Checkout.com, a global payment solutions provider based in the UK, announced on Wednesday has been awarded its E-Money Institution license in France by the Autorité de Contrôle Prudentiel et de Résolution (ACPR).
Checkout.com reported that with the license it will be able to issue, manage and provide payment services to European businesses from a French-regulated and autonomous entity. While sharing more details about the license, Guillaume Pousaz, chief executive of Checkout.com, stated:
“France is one of the most critical eCommerce markets in Europe and of great strategic importance to the continued success of our business. We are thrilled to be licensed as an E-Money institution at a time when French businesses have proven themselves as leaders in the ever-changing eCommerce space. As a company whose own leadership team has meaningful connections to the French community, we look forward to being a part of that growth.”
Pierric Bonnard, Directeur du bureau de Business France au Royaume-Uni, went on to add:
“At Business France, we help to attract some of the world’s fastest-growing fintechs to set up here, employing people from our highly skilled tech and startup community. We are thrilled that a forward-thinking, global company like Checkout.com has been granted a licence here to further its mission of building the future of banking. We look forward to working closely with them to continue growing a tech ecosystem in France with global reach and influence.”
Founded in 2012, Checkout.com helps companies accept more payments around the world through one integration. Its global payment processing platform features in-country acquiring, relevant payment methods, feature parity across geographies, fraud filters, and reporting features, through one API.