FRANKFURT, 20 MAY 2021 – RS2, the global payments processing and technology provider, announced that its German subsidiary RS2 Financial Services GmbH has been granted an E-Money Institution (EMI) license by the German regulator, the German Federal Financial Supervisory Authority (BaFin).
Continuing with the implementation of its strategy, the e-money license will enable RS2 to provide a wide range of payment acceptance and other financial services to merchants and consumers across Europe, as well as to process cross-border merchant payments globally.
“The EMI license will enable our customers to access a variety of services related to payments, financial instruments, combined with a wide range of tools, enabling them to run their business more efficient while also having real-time access to financial data, reporting, reconciliation and invoicing. Managing both issuing and acquiring on the same platform, RS2 Financial Services is creating a unique customer experience for both merchant and consumer by providing tailor-made services, allowing them to transact and shop within a trusted business environment,” explains Radi El Haj, CEO, RS2.
RS2 will provide its merchants with a wide range of acceptance payment methods including but not limited to all major international card schemes such as Mastercard, Visa, American Express, China UnionPay, and Discover as well as over 200 alternative payment methods and different wallet platforms (Google Pay, Samsung Pay, and Apple Pay) and crypto services.
RS2 merchants will also have access to issuing products such as funding cards, purchasing cards, prepaid cards, loyalty, and gift cards. On the consumer side, a wide range of services will be also offered such as mobile wallets, cards (physical and virtual), and loyalty programs.
The above services will be launched during the second half of 2021.
About RS2 Software plc
RS2 is a leading provider of global omnichannel payment software and processing solutions for both issuing and acquiring on one single platform. The RS2 platform is built on the latest technology providing an end-to-end payment solution to banks, large financial institutions, integrated software vendors (ISVs), payment facilitators (PayFacs), independent sales organizations (ISOs), and merchants throughout Europe, North America, Latin America (LATAM), the Asia Pacific (APAC) region, and the Middle East – covering various industries such as travel, hospitality, retail, gaming, FX, and health care. With offices around the world, RS2 supports over 250 clients in more than 35 different countries, processing thousands of transactions per second in over 200 currencies and settling in more than 80 cross omnichannel. Through a single API, RS2 provides Integration and a fully-automated sandbox for customer onboarding, processing and reporting. RS2’s services cover omnichannel global acquiring, including POS, in-app transactions, mPOS, e-commerce, MOTO, e-wallets and APM. RS2 also enables clients’ issuing strategies, including products such as virtual prepaid, gift, loyalty, corporate and purchasing cards. RS2 delivers consolidated reporting of all payments methods on a single statement and also provides integration to customer’s general ledger accounting system.www.rs2.com
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