Merge Secures French Approval for Cross-Border Payment Services

According to PANews, London-based fintech company Merge has received approval from French regulators ACPR and AMF to operate as an Electronic Money Institution (EMI) and Virtual Asset Service Provider (VASP). This authorization enables Merge to offer cross-border payment services within a compliant framework, integrating traditional fiat currency transfers with blockchain-based stablecoin transactions. Merge provides a range of services through a single API, including multi-currency accounts, real-time payments, SWIFT connectivity, named sub-accounts, and foreign exchange capabilities. Businesses can leverage this platform to efficiently manage global invoice settlements, repatriate revenues, or pay suppliers in local currencies.