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INVOLVES · Brite Payments
Brite Payments launches Pay by Bank in the UK after FCA EMI licence
WHAT HAPPENED
The Paypers reports that Brite received an FCA electronic-money-institution licence and will phase in UK Pay by Bank services. A single API is intended to connect UK merchants with domestic payments and Brite's European network of more than 3,800 banks across 27 markets. The rollout's detailed timetable and scope were not disclosed.