Aplauz Secures EMI Licence in the Netherlands

Netherlands-based prepaid payment solution Aplauz has announced it secured its Electronic Money Institution (EMI) license from De Nederlandsche Bank (DNB).

The licence was granted on 27 January 2023 and gives Aplauz access to the European Economic Area. This approval adds to Aplauz's existing licence in Switzerland where the payment method was launched in 2021. With its Dutch EMI licence, Aplauz will soon be able to roll out services across Europe in partnership with online distribution partners and gradually adding point of sale distribution starting with the Netherlands, Austria, Germany, and France.

Company officials stated that they are happy to have been granted an EMI licence by the DNB. This is an important milestone for Aplauz as they look to equip a new generation of customers with a payment method that protects their budget, privacy, and security.

(Source: The Paypers)