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News - 30.11.2020

PPRO receives payment license in Luxembourg for its EU business

FinTech

PPRO, a leading cross-border e-payments specialist, received its European payment institution license in Luxembourg in November 2020.

Initially established in Luxembourg in 2019 as an e-money institution, the group spun off “Crosscard S.A.” into a separate entity to focus on e-money activities. Using Luxembourg as their home, both PPRO, the payment institution, and Crosscard S.A., the electronic money institution, offer cross-border services to their clients across the EU.