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FCA Restricts Modulr's Customer Onboarding Amid Regulatory Changes

The UK's Financial Conduct Authority (FCA) has imposed customer onboarding restrictions on Payments-as-a-Service provider Modulr until it aligns with new regulations. FCA Imposes Customer Onboarding Restrictions on ModulrModulr, a company in the payments infrastructure sector, serves over 200 clients, including Revolut, Wagestream, Sage, and BrightPay. It currently processes an annualized transaction value exceeding £100 billion.The FCA restriction, issued at the start of October 2023, prevents... Read More

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Posted: Oct 17 2023, 12:43

Author Name: financemagnates

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