Tagged: e-money

June 8, 2021 @ 12:29 pm By JD Alois  |  

e-Money, a protocol built for the issuance of interest-bearing currency-backed stablecoins, is seeking to challenge the established stablecoin market by providing an alternative that generates income. The Danish startup currently supports the Euro (EUR), Swiss Franc (CHF), Swedish Krona (SEK), Norwegian Krone (NOK) and the… Read More

May 21, 2021 @ 9:04 am By JD Alois  |  

Earlier this week, the UK Financial Conduct Authority issued a “Dear Chief Executive” letter to payment and e-money firms warning about adequate disclosure when it comes to affiliated risk and consumer money. Some Fintechs provide similar services as banks while not being fully regulated as… Read More

December 2, 2020 @ 9:24 am By Omar Faridi  |  

The developers at Fuse.io, a Tel Aviv based Fintech firm that aims to leverage (decentralized finance) DeFi infrastructure to create a platform for entrepreneurs that allows them to turn “communities into economies,” have partnered with Monerium in order to bring regulated fiat money to the… Read More

December 2, 2020 @ 8:07 am By Samantha Hurst  |  

PingPong Payments, a payment service provider for e-commerce sellers, announced on Wednesday it has received its authorization as an Electronic Money Institution (EMI) by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg. Founded in 2015, PingPong stated that its mission of helping global… Read More

November 17, 2020 @ 2:17 pm By Samantha Hurst  |  

FCA authorized e-Money Institution Ziglu is celebrating its Mastercard debit card launch by announced its Christmas Charity Campaign. The company reported it is planning to donate the price of a meal to Fareshare every time a customer uses their card for their supermarket shop online and… Read More

October 26, 2020 @ 2:45 pm By Samantha Hurst  |  

FCA authorized e-Money Institution Ziglu is set to close its equity crowdfunding campaign on Seedrs with more than £2.9 million raised. The funding round was launched last month and quickly secured its initial £1 million funding target. The campaign also attracted over 1100 Seedrs investors…. Read More

January 21, 2020 @ 3:00 am By JD Alois  |  

Monerium, a licensed e-money issuer will be utilizing the Algorand blockchain protocol to provide fiat currency transactions, according to a company release. Monerium is registered in Iceland and is authorized by the Financial Supervisory Authority of Iceland. The company received regulatory approval last June. The… Read More

December 23, 2019 @ 10:37 am By JD Alois  |  

The Monetary Authority of Singapore (MAS), the securities regulator for the country, has commenced consultation on “E-money and digital payment tokens (DPTs).” Singapore is a well-recognized Fintech hub. Financial innovation in the country has been aided by the explicit support of policymakers including the leading… Read More

October 31, 2019 @ 10:47 am By JD Alois  |  

Digital asset custody platform Koine has been granted authorization for the issuance of electronic money (EMI Licence) by the Financial Conduct Authority (FCA). Koine added that it has selected the UK as its “jurisdiction of preference” when it comes to a regulated market and that… Read More

September 25, 2019 @ 3:35 pm By Samantha Hurst  |  

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… Read More

January 13, 2019 @ 11:14 pm By Samantha Hurst  |  

Iceland-based fintech startup Monerium announced on Friday it secured $2 million through its latest seed funding round led by the Nordic VC fund, Crowberry Capital, with the participation of NY-based blockchain software technology company, ConsenSys, and Hof Holdings. The funds from the round will be used to issue… Read More

April 10, 2017 @ 5:07 pm By Samantha Hurst  |  

Independent financial advisory organization, deVere Group, announced on Monday it is launching its new global e-money app, deVere Vault. According to deVere Group, the debut of deVere Vault has been facilitated by the company receiving its e-money banking license. While sharing details about the new app, Nigel… Read More