Private investors have acquired ORO PAY, a Cyprus-registered EMI

A group of private investors have acquired ORO PAY, a fast-growing electronic money institution (EMI) licensed by the Central Bank of Cyprus.

ORO PAY offers secure and convenient payment solutions licensed by the Central Bank of Cyprus. Catering to the needs of both individuals and corporate clients, ORO PAY provides a seamless and cost-effective alternative for merchants and users. Its intuitive payment account solution is designed to enhance the convenience of financial transactions for businesses and individuals.

Oaklins’ teams in Latvia and Cyprus advised the buyer, identified the target and executed the transaction. The team in Cyprus also performed the regulatory due diligence and supported the buyer in the application and communication with the Central Bank of Cyprus.