UK’s eMerchantPay receives e-money licence

eMerchantPay has received an e-money licence from the UK’s Financial Conduct Authority (FCA).

UK’s eMerchantPay receives e-money licence

The company, which offers online, mobile and POS payment services to e-commerce businesses, will now also be able issue payouts, e-wallets and prepaid cards.

eMerchantPay CEO Jonas Reynisson said: “The EMI license allows for the opportunity to develop new payments capabilities for our merchants who in turn will benefit from additional revenue streams.We continue to invest in our payments technology and look forward to working closely with PIF, providing a unified voice for the prepaid sector.”

Also, eMerchantPay has joined the Prepaid International Forum (PIF) – a UK-based trade association that advocates globally for the prepaid industry.