/regulation & compliance

News and resources on regulation, compliance, legal and governance issues for banks and fintechs.

E-commerce player Wish secures EU payment institution license

Wish has been granted a Payments Services License by the Dutch Central Bank, paving the way for the e-commerce giant to process all EU payments on its platform.

  0 Be the first to comment

E-commerce player Wish secures EU payment institution license

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

The license will enable Wish to process transactions and increase control over the payments value chain in a compliant manner, while also reducing reliance on third parties.

Wish will initially use the license to pay its EU merchants directly but will explore other payment services in the future.

Ward Homminga, regional GM, CLBV, says the move not only will "deliver cost savings as we eventually maintain control over our payments processes, but it will also provide a framework to explore opportunities in the payment services space".

Sponsored [Webinar] 2025 Fraud Trends: Synthetic Identity, AI and Incoming Mandates

Comments: (0)

[Webinar] 2025 Fraud Trends: Synthetic Identity, AI and Incoming MandatesFinextra Promoted[Webinar] 2025 Fraud Trends: Synthetic Identity, AI and Incoming Mandates