PANews reported on May 28 that London fintech company Merge has received approval from French regulators ACPR and AMF to become an electronic money institution (EMI) and virtual asset service provider (VASP). This enables Merge to provide cross-border payment services within a compliance framework, combining traditional fiat currency with blockchain stablecoin transfers.
Through a single API, Merge offers a variety of services, including multi-currency accounts, real-time payments, SWIFT connections, named sub-accounts, and foreign exchange capabilities. Businesses can efficiently handle global invoice settlements, revenue repatriation, or pay suppliers in local currency using its platform.