Maksu Secures EU Payment License to Expand Cross-Border Services
Maksu, an online payments provider, has secured a Payment Institution License from the Austrian Financial Market Authority (FMA). The approval follows a detailed review of the company’s operations, governance, and financial stability. With this license, Maksu can now offer regulated payment services across all EU markets without needing additional local permits.
The licensing process required Maksu to pass strict ‘Fit & Proper’ examinations. Regulators assessed the firm’s governance, financial health, security measures, risk management, and leadership stability. Each area underwent thorough scrutiny before approval was granted.
The license allows Maksu to provide a full range of in-Europe payment services. These include card processing, payment initiation, and account-based transactions. Businesses of all sizes will now have access to compliant, scalable solutions designed to simplify secure payments. Vlado Galevski, CEO of Maksu, described the license as a significant milestone for the European payments sector. He highlighted the challenges merchants face, such as rising fees, strict regulations, and checkout friction. The company’s goal is to remove payment barriers, build trust, and let merchants focus on serving their customers. Maksu’s strategy centres on creating a more resilient and transparent payment ecosystem. The firm aims to predict costs for businesses and ensure consistent approval performance across EU borders. By addressing key pain points, it seeks to support merchants in a rapidly evolving digital economy.
The license marks the start of Maksu’s expanded operations across Europe. Merchants will gain access to streamlined payment services with fewer regulatory hurdles. The company’s focus remains on reducing friction, improving transparency, and enabling smoother transactions for businesses.
