The company holds licenses in Japan, Australia and Hong Kong.
Payoneer payments are processed through a secure, compliant and audited platform that is overseen by global financial regulators.
According to the company, the FCA authorization shows its commitment to the UK. The company aims to offer regulated financial solutions for the UK market and to expand its reach in the UK.
James Allum, CEO of Payoneer Payment Services UK Ltd. and SVP Europe at Payoneer, stated:
The FCA has been a leader in financial regulation worldwide and we are proud to have received our e-money licence 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.”
LeapRate first published the post Fintech Firm, Payoneer Receives UK FCA E-Money License
