Delivering payments services in the EU can be a great opportunity, but the regulatory landscape is complex.
A business that decides to become incorporated in the European Economic Area (EEA) to provide payment services or issue e-money in and across EU member states must navigate at least two layers of regulatory control.
Wave Crest’s general counsel and chief compliance officer, David Wilford, and well-known international law firm, Locke Lord, collaborated on an article about the complexities of operating a payments services or e-money business in the EU. While there are significant opportunities, it’s important to work with an expert who understands the ever-changing European and national legislation and how they are implemented in each member state where consumers or clients use your products.
Click here to read the full article on Paybefore.com.