PhotonPay has officially obtained an Electronic Money Institution (EMI) license from the UK's FCA.

PANews October 17 news, according to official information, next-generation payment operating system PhotonPay has announced that it has officially obtained an Electronic Money Institution (EMI) license issued by the UK Financial Conduct Authority (FCA). This license allows PhotonPay to issue electronic money under the UK regulatory framework and to provide relevant payment services to customers within the authorized scope, further improving its local financial infrastructure layout in the UK and European markets.

JP, Global Compliance Officer of PhotonPay, said: "Obtaining the UK EMI license is an important milestone in PhotonPay's continued expansion of its global compliance footprint. The UK is one of the most influential markets in the global financial system. This authorization not only further strengthens our local compliance foundation, but also provides important support for us to continue building global financial infrastructure covering more markets, currencies, and payment scenarios. As our business continues to expand, we will continue to be compliance-based and provide global enterprises with more efficient and more stable payment and treasury management capabilities."