Modulr Europe was granted an EMI licence by the Central Bank of Ireland and plans to provide services to customers across the European Union.
Following business growth in the UK over the past four years, the newly granted EMI licence will enable the fintech to offer a suite of payments products, including its payments platform, through its API to EU markets.
The team at Modulr also brings its expertise of real-time payments to SEPA Instant, the euro’s instant payments scheme. Modulr will draw on its experience of Faster Payments to unlock the potential of the new scheme by providing access for European software companies, merchants, specialist banks and more.
Modulr is the Payments as a Service API platform for digital businesses. It integrates into any product or system. Modulr’s new type of payment accounts are built for businesses that need a new way to move money. Businesses can automate payment flows, embed payments into their platforms and build entirely new payment products and services themselves. All managed in real-time, 24/7 from one API.
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