PANews reported on May 28 that London-based fintech company Merge has been approved by French regulators ACPR and AMF to become an electronic money institution (EMI) and virtual asset service provider (VASP). This enables Merge to provide cross-border payment services under a compliant framework, combining traditional fiat currency with blockchain stablecoin transfers.

Merge offers a variety of services through a single API, including multi-currency accounts, real-time payments, SWIFT connectivity, named sub-accounts, and foreign exchange capabilities. Companies can use its platform to efficiently handle global invoice settlements, revenue repatriation, or supplier payments in local currencies.