B2B Payment Solutions Ltd, a subsidiary of the B2Broker Group, has received an electronic money institution (AEMI) license from the United Kingdom’s Financial Conduct Authority (FCA), Finance Magnates has learned.
With this, the company is now aiming to offer payment services to regulated forex brokers and licensed liquidity providers. It will also extend its services to corporate IT businesses and e-commerce platforms across the UK and Europe.
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“Our goal is to enable the B2Broker ecosystem to access payment accounts and attract new clients to the financial industry,” Ievgen Iugrinov, the company’s product manager, said in a statement. “We are delighted to be able to offer the latest genre of e-payment services as an AEMI which places us in the same league as leading industry players who also conduct their UK and European operations under the same license.”
Filling the crisis of payments in the brokerage industry
Headquartered in London, the payments company came into existence earlier this year and obtained this license in a short period.
To ease the deposit and withdrawal services of the large number of brokers operating in the region, the platform will offer services like IBANs, SEPA transfers for Europe, and Faster Payments in the UK.
It also has plans to add SWIFT transfers, card processing, and electronic money wallets in the future.
“I believe we will offer a groundbreaking service to all users who need instant access to a range of e-payment services,” B2B Payment Solutions’ co-founder Evgeniya Mykulyak said.
“We will be providing a range of services where our customers can be assured that their transactions will not only be fast, but safe and secure. With deep industry knowledge in the payments industry, our company has big plans for the future which will firmly place us in a prime position in the Fintech industry.”
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