eMerchantPay becomes Authorised Electronic Money Institution (EMI)

eMerchantPay achieves comprehensive corporate, financial and operational structures, practices, policies and procedures in accordance with the Electronic Money Regulations 2011.

London, August 4th, 2017eMerchantPay, a leading global payments service provider, is now registered as an Authorised Electronic Money Institution (EMI). This enables the company to further enhance its product offering through the development of new payment channels.

Online businesses will benefit from increased customer conversions with a host of payment services such as: payouts, eWallets, pre-paid cards and more, delivered as a one stop shop.

Continuing its involvement in the payments industry, eMerchantPay has also joined the Prepaid International Forum (PIF), helping shape the pre-paid landscape on behalf of its merchants and partners.

“The EMI license allows for the opportunity to develop new payments capabilities for our merchants who in turn will benefit from additional revenue streams. We continue to invest in our payments technology and look forward to working closely with PIF, providing a unified voice for the pre-paid sector.” – Jonas Reynisson, CEO.

About eMerchantPay

eMerchantPay is a leading online, mobile and POS payment service provider. We help e-commerce businesses of all sizes and sectors accept payments via multiple customer touch points. Designed to increase conversions, our offering includes robust payment processing technology, coupled with popular alternative payment methods and a range of acquiring services. eMerchantPay Limited is registered as an Authorised Electronic Money Institution (EMI) and has the FCA’s permission to issue electronic money (e-money) and provide payment services under registration number 900778.

About the FCA

The Financial Conduct Authority (FCA) is a financial regulatory body in the United Kingdom, but operates independently of the UK government, and is financed by charging fees to members of the financial services industry. The FCA regulates financial firms providing services to consumers and maintains the integrity of the UK’s financial markets.