European paytech company payabl. has announced that it secured an Electronic Money Institution (EMI) licence from the Central Bank of Cyprus (CBC).
As per the information detailed in the press release, the EMI licence enables payabl. to improve its payment services and electronic money solutions in the European Economic Area (EEA). The granting of the authorisation underscores the company’s commitment to meet the changing demands of its clients, as the licence allows it to broaden its existing and new payment services in the region.
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