Payment Institution License is testament to the strength of the Currencycloud brand,” said Currencycloud Managing Director of APAC Rohit Narang.

Multi-Currency 97

Multi-Currency Cross-Border APACS Cross-Border Payments 97

Payments Dive

SEPTEMBER 30, 2016

Maxim Ivanchenko, Advapay ОÜ, Canopus: The authorisation as a payment institution or an e-money institution can be a good alternative to a banking license.

Payments Institute 97

Payments Institute Payments 97

Fintech News

DECEMBER 3, 2024

These include the 2022 SFF Global Fintech Award, 2023 Best Cryptocurrency Payment Company by APAC Insider, 2024 PayTech of the Year and Disruptor of the Year at the Asia Fintech Awards, and a 6th place ranking on Hoptrail’s Global Anti-Money Laundering (AML) Leaderboard.

Stablecoins 117

Stablecoins Money Laundering Cryptocurrency Payments 117

The Paypers

DECEMBER 21, 2020

Singapore-based payments processing services company COMO Group has acquired ONPEX , a Luxembourg-based payment institution.

Payments Institute 28

Payments Institute Acquirers Payments Process 28

The Paypers

JUNE 4, 2020

Enfuce , a large Finland-based fintech startup, has been accredited as an authorised payment institution by the Finnish Financial Supervisory Authority (FIN-FSA).

Payments Institute 28

Payments Institute Accreditation Authorization Payments 28

Fintech News

JANUARY 24, 2024

Each license allows the holder to conduct multiple specific payment services. Data from MAS’ Financial Institutions Directory show that as of August 01, 2022, 231 Money-Changing, 13 Standard Payment Institutions, and 175 Major Payment Institution licenses had been issued.

Service Provider 97

Service Provider Cryptocurrency Payments Institute Stablecoins 97