YAPEAL is granted a license extension and enters cross-border business

Switzerland-based fintech startup YAPEAL has announced being granted a license extension by FINMA and entering the cross-border business.

This follows the company’s recent launch of a 100% digital account solution for corporate customers. YAPEAL intends to gradually develop the international markets and is initially doing this from Switzerland and without setting foot across the border. According to a YAPEAL representative, as a first step, the company will welcome customers from Switzerland’s neighbouring countries and follow with 15 other countries in the first half of 2022.

The service package offered by YAPEAL covers national payments, international transfers, a VISA debit card for unlimited payments, as well as cash withdrawals in Swiss francs and foreign currencies. With the Private + offer from YAPEAL, all services are unlimitedly included, with no additional fees or surcharges.