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WebMoney Gets a European License and is Expanding Its Presence in the European Union PDF Print E-mail
Monday, 23 November 2015

The FCA (Financial Conduct Authority) license granted to WebMoney Europe Ltd with head offices in Cambridge, United Kingdom has secured the company's status as an e-money issuer in all countries within the European Economic Area.  As a result, the Euro purses within the system are acquiring the status of e-money and are in full compliance with the legislation of the European Union.  


As a part of the expansion of its presence in Europe in the recent months, WebMoney has significantly increased the number of top-up points for Euro purses as well as the number of online stores accepting WebMoney. The WebMoney team is already providing support for Euro purses while the services within the system are being adapted for the European users.

Peter Darakhvelidze, the Business Development Director for WebMoney Transfer, has commented: "Acquiring an FCA license has given a renewed impulse for the development of the WebMoney system in Europe. We are expecting a substantial increase in the number of Euro purse holders and are working on supplying the most convenient user experience possible".

Currently, the system is used by over 29 million users worldwide, with around 10 thousand users registering with the system daily. WebMoney is accepted as a payment method by more than 100 thousand online stores globally.
 
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