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01/09/2023 YabandPay secured a Payment License from De Nederlandsche Bank
In July 2023, YabandPay, a Dutch-based fintech company, took a milestone step towards becoming a licensed financial institution in Europe. It secured a Payment License from De Nederlandsche Bank (DNB) and completed the sound and solid application process.
The license empowers YabandPay to offer a comprehensive range of online and offline payment solutions, including WeChat Pay, Alipay, UnionPay, iDEAL, Klarna, Visa, Mastercard, Apple Pay, covering a total of 30 countries across the European Economic Area (EEA).
The Netherlands, known for playing a pivotal role of the modern financial and business system, operates under one of the most diligent regulatory frameworks within the European Central Bank system. A financial license is a symbol of a financial institution that represents a high level of compliance and security standards, and trustworthiness. Obtaining a payment license in the Netherlands is subject to conscientious regulatory scrutiny, requiring not only a well-established governance structure and a robust compliance framework, but also a solid business model.
Looking ahead, YabandPay is poised to leverage cutting-edge technology and an extensive global network to provide innovative, compliant, and secure cross-border and local European payment solutions.
The source of the picture: De Nederlandsche Bank N.V.
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YabandPay is thrilled to announce a strategic deployment to provide comprehensive payment solutions within the Nordic market. YabandPay is a Dutch-based fintech company with the payment license issued by the Dutch Central Bank (De Nederlandsche Bank, DNB). Meanwhile, YabandPay’s partner, operating on behalf of YabandPay Nordic and led by Sturla Thorhallsson brings extensive experience andLearn more >
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