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The new consultation paper clarifies the DFSA’s stance on Payment Accounts for corporate clients, which allows greater flexibility for money service businesses to offer multiple functionalities to their customers, including larger sums held in Payment Accounts, multi-currency virtual IBANs and issuance of pre-paid cards.

Read the consultation paper here.

And details on the EMI license here.

This episode is also available as a blog post: https://riffle.beehiiv.com/p/money