Smart2Pay obtains PI license from the Dutch Central Bank

Wednesday 30 March 2011 11:03 CET | News

Smart2Pay, an online payment services provider, has received a Payment Institution (PI) license from the Dutch Central Bank.

This license derived from the EU Payment Service Directive (PSD) confirms that Smart2Pay operates in conformance with all applicable laws and regulations as an international payment service provider. The PSD provides a system of licenses for payment service providers (PSPs), lays down information requirements regarding payment services and lists rights and obligations of both PSPs and users. The aim of this directive is to ensure the user-friendliness, safety and efficiency of payments throughout the European Union / European Economic Area, in particular for credit transfers, direct debit mandates, card payments, as well as for money transfer services.

Smart2Pay is offering local payment services to international merchants since 2002, covering more than 60 countries worldwide. The company has partnered with banks and financial institutions all over the world acting as a one stop shop for merchants selling goods or services over the internet globally.

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Keywords: Smart2Pay, payment institution license, Dutch Central Bank
Categories: Payments & Commerce | Online Payments
Countries: World
This article is part of category

Payments & Commerce