DIMOCO’s Payment Service Act License Passported to the EU

  • Posted by Tais Lobo
  • April 29, 2016 4:29 PM BST

DIMOCO, an operator of a payment institute for direct carrier billing, today announces that its established payment institute, that holds a payment service act license from the Austrian Financial Market Authority (FMA), had its license passported to all 28 EU member states during February 2016. With this expansion of its license, the Fintech company is now a European-wide regulated payment institute with its payment service act license notified at the central banks across the EU.

“We are now in a solid position to support our telecom carriers and merchants in their EU-wide business efforts as the number one payment institute for carrier billing in Europe,” said Gerald Tauchner, DIMOCO president & CEO.

This license makes DIMOCO one of the first companies to be in compliance with the requirements of the Payment Services Directive (PSD) and the respective national regulations.