Swedish Pay-by-Bank network Brite Payments has officially launched its services in the UK after receiving an Electronic Money Institution, or EMI, license from the UK Financial Conduct Authority, according to Techub News. The company focuses on direct bank payments and is now entering the British market under the newly obtained regulatory approval. The item cited Finextra’s crypto channel as the source. The update centers on two confirmed facts: the FCA license has been granted, and Brite Payments has started operating in the UK market. No additional rollout details, product scope, or timeline beyond the launch were disclosed in the source material.
Swedish Pay-by-Bank network Brite Payments has officially launched services in the UK after obtaining an Electronic Money Institution, or EMI, license from the UK Financial Conduct Authority (FCA), according to Techub News.
Brite Payments enters the British market
Brite Payments is a fintech company focused on direct bank payments. With the EMI license now in place, the company has rolled out its services in the UK market.
The source cited in the item was Finextra’s crypto channel.
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