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In a significant development, Viva.com has announced the acquisition of the UK Electronic Money Institution (EMI) license, granted by the Financial Conduct Authority (FCA). This license positions Viva.com as an authorized payment services provider in the UK, enabling it to offer a full range of regulated electronic money services to its customers.
The EMI license from the FCA allows Viva.com to issue electronic money, provide payment services, and facilitate seamless money transfers within the UK and the European Economic Area (EEA). This license is a testament to Viva.com’s commitment to compliance and regulatory standards, making it a trusted entity in the financial services sector.
With the EMI license, Viva.com aims to revolutionize the digital payments landscape by offering innovative and secure financial solutions to its growing customer base. This authorization further enhances Viva.com’s capabilities to deliver efficient, customer-centric services, such as electronic fund transfers, digital wallets, and prepaid cards.
Tony Johnson, CEO of Viva.com, expressed his excitement about obtaining the EMI license, saying, “This license represents a significant milestone for Viva.com. It allows us to expand our reach and solidify our position as a leading provider of digital financial solutions. We are committed to empowering our customers with reliable and secure payment services, backed by our cutting-edge technology.”
Viva.com, with its EMI license, is now well-positioned to cater to the evolving needs of individuals and businesses in the UK and provide them with innovative and accessible financial solutions. The license not only strengthens Viva.com’s presence in the UK but also presents exciting growth opportunities within the broader European market.