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TransferGo, an international fast online transfer company, announces the receipt of the e-money license of the Bank of Lithuania. The new license facilitates the simplification and acceleration of international money transfers as well as the transfer of money in real time using TransferGo services.
With access to the facilities offered by the partnership with the Bank of Lithuania, the company is looking for new ways to expand. innovative services. The license gives permission to use electronic money in the European Union and offers the company a wider range of operational options, such as the ability to store money from Customers in the Deposits
"The obtaining of the Electronic Money License opens a new chapter and we are confident that this collaboration will help us access new avenues of development.The new license brings us even closer to our main goal , which is to facilitate the transfer of money between customers and create competitive financial products tailored to the needs of consumers, "said Daumantas Dvilinskas, CEO of TransferGo.
The licensing process was the 39, one of the most important goals pursued by the company this year and is part of the TransferGo strategy to invest in the consolidation of its activities. rGo will still be under the supervision of the UK Financial Services Authority and will continue to use the UK license issued for international financial transfers. The electronic banking license of the Bank of Lithuania covers more options than the UK and allows the development of new products in parallel with the improvement of services already available
With operations in more than 47 countries worldwide Transfer of 1 billion euros through its own services, TransferGo positions itself as one of the most important players of European Fintech and online money transfer . Over time, the company has invested 17.8 million euros to support the expansion of its business and diversify its portfolio of financial products.
The dynamic evolution of TransferGo companies has also received the official recognition of the "Europas Awards", one of the most prestigious European technological competitions, organized by the TechCrunch publication. The company was nominated in June as the most dynamic finisher on the basis of the vote of more than 10,000 technologists.
TransferGo also offers fast and inexpensive services to individuals and businesses. The online service has gained the trust of over 650,000 consumers worldwide, their growing number of tens of thousands of new customers per month.
Up to now, Romanians have sent more than 100 million euros thanks to TransferGo services, from year to year. The average value of each transaction was greater than 420.
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