FinTech Modulr has been granted an e-money licence by the Central Bank of Ireland.
In Brief:
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Modulr offers payments-as-a-service solutions for clients such as Revolut.
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Its Dublin base will now be able to expand services to EU businesses.
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The FinTech says through its partners it could bring digital, frictionless payments experiences to more than 500mn people.
What does this mean?
Modulr says the licence marks a “significant milestone” and Dublin will now be the base for its European expansion journey which can now go ahead regardless of Brexit.
