Payoneer received its Electronic Money License (EMI) from the Financial Conduct Authority (FCA).
Payoneer may operate in the UK and serve UK firms with the license. The payments provider wants to expand in British digital finance.
Payoneer Payments Services UK Ltd CEO and SVP Europe James Allum stated:
“The FCA traditionally sets the tone of financial regulation globally and therefore we are extremely proud to be receiving our e-money license in the UK. We’re excited to be able to continue serving our customers in the UK and with our relationship with the FCA. Our customers in the UK now have confidence in Payoneer’s consistent ability to provide regulated financial services of the highest standard.”
Payoneer has licenses in the UK, Europe, US, Hong Kong, Japan, Australia, and India and is awaiting its EMI in Singapore.
