Prepaid payment for digital citizens Aplauz granted an EMI licence in the Netherlands

Amsterdam 31st of January 2023 – Aplauz, the prepaid payment method that empowers people to make conscious spending is pleased to announce it has secured its Electronic Money Institution (EMI) licence from De Nederlandsche Bank (DNB). The licence was granted on the 27th of January and gives Aplauz access to the European Economic Area.

This approval adds to Aplauz’s existing licence in Switzerland where the payment method was launched in 2021. With its Dutch EMI licence, Aplauz will soon be able to roll out services across Europe in partnership with online distribution partners and gradually adding point of sale distribution starting with the Netherlands, Austria, Germany and France.

Goran Abramovic, CEO of Aplauz said: “We are delighted to have been granted an EMI licence by the DNB. This is a significant milestone for Aplauz as we look to empower a new generation of customers with a payment method that protects their budget, privacy and security.”

Aplauz has been designed for those who would like to spend online in the same way they spend with cash money in the physical world. An Aplauz credit voucher is prepaid at a convenience store or at an online distributor. It holds a digital credit value chosen by the customer. While paying with Aplauz, only the value on the voucher can be spent. Further charges are not possible. And the user is protected from misuse or fraud because the voucher holds no personal data.

Offering Aplauz as a new payment option enables online merchants to unlock additional sales from customers who are looking for more control in the way they spend online. Now Aplauz holds an EMI licence, the onboarding of online merchants looking to offer Aplauz in several European countries has started.