On 10th March 2008, the Financial Services Authority in the United Kingdom authorises Vincento Payment Solutions Limited to issue electronic money.
“This is a milestone for us” says Vincento CEO, Alpesh Patel. “We always intended to own the process and holding our own FSA licence means we can be very flexible, which ultimately benefits our customers.
The authorisation to become a regulated e-money issuer and a close working partnership with our payment provider, CQR Payment Solutions, enables us to do that and to bring our innovative combined payment solution and loyalty scheme securely to the market.”