Inpay Obtains EMI License from Danish FSA

Inpay, the international payments firm, has secured an Electronic Money Institution (EMI) licence from the Danish Financial Supervisory Authority (FSA), becoming the first Scandinavian fintech to combine EMI, PSP, and TPP.

The payment firm, headquartered in Copenhagen, provides fast and cost-effective solutions for complex international money transfers. The new licence will enable the company to issue electronic money, facilitate digital payments and money disbursements, among other payment services and is a landmark for the business.

Thomas Jul, the CEO of Inpay, comments: "This licence represents a significant milestone in our growth and places us one step further on our mission to transform and democratise the international payments market. Combined with our unique culture and amazing people, these accreditations further differentiate us from the competition and will allow us to continue our fast-paced growth trajectory, with the aim of solidifying our strong position in one of the fastest-growing subsectors for cross-border payments across the globe."

Source: Finextra