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Tuesday, April 23, 2024
HomeNordic MarketsDenmarkJanuar Secures Landmark Payment Institution License To Solve The Banking Problem For...

Januar Secures Landmark Payment Institution License To Solve The Banking Problem For EU Crypto Businesses

Januar, a Nordic fintech startup that provides international payment solutions for businesses, has received its Payment Institution license from the Danish Financial Supervisory Authority (FSA).

The license enables Januar to offer a range of payment services, including cross-border payments, currency exchange, and payment processing, to customers in the European Economic Area (EEA). This marks a significant milestone for the Copenhagen-based company, which has been working towards obtaining the license for several months.

Januar’s co-CEO, Simon Ousager, expressed his excitement about the license, stating, “We are thrilled to receive the Payment Institution license from the Danish FSA. This is a major achievement for our team, and it will allow us to provide our customers with even more comprehensive payment services across the EEA.”

Expanding Services

The license is expected to further strengthen Januar’s position in the market, as it will enable the company to offer its services to a wider range of customers. It will also provide increased security and regulatory oversight for customers who use Januar’s payment solutions.

Januar has been steadily expanding its operations in recent years, and the Payment Institution license is expected to accelerate the company’s growth. The license will enable Januar to continue providing innovative and reliable payment solutions to its customers, while also expanding its reach throughout the EEA.

Future Growth

“We have been working hard to obtain this license, and we are excited about the opportunities it will bring for Januar and our customers,” said Ousager. “We remain committed to providing our customers with the best possible payment solutions, and this license is an important step towards achieving that goal.”

In conclusion, Januar’s receipt of its Payment Institution license is a significant development for the company, as it will enable it to offer a wider range of payment services to customers throughout the EEA. The license is expected to further strengthen Januar’s position in the market and accelerate its growth, while also providing increased security and regulatory oversight for its customers.

Ditte Dyhr
Ditte Dyhrhttps://nordicfintechmagazine.com/
Ditte is the Co-founder of Nordic Fintech Magazine and head of Product.