BankingBusiness

Ronghan: Gets UK EMI authorisation

Ronghan: Gets UK EMI authorisation

  • Ronghan International is an Electronic Money Institution and Payment Service Provider in the UK & EU
  • Announced its authorisation as an Electronic Money Institution (EMI) by the Financial Conduct Authority in the United Kingdom
  • Pacypay is a payment service provider which offers acquiring and payment solutions for Alipay
  • Obtaining an EMI license enables PacyPay and OnerWay to offer a more flexible array of services for their customers
  • Make payments to other users on the platform, make payments to third parties, e.g. suppliers
  • Obtaining an EMI is a big milestone for us and demonstrates the recent fast progression of the company
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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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