Mangopay, the payment infrastructure provider for platforms, has announced that the Financial Conduct Authority (FCA) gave him his Electronic Money License (EMI). in Great Britain. The license is an important requirement for Mangopay to offer its range of services to UK-based businesses and is evidence of the company’s strategic commitment to expanding its operations in this market.
Mangopay offers its Modular and flexible payment infrastructure on thousands of platforms around the world, including brands like Vinted, Chrono24, Wallapop, La Redoute and Rakuten.
The new EMI license enables Mangopay Issue electronic money, facilitate digital payments and offer a range of other payment solutions to meet the needs of its customers and help them navigate the complexities of digital commerce for international growth. UK-based companies operating in the market and platform economy will continue to benefit from the flexible and tailored payment infrastructure.
“At Mangopay, we are focused on providing marketplaces and multilateral platforms of all types with tailored and modular solutions that remove the complexity of payments and support the growth of their businesses.”has explained Romain Mazeries, CEO of Mangopay. “Developing exceptional products coupled with a focus on the customer is in Mangopay’s DNA and this license will enable further innovation in the market.” We are delighted to continue to serve businesses in the UK following receipt of our new FCA license“, emphasized the CEO.
Luke Trayfoot, Group Chief Revenue Officer of Mangopay and General Manager of the company’s UK operationsadded: “Mangopay already has a very strong presence in Europe and the FCA license is vital for us to achieve our ambitious growth plans in the UK and grow our business. We are very proud to receive our e-money license in the UKThis confirms the high capital, regulatory and security standards that we adhere to. We look forward to working with our existing and new UK customers to support them on their journey to growth here and around the world«.
