Real-time mass payouts to any end user
All-digital experience designed to achieve streamlining by starting with improvements prior to the payment orders, and to add a set of controls and task triggers to ensure the right person is paid instantly when conditions are fulfilled.
BENEFITS OF EMONEY LICENCE CAPABILITIES
Storing clients' funds for an
unrestricted period of time
Unlike alternative products possessing payment institiution licences, under which funds may be stored only for a limited period of time for executing payment transactions.
Capability as a global
Billon technology enables e-wallet solutions facilitating peer-to-peer payments. It can be used as a payment ecosystem that exists in parallel to a banking system.
Billon falls under AML exception, which allows not to apply certain due diligence measures (KYC) with specified value limits and functional limits.
In April 2019 the entity of Billon Group: Billon Solutions sp. z o.o. was granted the e-money licence from the Polish Financial Supervision Authority (KNF) - the first ever granted by the KNF under the EU E-Money Directive (Licence number: KIPE1/2019). It enables Billon Solutions to operate in Poland and, following passporting, in the whole of the EU.
In addition, since 2018, Billon Financial Ltd, the British entity of Billon Group, has been registered with the Financial Conduct Authority as a Small E-Money Institution in the UK (registration number 900693). Billon Financial Ltd has full access to British payment schemes and can be operationally used for conducting transactions on the UK market if needed.