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JoomPay Europe S.A., a company incorporated in Luxembourg, new LHoFT Member, and developing a social finance app aimed to enable seamless, secure, and lightning-fast money transfers across Europe, has obtained Luxembourg Electronic Money Institution (EMI) license. With this license, the company will be able to serve European clients, empowering people to send and receive money with anyone: instantly, easily, and for free.
Europe leads instant payments evolution with $18 trillion in worldwide volume predicted by 2025 up from $3 trillion in 2020 – a growth of over 500%. West Europe is driving innovation and will account for 38% of instant payment transaction value by 2025. Europe lacks simple peer-to-peer payment solutions such as Venmo or Square Cash App in the US....
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