The company holds licenses in Japan, Australia and Hong Kong.
Payoneer claims that payments processed via Payoneer go through a compliant, highly audited and secure payment platform, which is overseen worldwide by financial regulators.
According to the company, the FCA authorization shows its commitment to the UK. The company aims to offer regulated financial solutions for the UK market and grow its presence in the UK.
James Allum, CEO of Payoneer Payment Services UK Ltd. and SVP Europe at Payoneer, stated:
The FCA is a global regulator of financial services. We are very proud to have been granted our emoney license in the UK. We’re excited to be able to continue serving our customers in the UK and with our relationship with the FCA. Our customers in the UK now have confidence in Payoneer’s consistent ability to provide regulated financial services of the highest standard.”
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