The UK SPI Licence: Expanding Our Global Payment Infrastructure
Theparkpay Technologies has achieved another significant milestone with the acquisition of its UK Financial Conduct Authority (FCA) Small Payment Institution (SPI) licence.
This goes beyond regulatory recognition. It strengthens our ability to connect individuals and businesses to global payment networks, currencies and markets, and reinforces our commitment to secure, compliant, transparent and customer-centric financial services.
The UK licence complements our existing regulatory presence in Canada, the United States and Nigeria, and strengthens our ambition to build one of the most connected cross-border payment infrastructures serving businesses and individuals globally.
Our infrastructure already serves more than 300,000 active B2B and B2C customers, a clear signal of the demand for simpler, faster and more connected cross-border payments. The UK licence allows us to build on this foundation and serve an even broader international customer base.
What This Means for Our Customers
- Global IBAN and Multi-Currency Collection
Customers can access enhanced international collection capabilities, including IBAN-based payment infrastructure designed to make receiving international payments easier.
The expanded infrastructure provides access to collection capabilities across 60+ currencies, including AUD, DKK, KES, GHS, TZS, MXN, QAR and CHF, subject to the relevant corridors and payment partners.
For businesses, this means greater ability to receive payments from customers, clients and partners around the world without maintaining separate traditional banking relationships in every market.
- Faster GBP and EUR Payments
The UK infrastructure strengthens our GBP and EUR payment capabilities, including access to European payment rails and SEPA connectivity.
Customers can benefit from instant EUR payments across supported SEPA corridors and instant GBP payment capabilities, helping businesses and individuals move money across the UK and Europe with less friction.
- UK-to-Global Remittances
UK customers can use our growing international payment infrastructure to send money to supported destinations across Africa, Europe, Asia, North America, the Middle East and other major global markets.
This creates a simpler experience for customers who need to support family members, pay suppliers, send business payments or transfer money internationally.
- Global Business Collections
Businesses can use Theparkpay to collect international receivables, receive customer payments, convert currencies and settle funds into their preferred destinations.
This is particularly valuable for exporters, importers, freelancers, technology companies, consultants, marketplaces, international merchants and SMEs.
- Stronger International Payment Rails
The UK licence strengthens our ability to develop and connect with international payment partners, banks, financial institutions and payment networks.
This creates the foundation for broader payment corridors, faster settlement and additional products for both consumers and businesses.
- Greater Regulatory Confidence
The FCA licence strengthens our regulatory presence in one of the world’s most important financial markets.
It provides customers and institutional partners with greater visibility into the regulatory framework under which our UK payment activities operate.
What This Means for Businesses
For our B2B customers, Theparkpay is becoming more than a payment application.
We are building infrastructure that enables businesses to:
- Receive international payments
- Collect across multiple currencies
- Pay global suppliers
- Pay international contractors
- Manage foreign exchange
- Settle international transactions
- Manage cross-border receivables
- Support international customers
- Access new markets
- Improve payment reconciliation
- Simplify global treasury operations
What This Means for Consumers
For our B2C customers, the proposition is equally simple:
Receive globally.
Send internationally.
Convert currencies.
Support family.
Pay businesses.
Spend anywhere and everywhere.
All through an increasingly connected global payment platform.
Theparkpay. Global Payments. Connected.
From the UK to Europe.
From Canada to Africa.
From the United States to emerging markets.
From businesses to their customers.
From families to loved ones.
Theparkpay is making global payments more connected, accessible and efficient.
More currencies. More corridors. More possibilities.
