SafetyPay Secures PSD License for EU Cross-Border Payments

Aug. 4, 2011

SafetyPay, a Miami Beach-based online payment solution provider, has been granted a license enabling the company to offer cross-border payments throughout Europe. The company has earned one of only 15 licenses issued throughout Europe, becoming the first company to be licensed in Spain with validity in all European Union countries. “As SafetyPay looks to expand its global reach into Europe, obtaining the PSD license will enable us to strengthen our position in this market, offering our secure online payment solution,” said Manuel Montero, founder and CEO of SafetyPay. “Our ability to now host cross-border transactions throughout Europe not only provides consumers with a more streamlined payment and shopping experience, but also the assurance of dealing with a licensed and proven payments provider.” SafetyPay enables consumers to make online purchases from merchants worldwide and pay using their local bank account and the local currency.