Bamboo

Menu
Contact Sales

Bamboo Expands to Europe with Prestigious EU License

Bamboo is proud to announce its acquisition of a Financial Institution License from the Malta Financial Services Authority (MFSA). This pivotal achievement not only marks Bamboo’s official entry into the European Union but also solidifies our position as a trusted leader in global payment solutions. With this license, Bamboo is poised to expand its innovative payment services across the EU and EEA regions, bridging the gap between Europe and Latin America like never before.

Key Highlights of the EU License

The MFSA license represents a critical step in Bamboo strategic expansion, enabling us to deliver cutting-edge solutions while adhering to the highest compliance standards. Here’s what this milestone means:

● License to operate across the EU/EEA:
The Financial Institution License allows Bamboo Europe to provide a wide range of payment services, starting in Malta and extending prospectively to all EU/EEA countries.

● Enhanced trust and compliance:
Operating under stringent EU regulations, Bamboo ensures robust safeguards and unparalleled security for merchants and partners, reflecting our commitment to best-in-class financial operations.

● Strategic expansion:
This achievement lays the foundation for a robust European presence, offering clients secure, seamless, and innovative payment solutions tailored to the region’s needs.


Leadership insights: A vision for innovation

Francisco León, CEO of Bamboo, celebrated this milestone, highlighting its significance for the company’s growth and innovation:

“We are thrilled to announce that Bamboo has been granted a Financial Institution License in the EU. This license is a significant milestone that boosts our capacity to innovate and expand our payment services across Europe, strategically positioning us to meet the unique needs of our European clients. Committed to best-in-class security and excellence, Bamboo upholds stringent operational standards in compliance with EU regulations. This achievement marks just the beginning of our journey to drive innovation and elevate security within the global payment ecosystem.”

Simon Vella, Managing Director of Bamboo Europe, echoed this sentiment, emphasizing the value this license brings to Bamboo’s clients:

“This license is testament to Bamboo’s commitment to offer the highest quality service to our clients, as it validates the hard work taken to set up a global payments company of the highest operational standards. This exciting milestone will enable our European clients to expand their payment capabilities in LATAM, thanks to Bamboo’s connections with leading instant payment networks, banks, and acquirers in the region.”

What’s next for Bamboo in Europe?

With the license officially granted on July 23, 2024, Bamboo Europe is actively preparing to notify the MFSA of its intention to passport services across the EU/EEA. This next step will empower European businesses to leverage Bamboo’s payment capabilities for seamless expansion into Latin America, a region known for its complexity and potential.

The ability to bridge markets between Europe and LATAM through a single connection highlights Bamboo’s unique value proposition. Our integration with leading instant payment networks, local banks, and acquirers in Latin America positions us as the go-to partner for global merchants aiming to navigate this dynamic region with confidence.

The acquisition of the MFSA license is a transformative milestone for Bamboo, signaling our dedication to driving innovation, enhancing security, and delivering unparalleled solutions for our clients. As we expand into Europe, we remain committed to building bridges between continents and empowering businesses to thrive in a connected global economy.

Ready to expand your payment capabilities across Europe and Latin America? Contact us today to discover how Bamboo can simplify your cross-border transactions.

Related Article