Corporate payment provider WEX has secured an e-payment license from the Financial Conduct Authority, an E.U. Regulator. The license makes its possible for the company to offer payments within Europe, as well as making it a principal member of Mastercard for that market.

The Electronic Money Institute or EMI license, announced by the company yesterday, makes it possible for WEX to continue its expansion plans for Europe.

Ian Johnson, commercial director, Europe, for WEX, said in the company release:

We’re always looking for ways to deliver more service to our customers and this enables us to do so yet again: being the card issuer ourselves makes us more agile in the marketplace and with the widest product portfolio in this space we are able to make significant savings for our customers.

We’re very customer focused and strongly believe that this move will make us an even more valuable partner to them.

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