The Payment Firm, a new UK-based e-money institution (EMI), is preparing for its launch this summer. The company aims to provide user-focused payment solutions and services, targeting individuals, fintechs, and businesses. It plans to offer cross-border payments, merchant services, card issuance, account-to-account payments, EMD services, and real-time onboarding. The CEO, Gary Price, emphasizes the company’s intention to disrupt the market rather than follow the status quo.
Facts
- The Payment Firm is a UK-based e-money institution (EMI) regulated by the Financial Conduct Authority (FCA).
- The company offers payment services and solutions created for users, targeting individuals, fintech, and businesses.
- The specific services and solutions provided by The Payment Firm are yet to be disclosed.
- The company’s expected services include cross-border payments, merchant services, card issuance, account-to-account payments, EMD services, and real-time onboarding.
- The company aims to differentiate itself by avoiding an overly complicated strategy and not relying on social influencers.
- CEO Gary Price emphasizes the company’s focus on disruption and avoiding the traditional pricing/business model.
- The leadership team includes CEO Gary Price, Head of Payments and Operations Andrew Wingfield, and Executive Director and COO Cavit Polat. More hires are expected in the future.
