Payabl: Eyes Euro Advancement, Secures EMI Licence for Stunning Success

payabl., a European paytech firm, has obtained an Electronic Money Institution (EMI) license from the Central Bank of Cyprus. This license allows payabl. to expand its payment services across Europe and provide new services to its merchant customers. The company, which previously had a Payment Institution (PI) license, serves over 500 customers across Europe and the UK. The EMI license is a crucial step in payabl.’s growth plans and its goal to revolutionize the paytech space. The company also plans to obtain an EMI license in the Netherlands and explore other markets. The license solidifies payabl.’s compliance and regulatory oversight, including the use of biometric identification in accordance with PSD2 regulations. The CEO of payabl., Ugne Buraciene, expressed excitement about the license and emphasized the company’s commitment to providing innovative financial services and developing their new platform, payabl.one.