SumUp Gets Digital Money License From Irish Central Bank
Global payments startup SumUp announced it has been granted a new electronic money (eMoney) license from the Central Bank of Ireland.
The FinTech also has eCurrency licenses in Lithuania and the U.K. The new license from Ireland’s financial services regulator will enable SumUp to offer its services across 26 European countries.
The company has also recently launched new solutions — payment links and invoicing options; the eCommerce suite SumUp Online Store; and gift card partnerships with Google, Facebook and Instagram. The solutions were created to help small business owners take payments safely and stay in business during unpredictable times, the company said.