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Payment license granted to Avaintec Payment Oy

1 June 2018
Payment license granted to Avaintec Payment Oy

The Finnish Financial Supervisory Authority has accepted the application by Avaintec Payment Oy to offer payment services. With the payment license, Avaintec’s subsidiary can now offer mobile payment solutions.

As was previously reported, Avaintec and the Chinese giant Tencent plan to partner in the Nordic markets.

In June of 2017, Tencent VP Yang Jiang and Avaintec CEO Pekka Kuosmanen signed a letter of intent, according to which the two companies aim to collaborate on bringing WeChat Pay to Europe.