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PhotonPay Officially Obtains UK FCA Electronic Money Institution (EMI) License

Next-generation payment operating system PhotonPay announces that it has officially been granted the Electronic Money Institution (EMI) license issued by the UK Financial Conduct Authority (FCA). This license permits PhotonPay to issue electronic money under the UK regulatory framework and provide relevant payment services to customers within the authorized scope, further optimizing its local financial infrastructure deployment across the UK and European markets. JP, Global Compliance Officer of PhotonPay, stated: "Obtaining the UK EMI license is a key milestone for PhotonPay as it continues to expand its global compliance footprint.

Source: PANewsRead original

PhotonPay Officially Obtains UK FCA Electronic Money Institution (EMI) License | CoinByte