PhotonPay Obtains UK FCA Financial Payment Institution License
Company News | 2024-02-23 09:02:00
PhotonPay has recently obtained a financial payment institution license from the UK's Financial Conduct Authority (FCA), signaling a significant achievement in its quest for international compliance.
Since its inception in 2015, PhotonPay has been actively seeking opportunities in the global market, aiming to create a conducive environment for businesses to expand globally while operating locally. Over the years, PhotonPay has developed a diverse product portfolio, including Online Payments, Global Accounts, Card Issuing, and FX Management.
The UK's FCA is recognized as a leading global financial regulatory authority, known for its rigorous oversight comprehensive financial regulatory framework, and investor protection policies, which hold substantial global credibility.
Obtaining FCA authorization underscores the acknowledgment of PhotonPay's products and compliance standards by local regulatory authorities, highlighting its overall robust capabilities and elevating its international compliance. PhotonPay already holds financial service licenses or registrations in the UK, USA, Canada, and Hong Kong. With the FCA license, PhotonPay intends to enhance its financial service offerings and risk control systems, providing clients with a wide range of end-to-end payment solutions to drive further growth.
Moving forward, PhotonPay will continue to pursue international compliance, uphold the highest industry standards, and keep refining its products and compliance systems to better provide global payment services to companies.
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PhotonPay, an innovative digital financial infrastructure service provider, has announced a strategic partnership with Coshine to optimize the capability of Photon Card through its issuer processing services.
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