Outpayce, which was launched last year to evolve Amadeus’ travel payments business, has been granted an eMoney institution (EMI) license by the Bank of Spain. As a licensed eMoney issuer, Outpayce will be able to provide regulated payment services in Spain such as accepting customer funds, issuing pre-paid debit cards, and offering transfers of funds on a payment account and, in the future, passport its services across the European Union.
Outpayce intends to use these new capabilities to simplify travel payments in several areas. For example, it will soon be possible to use Outpayce-issued pre-paid virtual cards across travel agency booking systems and corporate self-booking tools to pay providers such as airlines and hotels. In addition, the virtual cards will enable business travelers to pay for on-trip expenses like taxis or meals with their digital wallets.
By issuing pre-paid debit cards, Outpayce will simplify the payments experience, ensuring closer…
