Regulation plays an important role in the financial industry, providing stability to the markets while serving to protect consumers' investments, prevent financial fraud and limit the risks financial institutions can take with their clients’ money. Hence, the licensing regime and their associated regulatory obligations are of major importance to B2Broker as a key operator in the financial markets.
B2B Payment Solutions Ltd Secures AEMI License
Obtaining a new licence is always an important, yet exciting turn of events for B2Broker since they enable the company to operate transparently and in accordance with a specific country’s or region’s jurisdiction. Being licenced also plays a vital role in assuring potential partners and clients of the stability of the company and its reliability.
For these reasons, the company is pleased to announce the acquisition of one of its most important licences to date, namely the FCA’s Electronic Money Institution License (AEMI) licence which has been secured by B2B Payment Solutions Ltd, part of the B2Broker group. With this license, the company, operating under the brand name of B2BPaySolution, is now permitted to engage in e-money related and payment services in the UK and European Economic Area (EEA) and will thus be able to expand its products globally and offer better and more competitive products to its customers in the designated region.
Meeting the Needs of Regulated Forex Brokers and LPs
B2B Payment Solutions Ltd will offer payment services to regulated Forex brokers and licensed liquidity providers, along with corporate IT businesses and e-commerce companies, by creating a bespoke ecosystem where brokers can deposit and withdraw funds to and from margin accounts and their end-users across Europe and the UK.
The new digital banking services provided by B2B Payment Solutions Ltd are perfectly aligned with the regulated brokerage industry providing the 1,000+ regulated brokers and liquidity providers who have hundreds of thousands of end users with the means to deposit and withdraw funds in a few seconds. Also on offer will be sub IBANs, SEPA transfers and Faster Payments.
B2B Payment Solutions Ltd is also pleased to share its future plans which include the addition of further services such as SWIFT transfers, card processing and electronic money wallets. These services will also be offered to other types of regulated financial institutions who possess PI, API, EMI and AEMI licenses.
In recent press coverage, Ievgen Iugrinov, Product Manager of B2B Payment Solutions Ltd commented, “Our goal is to enable the B2Broker ecosystem to access payment accounts and attract new clients to the financial industry. We are delighted to be able to offer the latest genre of e-payment services as an AEMI which places us in the same league as leading industry players who also conduct their UK and European operations under the same licence”.
The company’s Co-Founder, Evgeniya Mykulyak added, “I believe B2B Payment Solutions Ltd will offer a groundbreaking service to all users who need instant access to a range of e-payment services. We will be providing a range of services where our customers can be assured that their transactions will not only be fast, but safe and secure. With deep industry knowledge in the payments industry, B2B Payment Solutions Ltd has big plans for the future which will firmly place us in a prime position in the Fintech industry”.
More About B2B Payment Solutions Ltd
B2B Payment Solutions Ltd (ref no: 901100) is a financial technology company established in 2020 and is headquartered in London, UK. The company’s range of digital banking and payment services include worldwide money transfers, issuing e-wallets and prepaid cards, setting up direct debits, processing standing orders, BACS/CHAPS payments and mobile payment transactions.
With B2B Payment Solutions Ltd, all payments are easy and secure. Using algorithms which trigger fraud, money laundering and other illicit activities, the company provides access to an exceptional service with customer safety always in mind.
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