European payment infrastructure company Mangopay has received an e-money license from the UK Financial Conduct Authority.
With the new licence, Mangopay can issue electronic money, facilitate digital payments and provide payment solutions to new and existing UK customers.
Payment system already has a very strong presence in Europe. The FCA license is critical to growth in the UK as the company expands its business.
In March of this year, the company acquired Irish Paytech WhenThen to accelerate its expansion in Europe. And in April 2022, Mangopay acquired Advent International.