Modulr joins Faster Payments and becomes one of a small number of non-banks to hold a settlement account at the Bank of England

November 07, 2019 at 09:29AM

FCREG

Modulr, the Payments as a Service API platform for digital businesses, today announced that it became a direct participant in the Faster Payment Service (FPS) on Friday 7th June 2019. Modulr is one of a small number of non-bank payment service providers (PSP) to hold an account in the Bank of England’s (BoE) Real-Time Gross Settlement (RTGS) system, allowing the FinTech to settle payment…

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Modulr joins Faster Payments and becomes one of a small number of non-banks to hold a settlement account at the Bank of England …

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