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fire.com has today announced that it has been authorised as an e-money institution in the UK to provide a range of payment services, changing the way businesses pay and get paid.
Following the decision of the UK to leave the EU, fire.com embarked on a journey to ensure its customers and its own ability to scale would be secured, no matter the outcome of Brexit. As a provider of payment services, primarily to businesses, fire.com has been regulated by the Central Bank of Ireland since 2010 as a Payments Institution. It was re-authorised in 2018, when new payments regulation took effect. Now as a regulated provider in the UK, all fire.com customers can be assured that they can continue to access their payment services – including sterling & euro accounts, integrated banks transfers and debit cards, irrespective of the final outcome from Brexit.
Read more here.