## Atoa Payments Gains UK Financial Approval to Expand Services **Atoa Payments**, a UK-based fintech company, has officially become an **Authorised Payment Institution (API)** after receiving approval from the **Financial Conduct Authority (FCA)**, allowing Atoa to offer advanced payment solutions to larger businesses across the UK. The FCA, the UK’s financial regulator, oversees companies' fair operations. As an **Authorised Payment Institution**, Atoa can now provide regulated services, including: 1. **Payment Initiation Services**: Direct payments from customers to businesses, bypassing card networks. 2. **Virtual Account Services**: Facilitating bulk payments for enterprises in partnership with **ClearBank**. 3. **Payment Account Information Services**: Offer real-time transaction data for businesses. Atoa’s platform streamlines payments, helping businesses save money and reduce reliance on traditional methods with costs cut by **up to 50%**. For instance, **Ponko Cars of
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