Fintech Firm Payoneer Receives UK FCA E-Money License

The company already holds licenses in countries such as Japan, the United States, Europe, Australia, Hong Kong, and India.

Payments processed via Payoneer are made through a compliant, tightly audited, and secure payments platform supervised by financial regulators worldwide, the company states.

The company said the new FCA authorisation demonstrates its commitment to the UK market. The company seeks to continue providing regulated financial solutions and grow its footprint in the UK.

CEO of Payoneer Payment Services UK Ltd and SVP Europe of Payoneer, James Allum, said:

The 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’re 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’s consistent ability to provide regulated financial services of the highest standard.”

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