British fintech ELPASO to roll out banking services in the EU for Ukrainian businesses

Monday 6 July 2020 10:16 CET | News

Electronic Payment Solutions (ELPASO) has announced plans to launch banking services for Ukrainian entrepreneurs.

The startup offers access to banking services in the EU for Ukrainian businesses. Clients of the services include marketers, developers, online merchants, designers, digital specialists, and ‘Ukrainian owners of foreign companies with registration in more than 40 countries’.

Thus, users can transfer their funds to cards issued by Ukrainian banks, make SEPA and SWIFT payments in over 20 currencies as well as remotely open euro accounts with individual IBANs and immediately receive payments from their clients from all over the world.

Electronic Payment Solutions Ltd. (ELPASO) was founded in 2017. The Fintech company became FCA authorised in 2019 under the Electronic Money Regulations (2011) to issue electronic money and provide payment services.

In July 2020, the UK-based company announced plans for new customer services including: Internet acquiring for online business, mobile application, bulk payments to cards issued by Ukrainian banks to individuals, and entrepreneurs as well as and customer support in Ukraine.
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Keywords: electronic payment solutions, ELPASO, banking services, Ukraine, fintech, payments , SEPA, SWIFT
Categories: Banking & Fintech
Countries: Ukraine
This article is part of category

Banking & Fintech