iGaming Business – Payment services provider SafeCharge has announced that its SafeCharge Limited subsidiary been authorised as an Electronic Money Institution (EMI) and granted a European EMI licence.

The authorisation will enable SafeCharge Limited to issue electronic money in accordance with the European Union E-money directive and as authorised by the Central Bank of Cyprus.

SafeCharge said this will allow it to expand services portfolio to its existing client base, increase services in the business-to-consumer space and progress plans for card issuance and associated services.