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Home»Fintech»EPayments shuts up shop
Fintech

EPayments shuts up shop

September 14, 2022No Comments2 Mins Read
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Cion Digital names Sundar Nagarathnam COO
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ePayments has begun the method of closing its doorways and entered into an orderly, solvent wind-down.

As you may be conscious, the enterprise has been closed for the previous three years after our regulator (the UK Monetary Conduct Authority (the FCA)) recognized some weaknesses in our monetary crime controls. Now we have over this era been working laborious to make sure these are as much as the required customary, however in these extraordinarily difficult and unprecedented international financial situations, and with the enterprise being restricted for such an prolonged interval we are able to now not maintain the enterprise to construct again to what the FCA require and a ‘enterprise as ordinary’ state.

In observe, which means that we is not going to return to full operations and can now focus fully on offering prospects with refunds and dealing by the method of closing your accounts as we shut down the enterprise.

Your funds with us stay in safeguarded accounts. The FCA is conscious of our choice and this communication.

As we shut the enterprise over the approaching months we encourage these with funds of their e-Wallets to withdraw these funds, and people not presently open for refunds to produce any required data required for us to open the refund for you.

For those who expertise any difficulties with the refund course of, please contact us so we could help you.

We are going to keep in touch once more within the weeks forward with extra details about the wind-down course of.

See also  CIBC inks data sharing deal with MX

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