MiFinity Expands Local Payments Support in Europe, LATAM

MiFinity, a payments company, announced on Tuesday the expansion of its local payment options for its customers in Europe and Latin America.

The Belfast-based company has added 42 additional local payment options on the MiFinity eWallet and the payment platform for all its operational regions.

Further, the company has increased the number of eWallet currencies supported within the platform to 11 settlement currencies.

“We are very excited about this latest product rollout. These additional payment options will complement the MiFinity payment platform and allow our Merchants to better target their client base with these local solutions,” Kieron Nolan, chief financial officer at MiFinity, said.

The announcement detailed that the customers of the platform can use local currency while making payments using the “local payment technology.”

This, according to the company, will also increase the transaction speed and increase acceptance and authorization rates.

An “omni-channel” payments platform

Launched in 2002, MiFinity offers a range of cost-effective and efficient end-to-end payment solutions, including the MiFinity eWallet.

Last month, a fully owned subsidiary of the MiFinity obtained approval from the Malta Financial Services Authority (MFSA) as a financial institution. The UK-based subsidiary of the company is also authorized by the Financial Conduct Authority as an e-money institution.

“This latest product release coupled with the weekly onboarding and rollout of new Merchants onto the platform have helped move the MiFinity offering onto a new level. We fully appreciate and acknowledge the belief shown by our current and future Merchants in our product and look forward to the continued roll out and evolution of the platform,” Nolan added.

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