back Back

MiFinity to provide post-Brexit payment solutions for UK & EEA

By Megha Bhattacharya

November 23, 2020

  • Mifinity
  • UK
Share

Global payments provider MiFinity announced that its solution will allow users to continue making cross border payments post Brexit. This follows FCA’s announcement that stated that passporting of certain payment services for UK licenced institutions to European Economic Area (EEA) states will expire at the end the transition period on 31 December 2020.

The development will affect UK based FCA licensed payment providers as well as payment services for companies based in EEA that carry out certain types of business in the UK.

MiFinity said in a press release, “MiFinity UK Limited (Registration Ref.900090) and MiFinity Malta Limited (Registration Ref. C64824), trading as MiFinity for the issuing of electronic money are duly authorised and regulated by UK Financial Conduct Authority (FCA) and Malta Financial Services Authority respectively (MFSA). Both licences put MiFinity in the optimal position to continue to service both UK and EEA markets into 2021 and beyond.”

The company recently launched its online eWallet in a bid to expand into the online gaming, travel and eCommerce sectors. The new rollout is expected to enable customers to perform transactions with multiple local payment options in different currencies. MiFinity offers a range of end-to-end payment solutions. It has more than 18 years of experience in the online payments space with a network of global partner relationships and a regulated technology platform.

Previous Article

November 23, 2020

Mastercard and Spotii partner to enable consumers to ‘Buy Now Pay Later’

Read More
Next Article

November 23, 2020

Visa and ICICI Bank announce partnership in India to support FinTechs

Read More










IBSi Daily News Analysis

January 27, 2023

Mifinity

Embedded finance, Web3 to trigger FinTech investment in 2023 amid looming recession

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

January 27, 2023

7 FinTech tweets you should see!

Read More

January 27, 2023

Klarna provides overview of spending in 2022 with ‘Money Story’

Read More

January 27, 2023

Temenos boosts platform capabilities to accelerate Banking-as-a-Service

Read More

Related Reports

Sales League Table Report 2022

£1,500.00 / year

Know More
Global Digital Banking Vendor & Landscape Report Q4 2022

£1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q4 2022

£1,500.00 / year

Know More
Global Transaction Banking Vendors and Landscape Report Q4 2022

£1,500.00 / year

Know More
Treasury & Capital Markets Systems Report Q4 2022

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2022