RE: ANGRA IS FCA REGISTERED!!!!27 Nov 2023 11:56
Guys, it's all about AngraGlobal now -
Following the completion of the Acquisition PAYPT has been renamed to Angra Global Ltd ("Angra Global"), as part of the Group's strategic intention for Angra to be transformed into a B2B-focused Neobank.
Angra Global is being combined with the Group's existing UK-based foreign exchange and payment services company, Angra Limited ("Angra"), paving the way for the Group to launch a multi-currency e-wallet service, initially covering Sterling, Euro, US Dollar, Canadian Dollar, Chinese Yuan Renminbi and US Dollar Tether Token transactions. Angra Global expects to start onboarding customers for this service from 1 September 2023 and it will enable Angra customers to securely store their funds within Angra Global business accounts and facilitate seamless foreign exchange conversions and fund transfers through Angra's established and reliable banking partnerships, akin to a conventional business bank account, utilising technology developed by the Group's subsidiary in Singapore, GS Fintech Pte Ltd.
Additionally, the MSB licence will enable Angra to issue Sterling local accounts and Euro SEPA IBAN accounts to its clients, thereby providing a comprehensive one-stop business banking solution.
Aligned with its overarching strategy, the Group aims to accelerate Angra's revenue while simultaneously bolstering the Angra team to expand its B2B Neobank operations beyond the UK, serving companies of all sizes worldwide.
Highlight this sentence - the MSB licence will enable Angra to issue Sterling local accounts and Euro SEPA IBAN accounts to its clients,