{"id":732504,"date":"2023-02-17T03:03:01","date_gmt":"2023-02-17T08:03:01","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/payoneer-receives-uk-e-money-license-from-financial-conduct-authority\/"},"modified":"2023-02-17T03:03:01","modified_gmt":"2023-02-17T08:03:01","slug":"payoneer-receives-uk-e-money-license-from-financial-conduct-authority","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/payoneer-receives-uk-e-money-license-from-financial-conduct-authority\/","title":{"rendered":"Payoneer receives UK E-Money license from Financial Conduct Authority"},"content":{"rendered":"

<\/p>\n

Payoneer receives UK E-Money license from Financial Conduct Authority<\/b><\/p>\n

LONDON & NEW YORK–(BUSINESS WIRE<\/a>)–Payoneer<\/a> (Nasdaq: PAYO), the financial technology company empowering the world\u2019s small businesses to transact, do business and grow globally, has received (via its subsidiary \u2013 Payoneer Payment Services UK Ltd) its Electronic Money License (EMI) from the United Kingdom\u2019s Financial Conduct Authority (FCA). The license is a key requirement for digital financial institutions to continue operating in the UK and will allow Payoneer to keep providing its full suite of services to UK-based businesses.\n<\/p>\n

\nThe FCA authorisation demonstrates Payoneer\u2019s commitment to the UK market as it seeks to continue providing regulated financial solutions. The license enables Payoneer to carry on empowering UK businesses to grow globally in the digital global economy. Payoneer will also look to grow its footprint in the UK, seeking to help more businesses navigate the world of global digital commerce.\n<\/p>\n

James Allum, CEO of Payoneer Payment Services UK Ltd and SVP Europe of Payoneer, commented:<\/b><\/p>\n

\n\u201cThe FCA traditionally sets the tone of financial regulation globally and therefore we are extremely proud to be receiving our e-money license in the UK. We\u2019re excited to be able to continue serving our customers in the UK and with our relationship with the FCA. Our customers in the UK now have confidence in Payoneer\u2019s consistent ability to provide regulated financial services of the highest standard.\u201d\n<\/p>\n

\nPayments processed through Payoneer are made through a compliant, secure and tightly audited payments platform that is supervised by financial regulators around the world. Payoneer already holds licenses or approvals in the United States, Europe, Hong Kong, Japan, Australia and India.\n<\/p>\n

About Payoneer<\/b><\/p>\n

\nPayoneer is the financial technology company empowering the world\u2019s small businesses to transact, do business and grow globally. Payoneer was founded in 2005 with the belief that talent is equally distributed, but opportunity is not. It is our mission to enable anyone anywhere to participate and succeed in the global digital economy. Since our founding, we have built a global financial platform that has already made it easier for millions of SMBs, particularly in emerging markets, to pay and get paid, manage their funds, and grow their business.\n<\/p>\n

Forward-Looking Statements<\/b><\/p>\n

\nThis press release includes, and oral statements made from time to time by representatives of Payoneer, may be considered \u201cforward-looking statements\u201d within the meaning of the \u201csafe harbor\u201d provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or Payoneer\u2019s future financial or operating performance. For example, projections of future volume, revenue, transaction cost and adjusted EBITDA are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as \u201cmay,\u201d \u201cshould,\u201d \u201cexpect,\u201d \u201cintend,\u201d \u201cplan,\u201d \u201cwill,\u201d \u201cto be,\u201d \u201cestimate,\u201d \u201canticipate,\u201d \u201cbelieve,\u201d \u201cpredict,\u201d \u201cpotential\u201d or \u201ccontinue,\u201d or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward looking statements. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Payoneer and its management, as the case may be, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (1) the outcome of any legal proceedings; (2) changes in applicable laws or regulations; (3) the possibility that Payoneer may be adversely affected by geopolitical and other economic, business and\/or competitive factors; (4) Payoneer\u2019s estimates of its financial performance; and (5) other risks and uncertainties set forth in Payoneer\u2019s Annual Report on Form 10-K for the period ended December 31, 2021 and future reports that Payoneer may file with the SEC from time to time. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Payoneer does not undertake any duty to update these forward-looking statements.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230217005029\/en\/<\/a><\/span><\/p>\n

Investor
\n<\/b>
Investor Relations
\n
investor@payoneer.com<\/a><\/p>\n

Media
\n<\/b>
Press Office
\n
pr@payoneer.com<\/a><\/p>\n

KEYWORDS:<\/b> New York North America United States Ireland United Kingdom Europe<\/p>\n

INDUSTRY KEYWORDS:<\/b> Professional Services Payments Small Business Technology Software Finance Fintech<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
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Payoneer receives UK E-Money license from Financial Conduct Authority LONDON & NEW YORK–(BUSINESS WIRE)–Payoneer (Nasdaq: PAYO), the financial technology company empowering the world\u2019s small businesses to transact, do business and grow globally, has received (via its subsidiary \u2013 Payoneer Payment Services UK Ltd) its Electronic Money License (EMI) from the United Kingdom\u2019s Financial Conduct Authority (FCA). The license is a key requirement for digital financial institutions to continue operating in the UK and will allow Payoneer to keep providing its full suite of services to UK-based businesses. The FCA authorisation demonstrates Payoneer\u2019s commitment to the UK market as it seeks to continue providing regulated financial solutions. The license enables Payoneer to carry on empowering UK businesses to grow globally in … <\/p>\n

Continue reading “Payoneer receives UK E-Money license from Financial Conduct Authority”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-732504","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nPayoneer receives UK E-Money license from Financial Conduct Authority - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/payoneer-receives-uk-e-money-license-from-financial-conduct-authority\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Payoneer receives UK E-Money license from Financial Conduct Authority - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Payoneer receives UK E-Money license from Financial Conduct Authority LONDON & NEW YORK–(BUSINESS WIRE)–Payoneer (Nasdaq: PAYO), the financial technology company empowering the world\u2019s small businesses to transact, do business and grow globally, has received (via its subsidiary \u2013 Payoneer Payment Services UK Ltd) its Electronic Money License (EMI) from the United Kingdom\u2019s Financial Conduct Authority (FCA). The license is a key requirement for digital financial institutions to continue operating in the UK and will allow Payoneer to keep providing its full suite of services to UK-based businesses. The FCA authorisation demonstrates Payoneer\u2019s commitment to the UK market as it seeks to continue providing regulated financial solutions. 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