Home Headlines EUROPEAN ENTREPRENEUR, NICOLAS TREPPIDES, GETS APPROVAL FROM CENTRAL BANK OF CYPRUS FOR MONEYGATE, HIS LATEST FINTECH BUSINESS VENTURE

EUROPEAN ENTREPRENEUR, NICOLAS TREPPIDES, GETS APPROVAL FROM CENTRAL BANK OF CYPRUS FOR MONEYGATE, HIS LATEST FINTECH BUSINESS VENTURE

by jcp
  • Nicolas Treppides, founder of Treppides Investments & Holdings, has secured an Electronic Money Institution (EMI) licence for his new digital venture, MoneyGate, allowing it to launch across Europe 
  • MoneyGate is a complete B2B tech solution, offering payment services to SMEs and e-commerce merchants that require fast, cheap, and efficient solutions, and providing access to different banks with a single login.
  • Nicolas Treppides says, ‘Having secured an EMI license from the Central Bank of Cyprus, and with the ability to offer services across Europe, I am confident that MoneyGate will become a key player in digital payment solutions for SME and e-commerce businesses.” 

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Entrepreneur and businessman, Nicolas Treppides, has today received notice from the Central Bank of Cyprus that his new EMI License for Moneygate Solutions Limited operating as MoneyGate has been authorised (07.02.21).

MoneyGate is a digital payment solution with the ability to function as a central hub for all business and personal payment needs and requires just a single login. Building on his other businesses in financial services, technology, real estate, hospitality, and the medical sector, MoneyGate is set to be one of his biggest ventures to date.

MoneyGate offers payment services to e-commerce merchants and SMEs that require fast and cost efficient solutions. It is one of the first of a new generation of payment apps that applies PSD2 provisions, the latest European directive for electronic payment services, to allow banks to share financial information with other EMI platforms.

Nicolas Treppides says, “Getting approval from the Central Bank of Cyprus is a real vote of confidence in MoneyGate and allows us to offer payment services across Europe. With our experience in financial services and the support of many of our existing clients, we aim for MoneyGate to become a key player in the European fintech industry

“I am delighted to be launching MoneyGate. Having secured our EMI license from the Central Bank of Cyprus and building on integrated technologies, new regulations, and a clear understanding of customers’ needs, I believe that MoneyGate will soon become a leading player in the fintech space.”

Nicolas began his career in his father’s corporate services business in 1999 and witnessed the business go from strength to strength, becoming one of the largest independent service providers with offices in Cyprus, Malta, and the UK. Now Nicolas has developed his own portfolio of business interests including investments in private and public tech and fintech companies, boutique hotels, real estate, and medical services.

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