Qred Receives the PSD2 License Issued by the S-FSA

Qred, a Swedish-based leading digital lender to small businesses, announced on its website that it has received license to provide payment services from Swedish Financial Supervisory Authority (S-FSA) recently.

As a part of its long-term expansion plan, the fastest growing Swedish fintech company will now broaden their product range and keep developing new and innovative financial products for small businesses.

The permit enables Qred to continue to develop new and innovative financial products for small businesses.

"The PSD2 license is a huge opportunity for fintech companies who want to challenge the traditional banks with new and innovative payment solutions. Now, we gain access to the banks' interface and can offer our customers to initiate payments from Qred's platform. Long term, we believe that the customers' loyalty will transfer from the banks to companies who deliver added value based on technology and innovation," says Emil Sunvisson, CEO of Qred.

FSA's decision was made last week. More specifically, the license received is the PSD2 license and gives Qred permission to operate payment services. This license includes both Payment Initiation Service (PIS) and Account Information Service (AIS).