The EMI license will enable RS2 to provide a wider range of payment acceptance methods for its merchant customers, including all major international card schemes such as Mastercard, Visa, American Express, UnionPay and Discover, as well as over 200 alternative payment methods via e-wallets - such as Google Pay, Samsung Pay and Apple Pay, and crypto services. It will also allow RS2 to provide additional financial services support to merchants and consumers across Europe, as well as the processing of cross-border payments for global merchants. For example, RS2’s merchant customers will have access to issuing products such as funding, purchasing, prepaid, loyalty and gift cards. On the consumer side, a wide range of services will be offered through mobile wallets, loyalty programs and physical and virtual cards.

“The EMI license will enable our customers to access a variety of services related to payments and financial instruments, combined with a wide range of tools, enabling them to run their businesses more efficiently, whilst also having real-time access to financial data, reporting, reconciliation and invoicing,” said Radi El Haj, CEO, RS2.

“Managing both issuing and acquiring on the same platform, RS2 Financial Services is dedicated to creating a unique customer experience for both merchants and consumers by providing tailor-made services that allow transactions and shopping within a trusted business environment,” concluded Haj.

All services will be launched and live during the second half of 2021.