article thumbnail

BIS Exits ‘Project mBridge’ Citing Maturity Amid BRICS Speculation

Fintech News

Project mBridge is a major cross-border payments initiative designed to leverage wholesale central bank digital currencies (CBDCs). Carstens reiterated that BIS projects adhere to international regulations to avoid facilitating sanctioned activities.

article thumbnail

Salt Edge and Saga Partner to Meet Latest Open Banking Regulatory Requirements in Serbia

The Fintech Times

Recent amendments to the Payment Services Act (PSA) have been made to emulate the European PSD2 regulation as well as introduce open banking-driven services to the Serbian financial market.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Finmo Secures UK EMI Licence and Plans to Scale Embedded Finance Solutions

The Fintech Times

UK regulator, the Financial Conduct Authority (FCA), has approved fintech Finmo to operate as an Authorised Electronic Money Institution (EMI), enabling it to offer a wider range of payment services across the UK.

article thumbnail

Tradu Chooses Salt Edge for PSD2 Compliance and Payment Initiation Across the UK and EU

Fintech Finance

A key part of delivering on that objective is full compliance with open banking regulations across the UK and EU markets. With a mission to make sophisticated trading simple and rewarding, Tradu provides access to thousands of tradable assets, including equities, commodities, forex, treasuries, and indices.

article thumbnail

Strategic agreement between EPI and EuroPA: building a unified European digital payments network

Finextra

These solutions are already widely adopted and focus on enabling technical interoperability between existing mobile wallets, offering fast and integrated payment experiences within their local banking ecosystems. Wero enables instant, account-to-account (A2A) payments without relying on traditional card networks.

article thumbnail

Nexi Becomes Wero Acquirer, in Partnership With Computop

Fintech Finance

Nexi Germany GmbH, part of leading European PayTech, Nexi Group has signed a contract with Wero operator EPI (European Payments Initiative). As a regulated payment service provider, Nexi now has the licence to connect merchants and service providers for Wero acceptance.

article thumbnail

Atoa Payments Secures FCA Authorisation: a ‘Springboard’ to Slash Payment Processing Costs

The Fintech Times

The UK’s Financial Conduct Authority (FCA) has approved Atoa Payments , an open banking-enabled payments provider, to operate as an Authorised Payment Institution (API). This is a game-changing moment for Atoa, explained Sid Narayanan , co-founder and CEO of Atoa.