IPayments infrastructure provider Mangopay has been authorised as an Electronic Money Institution (EMI) by the Financial Conduct Authority (FCA).
In brief:
-The new FCA licence is key to the company’s “strategic commitment” to expanding operations in the UK
-Strengthening its position in the UK, the new authorisation will help the company grow in the UK.
-Founded in 2013, the modular payment infrastructure for platforms and marketplaces has offices in London, Dublin, Paris, Milan and five other major European cities. It has supported more than 2,500 platforms over the last decade.
What does this mean?
“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,” Mangopay CEO Romain Mazeries said.
