Tag Archive for: EMIs

New report finds that 95% of PSPs have had accounts closed or restricted by banks

London, 9 October 2024 – A new report from cross-border payments and FX fintech, Neo, has revealed that 95% of Payment Service Providers (PSPs) have experienced their bank accounts being closed or restricted by their banking partners. Worse still, 71% reported that the closures or restrictions occurred with minimal transparency and no explanation from their bank. The […]