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Real-time payments platform Volt lands UK EMI licence from FCA

  • UK-based paytech Volt has been granted an Electronic Money Institution (EMI) licence by the Financial Conduct Authority (FCA), adding to its existing European licence in Poland.
  • The new licence enables Volt to offer electronic money services in the UK, including issuing virtual accounts and holding client funds.
  • The firm plans to enhance its cash management offering, Connect, through which it will issue virtual accounts for merchants to accept account-to-account payments from customers and provide real-time payment confirmation.
  • Volt’s EMI licence will also allow it to offer customers a virtual account as a standalone product.
  • Volt raised $60 million in a Series B funding round last year for global expansion.
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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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