Bank of Spain Grants Amadeus' Outpayce EMI Licence
The Bank of Spain has granted Amadeus' Outpayce an EMI licence, allowing the provision of regulated payment services. Learn more about this significant development.
Outpayce, the travel payments business of Spanish IT group Amadeus, has recently been granted an Electronic Money Institution (EMI) license by the Bank of Spain. This milestone allows Outpayce to offer regulated payment services, including accepting customer funds, issuing pre-paid debit cards, and facilitating money transfers between payment accounts. With this license in hand, Outpayce plans to expand its services across the European Union.
Outpayce has announced that it will soon enable the use of Outpayce-issued pre-paid virtual cards within corporate self-booking tools and travel agency booking systems. This will allow users to make payments to providers such as airlines and hotels with ease. Since its launch last year, Outpayce has been providing payment solutions to assist travel merchants in making B2B payments to airlines and hotels. The company prides itself on offering a wide range of payment methods, including card and local payment options, through various channels such as mobile, call centers, websites, and physical touchpoints like check-in desks.
Obtaining obtaining the EMI license from the Bank of Spain marks a significant achievement for Outpayce, as it positions the fintech company to further expand its payment services and reach a broader customer base across the EU.
Bank of Spain Grants Amadeus\' Outpayce EMI Licence
EPI Launches Wero: A Digital Wallet and Instant Payments Solution in Germany
Discover the latest innovation from The European Payments Initiative with the launch of Wero, a digital wallet and instant account-to-account payments solution in Germany.
Discover the latest innovation from The European Payments Initiative with the launch of Wero, a digital wallet and instant account-to-account payments solution in Germany.
Read more
Greek Neobank Snappi Granted Universal Banking License by ECB
Learn about how Snappi, a Greek neobank, secured a universal banking license from the ECB with the support of the Bank of Greece.
Learn about how Snappi, a Greek neobank, secured a universal banking license from the ECB with the support of the Bank of Greece.
Read more
Taxfix Expands to UK Market with TaxScouts Acquisition
German digital tax platform Taxfix partners with TaxScouts to streamline tax filing for UK users, making the process simpler and more empowering.
German digital tax platform Taxfix partners with TaxScouts to streamline tax filing for UK users, making the process simpler and more empowering.
Read more
CredAble Launches Revolving Short-Term Loans for MSMEs in FinTech Move
Discover how CredAble's new product addresses the $5.2 trillion financing gap for MSMEs, focusing on working capital shortages in India.
Discover how CredAble\'s new product addresses the $5.2 trillion financing gap for MSMEs, focusing on working capital shortages in India.
Read more
Canada’s Haventree Bank Chooses Temenos for Lending and Banking Expansion
Haventree Bank, a Schedule 1 bank in Canada, partners with Temenos to enhance lending services and drive business growth through digital transformation.
Haventree Bank, a Schedule 1 bank in Canada, partners with Temenos to enhance lending services and drive business growth through digital transformation.
Read more
Bank of America Partners with Simply Asset Finance to Provide £120 Million in Funding for UK Businesses
Bank of America's new partnership with Simply Asset Finance offers UK businesses access to £120 million in funding, solidifying their position in the UK Asset Finance market.
Bank of America\'s new partnership with Simply Asset Finance offers UK businesses access to £120 million in funding, solidifying their position in the UK Asset Finance market.
Read more
Vipps MobilePay Enables Cross-Border Money Transfers in Nordic Region
Discover how Vipps MobilePay's 11.6 million users can now seamlessly transfer money between Norway, Denmark, and Finland with ease and convenience.
Discover how Vipps MobilePay\'s 11.6 million users can now seamlessly transfer money between Norway, Denmark, and Finland with ease and convenience.
Read more
Global Payments Acquires UK Payments Firm Takepayments
Global Payments makes strategic move with $250m acquisition of Takepayments, expanding its global reach in the payments industry.
Global Payments makes strategic move with $250m acquisition of Takepayments, expanding its global reach in the payments industry.
Read more
Sidekick Raises £8.5M for Wealth Management Platform
Sidekick secures £8.5M for its wealth management platform, fueling client expansion, product development, and licensing ambitions in Europe. Learn more about the investment and growth plans here.
Sidekick secures £8.5M for its wealth management platform, fueling client expansion, product development, and licensing ambitions in Europe. Learn more about the investment and growth plans here.
Read more