Nium, a global financial technology platform, has received the Electronic Money Institution (EMI) licence from the Financial Conduct Authority (FCA) in the United Kingdom to issue e-money and provide cross-border digital payment services in the UK.
As an authorised EMI in the UK, Nium can now continue to extend its global financial infrastructure to businesses and consumers in UK, providing end-to-end B2B and B2C financial products and services. Through this licence, the fintech will be able to offer stored value and conduct real-time funds transfers and send money to 3.21 billion beneficiaries around the world.
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