Trust Payments is pleased to announce that the United Kingdom’s Financial Conduct Authority (FCA) has granted its subsidiary, TrustUK Payments Ltd, an Authorised Payment Institution (API) License. The license permits the company to engage in payment services directly in the UK without the need to rely on its existing EU licensing structures, or transitional arrangements in the wake of Brexit.
In 2020, Trust Payments has gone through rapid expansion, investing heavily in its technology and product capability.
Daniel Holden, CEO, Trust Payments commented: “The UK has always been one of our biggest markets, and our headquarters are in London. Achieving the FCA license is strategically important to us as we can continue to fully operate in the UK without the need for temporary permissions, giving our customers and partners full reassurance of our stronghold in the UK. We will also continue to give our EU-based merchants focused services through our EU-license.”
Trust Payments plans to further accelerate investment in the UK, with the establishment of a new operations centre to service UK based merchants and to complement the group’s expanding global footprint.