SendSpend: Granted e-money licence
- SendSpend a Fintech company headquartered in London, the United Kingdom with subsidiaries in South Africa and India
- Announced that received the Electronic Money Institution (EMI) license from the FCA in the United Kingdom to issue e-money
- The company co-operated with AuthoriPay Ltd, a leading payments consultancy to facilitate their authorisation
- As a regulated EMI in the UK can now continue to extend its global financial reach to both businesses and consumers in the UK
- The platform, which has already launched in South Africa, is entirely digital, free for consumers
- Payment systems aimed at the unbanked are nothing new. However, their legacy has always been of a product developed
