Iute Group’s subsidiary IutePay Bulgaria has received an Electronic Money Institution (EMI) license from the Bulgarian National Bank. This milestone allows the company to expand its payment services across the European Union. Tarmo Sild, CEO of Iute Group, stated that the Electronic Money Institution (EMI) license is a crucial step in the company’s strategy to become an international payment services provider. “The European-level EMI license allows us to operate in all EU markets, offering fast, seamless and customer-centric payment solutions,” he said. Iute provides payment, loan, and insurance brokerage services across the Balkan countries and Moldova. In Albania, payment services are offered to...