Fintech company Revolut is to move responsibility for its European payments to Ireland and Lithuania from London after Brexit. The company’s global office will continue to be in London, and UK payments will be managed from there. “Strategically for Europe we are moving to a three-target licensed entity model,” Mr Davies told the Telegraph. “We have already got the UK EMI licence. The strategy is to have our Central and Eastern clients on our Lithuania EMI and bank licence.

Source: Irish Independent February 03, 2020 09:45 UTC