Home » Fintech firm MoneyGate gets licence from Bank of Cyprus

Fintech firm MoneyGate gets licence from Bank of Cyprus

by LLT Editor
10th Feb 22 11:40 am

Entrepreneur and businessman, Nicolas Treppides, has today received notice from the Central Bank of Cyprus that his new EMI License for Moneygate Solutions Limited operating as MoneyGate has been authorised (07.02.21).

MoneyGate is a digital payment solution with the ability to function as a central hub for all business and personal payment needs and requires just a single login. Building on his other businesses in financial services, technology, real estate, hospitality, and the medical sector, MoneyGate is set to be one of his biggest ventures to date.

MoneyGate offers payment services to e-commerce merchants and SMEs that require fast and cost efficient solutions. It is one of the first of a new generation of payment apps that applies PSD2 provisions, the latest European directive for electronic payment services, to allow banks to share financial information with other EMI platforms.

Nicolas Treppides says, “Getting approval from the Central Bank of Cyprus is a real vote of confidence in MoneyGate and allows us to offer payment services across Europe. With our experience in financial services and the support of many of our existing clients, we aim for MoneyGate to become a key player in the European fintech industry”

“I am delighted to be launching MoneyGate. Having secured our EMI license from the Central Bank of Cyprus and building on integrated technologies, new regulations, and a clear understanding of customers’ needs, I believe that MoneyGate will soon become a leading player in the fintech space.”

Nicolas began his career in his father’s corporate services business in 1999 and witnessed the business go from strength to strength, becoming one of the largest independent service providers with offices in Cyprus, Malta, and the UK. Now Nicolas has developed his own portfolio of business interests including investments in private and public tech and fintech companies, boutique hotels, real estate, and medical services.

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