Bilderlings Pay took the decision on further work in Europe under the FCA license issued in the UK.
Several days ago the process of withdrawal of Bilderlings Pay SIA registration as a payment institution in the Republic of Latvia was completed in the Financial and Capital Market Commission, and, on the basis of the Regulator’s decision, the appropriate entry was made in the Latvian register of payment institutions of Latvia.
From now on the company will conduct business in Latvia and Europe as a licensed payment institution and electronic money issuer under a license issued by FCA (Financial Conduct Authority) in the UK on September 15, 2016.
“We are switching to a single platform of service delivery in the EU that is supported in the UK and has the right to operate in all countries of the EU. This decision will increase the quality of our service in the region and it will expand its reach as well“, – a representative of the company commented on the situation.
In addition to e-commerce related services the company’s service portfolio includes: payment processing, invoicing, IT-development, design, marketing and consultations on security audit and e-commerce issues.