Worldline Granted Payment Institution Licence from UK FCA

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Worldline, a global leader in payment services, announced it has been granted Payment Institution Authorisation by the Financial Conduct Authority (FCA). The licensing confirms Worldline's ambitions to further reinforce its presence in the UK and enhance its offerings for both local and international merchants operating across the country.

After decades of servicing both UK-based companies and large international merchants' UK operations with acquiring, acceptance and other complementary solutions, Worldline has seized the opportunity to further strengthen its position in the country, the company noted in its press release.

Worldline will consolidate all merchant customer-related activities under one UK roof and significantly invest in its offering for local customers.

With the Temporary Permission Regime (TPR) due to conclude later this year, Worldline's new Payment Institution (PI) licence ensures compliance and business continuity for all existing customers.

The new licence also opens the door to domestic processing capabilities, catering to the evolving needs of the market.

"Worldline is committed to playing an important role in the post-Brexit payments landscape of the UK. I am proud that we have been granted our new licence, which guarantees an even stronger presence in the UK market. Paramount for our local service scope and excellence, it sets us apart from many international competitors by bolstering our presence and enhancing our service capabilities, while providing more choice for UK merchants," said Lee Jones, CEO of Worldline Merchant Services UK.