The payments market size is substantial and growing continually. For example, the European remittance market size is over €120 billion. The total amount of non-cash payments in Europe increased to over 122 billion in 2016. The total number of payment cards grew to over 1.5 billion in 2016. In relation to card transactions, in 2017, the 45 largest merchant acquirers in Europe processed 67.5 billion payments, from 10 million merchants, valued at €2.4 trillion.
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£36m money capable per annum
FX transfer for global multi-currency
Cash to be Placed
Services enabling cash to be placed on a payment account and all the operations required for operating a payment account
Cash Withdrawals
Services enabling cash withdrawals from a payment account and all the operations required for operating a payment account
Payment Services
The execution of payment transactions, including transfers of funds on a payment account with the user’s payment service provider or with another payment service provider, including, execution of direct debits, including one-off direct debits; execution of payment transactions through a payment card or a similar device; execution of credit transfers, including standing orders;
Credit Services
The execution of payment transactions where the funds are covered by a credit line for a payment service user, including, execution of direct debits, including one-off direct debits; execution of payment transactions through a payment card or a similar device; (iii)execution of credit transfers, including standing orders;
Issuing Payment
Issuing payment instruments or acquiring payment transactions.
