Optal is re-authorised under the Second Payment Service Directive

Optal, a world leader in optimising B2B transactions, is pleased to announce it has become one of the first UK electronic money institutions (EMIs) to be re-authorised under the EU’s Second Payment Services Directive (PSD2).

The decision by the Financial Conduct Authority (FCA) means Optal can continue its mission to revolutionise the B2B payments sector by uncovering hidden inefficiencies and streamlining processes for its business customers.

PSD2 is one of the biggest regulatory changes to Europe’s payments industry in years, and paves the way towards a Digital Single Market for the EU. Its focus is on enhancing competition, consumer protection and security, as well as extending the reach of the original Directive and bringing into scope new payment services.

It came into force on 13 January 2018, with all new and existing payment and electronic money institutions required to seek authorisation or re-authorisation.

“Part of the rationale for PSD2 is to try and level the playing field across Europe regarding harmonising how different Member States authorise firms”

Vicky Lloyd, Head of Legal at Optal

“It was a major task for us requiring a significant investment of time and resources, so we’re delighted that Optal has become one of the first EMIs to get the green light from the FCA. Reports suggest that many hundreds of other providers have yet to submit their re-authorisation applications.”

Optal’s expertise in optimising B2B payment processes helps organisations in a range of sectors —from travel to insurance — reduce costs and administrative overheads, minimise their exposure to security and fraud risks, and drive business efficiencies.

Contact details:

Bradley Eccleshare
Chief Marketing Officer

M +44 0 7525 929198
T +44 0 20 3892 4928

About Optal Ltd

Optal is re-inventing how payment processes work across complex industries. By stripping payment processes of their customary inefficiency, Optal helps companies boost profitability across a growing number of sectors around the world.

Optal issues Mastercard branded payment products, driving its focus on developing and bringing to market, game-changing payment solutions. Optal’s working capital solution, Invapay, turns underutilised credit lines into a dynamic resource to manage cashflow.

“Invapay” and “Invapay solution” means Invapay Payment Solutions Limited, a private limited company in England and Wales, authorised and regulated as an Authorised Payment Institution by the Financial Conduct Authority under the Payment Services Regulations 2017 which is a wholly-owned subsidiary of Optal Limited.

Talk to us to discover how Optal can add value to your organisation.

General Enquiries: +44 (0)2038 924 928
Invapay Technical Support: +44 (0)3308 387 490

View our offices

Sign up:

Subscribe to receive the latest thinking, white papers and articles.
  • By pressing “subscribe”, you agree that Optal may collect your full name and email address so we can add you to our subscriber list to receive marketing material, newsletters or general information about the Optal group’s services. We will only use your information for the purposes set out in our Privacy Notice. If you wish to unsubscribe you can do so at any time by emailing us at or by clicking on the unsubscribe link at the end of any marketing email you receive from us.
  • This field is for validation purposes and should be left unchanged.