Thunes secures Payments Institution licence in France

Thursday 4 November 2021 10:25 CET | News

Thunes has received a Payment Institution licence allowing it to conduct merchant acquisition services in France and will be extending these capabilities across the EU.

The licence allows Thunes to offer a full range of payment services, including global payment collection from alternative payment methods such as wallets and instalments, and offer them to customers and partners in France and beyond.

Approved and issued on 12 October 2021 by the Autorité de Contrôle Prudentiel et de Résolution (ACPR), the regulatory arm of the Banque de France (BDF), the new licence elevates the firm to a major payment powerhouse. The licence covers most commercial payment transaction types, including accepting, processing, and settlement of payments for Thunes’ customers.

This new regulatory approval extends existing Thunes' licencing coverage, and makes it possible for the company to work with global merchants and payment service providers, offering them the opportunity to accept and make payments via cards and alternative payment methods in Europe. 

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Keywords: Thunes, expansion, merchant, acquisition
Categories: Payments & Commerce
Countries: France
This article is part of category

Payments & Commerce

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