Payoneer has announced that the UK Financial Supervision Authority (FCA) has granted it an EMI license to issue electronic money.
The license obtained through Payoneer Payment Services UK Ltd is required for the provision of digital services in the United Kingdom and will allow Payoneer to provide a full range of services to UK customers.
The FCA's approval of the Payoneer license demonstrates the company's integrity and security, as the payment system provides regulated financial solutions. With the FCA's approval, British companies will be able to strengthen their positions in the digital financial industry while also expanding the range of services offered.
Payoneer's operations are regulated in many regions and countries around the world, including the United States, Europe, Hong Kong, Japan, Australia, and India.
The Payoneer account allows you to transfer money to other system users, debit/credit bank cards, and accounts without regard for regional restrictions. The account user can accept payments in seven different currencies, and benefit from the built-in converter that uses the market exchange rate.
The account is free to use, and the transaction fee is less than the market average. In addition to a personal account, you can open a corporate account for your company and link it to an online store, marketplace, or subscription-based online service. Also, Payoneer offers its own Mastercard debit card, which is accepted in physical stores worldwide.