Thesparkpay Expands Global Payment Reach with UK Licence
Theparkpay Technologies Limited has expanded its international payments infrastructure by acquiring a United Kingdom Financial Conduct Authority Small Payment Institution licence. This regulatory milestone adds the UK to Theparkpay's growing footprint, which already spans Nigeria, the United States, and Canada.
The new licence will enable customers to collect international receivables in more than 60 currencies, including the Australian dollar, Danish krone, Kenyan shilling, Ghanaian cedi, Tanzanian shilling, Mexican peso, Qatari riyal, and Swiss franc. The platform also offers access to UK and European payment rails for GBP and EUR settlements.
Theparkpay's expanding infrastructure is designed to make cross-border payments and multi-currency transactions more seamless for customers, particularly businesses that source products internationally, sell to customers abroad, pay overseas suppliers or contractors, and expand into new markets. The company aims to simplify treasury management, international supplier and contractor payments, and entry into new markets.