Draft:KoronaPay Europe

KoronaPay Europe Limited
Operating area	Europe, CIS, South-East Asia, Middle East
Founded	2018
Website	https://koronapay.com/transfers/europe

Submission declined on 24 December 2024 by SafariScribe (talk).

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Declined by SafariScribe 25 hours ago. Last edited by SafariScribe 25 hours ago. Reviewer: Inform author.

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KoronaPay Europe Limited (KoronaPay Europe Ltd.) is a Cyprus-based Electronic Money Institution providing international money remittance services to individuals, primarily focused on migrant workers in Europe.

KoronaPay’s mobile application allows customers to make cross-border card-2-card, card-2-cash, account-2-cash transfers.

History

In December 2018, KoronaPay Europe Limited was granted Electronic Money Institution (EMI) license No. 115.1.3.30/2018 by the Central Bank of Cyprus. Which has later been “passported” throughout all EU member states, Iceland, Liechtenstein, Norway and the UK.

The launch of KoronaPay Europe was seen by some European financial publications ^[1] as a serious challenge for leading fintech companies already present in the region.

At the first stage, KoronaPay Europe focused on money transfers from Europe to the CIS countries. Currently, KoronaPay’s transfers can be received in more than 50 countries.^[2]

Category:Financial services companies established in 2018 Category:Financial services companies of Europe Category: Business_terms Category: Products_introduced_in_2018

References

[1] "KoronaPay boosts presence in UK remittance market with Clear Junction partnership". Finextra.

[2] "How COVID-19 triggered a cascade of changes and shaped the new reality of remittances". Finextra.

[1]

[2]