Mangopay, a platform-specific payment infrastructure provider, has proudly announced its recent authorisation by the FCA as an EMI.
This pivotal e-money license is a testament to Mangopay’s dedication to extending its comprehensive suite of services to businesses based in the UK. It’s also an integral step towards expanding the company’s operations within the British Isles.
Renowned for providing a flexible modular payments infrastructure, Mangopay serves thousands of platforms globally. Esteemed brands such as Vinted, Chrono24, Wallapop, La Redoute, and Rakuten are among its clientele. The newly acquired e-money license will empower Mangopay to issue electronic money and streamline digital payments. Additionally, it will facilitate a spectrum of payment solutions tailored to the needs of its clients, simplifying the labyrinth of digital commerce and fuelling international growth.
Mangopay CEO Romain Mazeries said, “At Mangopay we are laser focused on providing marketplaces and multi-sided platforms of all types with tailored, modular solutions that remove the complexity of payments and help their businesses to grow.” He highlighted that the FCA authorisation is a catalyst for further innovation and expressed eagerness to continue serving UK businesses.
Luke Trayfoot, Group Chief Revenue Officer at Mangopay, elaborated on the company’s solid presence in Europe and mentioned that the FCA license is pivotal for achieving ambitious growth plans in the UK. He said, “Mangopay already has a very strong footprint in Europe, and the FCA license is critical to us achieving our ambitious growth plans for the UK as we expand our business. We are extremely proud to be receiving our e-money license in the UK, which validates the robust capital, regulatory, and security standards that we uphold.”
Keep up with all the latest FinTech news here.
Copyright © 2023 FinTech Global
