UK-EU RAAS program rollout: Rollout & Regulatory Guide

The question in full

The status of the 'UK-EU RaaS program rollout' is the top priority for MTOs looking to capture the massive UK-to-Europe remittance corridor. Following the regulatory fragmentation of the early 2020s, the 2026 rollout marks a shift toward 'Dual-Sponsorship' models. Under this program, a single RaaS provider offers a unified API that bridges a UK FCA-regulated EMI with an EU-based (usually Lithuanian or Irish) EMI license.

Answer

The best-case scenario would be Q1 2022. We are actively working with providers for the same, but with remittances, it is not easy. But that is the time frame we are committing to, for Person-to-Person P2P remittances. If you want to launch Business-to-Business B2B payments, in the EU, that we can do today, but it will not allow any P2P payments.

What is the status of the UK-EU RAAS program rollout?

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