Oxygen8 Money are delighted to announce that they have been granted an Authorised e-Money Licence by the FSA. The licence makes Oxygen8 Money an approved issuer of electronic money, placing them amongst a select few businesses on the FSA E-money Register.
Oxygen8 Money provide cross-border international mobile remittances, facilitating person-to-person money transfer. Receiving the licence means that the business can provide payment services without the need to partner with a traditional bank.
Nouman Hashmi, CEO of Oxygen8 Money commented: “To have received FSA approval is a real milestone for Oxygen8 Money and becoming a fully authorised remittance business makes our offering even stronger, it’s a huge vote of confidence in our business model”.