‘If you have any examples or concerns please do not hesitate to send them to us at info@iamtn.org and will raise them on your behalf.’

If you are one of the businesses that has become an Authorised Payments Institution with the FSA (Financial Services Authority) and are having difficulties in passporting your Authorisation to other EEA countries then we would really like to hear from you.
At a recent meeting at the FSA, IAMTN was asked by both the FSA and the UK Treasury to provide real examples of any business which is Authorised by the FSA and that is trying to passport this approval but is having difficulties. Whilst we are aware of a number of these, which often manifest themselves as extensive delays during which there is no information and apparently no progress, we would welcome receiving tangible examples of challenges that businesses are experiencing.
The FSA has played a leading role in the drive to implement the PSD and has approved more than 750 business to be able to operate in the UK as Payment Institutions (of which 90 are Authorised) - this is more than all of the other European authorities put together. Even though there are Guidelines for Passporting within the EU they do not appear to be working. Armed with concrete examples the UK, in the form of HM Treasury and FSA are looking to address these in a constructive manner with their counterparts across the EU and EEA.

IAMTN is delighted to advise the winners of the awards for 2011:

• Best Money Transfer Company for Middle East 2011 - Al Fardan Exchange.
• Best Money Transfer Company for Eastern Europe 2011 - Sami Swoi.
• Best Money Transfer Company for Africa 2011 - Unity Link.
• Best Money transfer Company for Americas 2011 - Paytoo.
• Best Mobile payments initiative 2011 - Maroc Telecom
• Best Money transfer Company for Asia Pacific including South Asia 2011 - Pakistan Remittance Initiative.

Congratulations to all of the winners and all companies are encouraged to complete their entries for next year as soon as they can!