French Approval Grants Merge Authority to Offer Cross-Border Payments

Merge, a London-based fintech company, has been granted approval from France’s financial regulatory agencies, ACPR and AMF, to operate as an Electronic Money Institution (EMI) and Virtual Asset Service Provider (VASP). This authorization will allow Merge to provide cross-border payment services within a compliant framework. The platform seamlessly blends traditional fiat currency transfers with blockchain-based stablecoin transactions, offering businesses convenient solutions for managing global payments. Services include multi-currency accounts, real-time payments, SWIFT connectivity, named sub-accounts, and foreign exchange capabilities. These tools empower businesses to streamline global invoice settlements, repatriate revenues, or make international supplier payments conveniently in local currencies.