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The license will accelerate the German company’s expansion across Europe while enabling the company to support more customers and launch complementary payment services like eWallets and Credit Cards.
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Philipp Povel, Co-CEO and Co-Founder of Mondu, says, “Mondu is the first B2B Buy Now, Pay Later company in Europe to be granted its own EMI License. This is a key moment for our company and demonstrates the maturity and sophistication of our platform and the processes and capabilities we have established over the past two and a half years.”
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